Fact sheet: Nordea 1 RnmbHghYldBnd

Fund information

Fund name
Nordea 1 Renminbi High Yield Bond BP CNH
Fund company manager
Nordea
Fund type
SIB
Fund manager(s)
James Hu
since 05/05/2015
Raymond Gui
since 05/05/2015
Fund objective
The fund seeks to achieve attractive risk-adjusted return over a full credit cycle by primarily investing in CNH and USD denominated Asian High Yield bonds. The fund will actively hedge USD-denominated Asian High Yield bonds into Renminbi (CNH or CNY) to benefit from the forward carry. The investment team places a strong emphasis on downside protection while making sure it is able to capture most of the upside potential. The Fund will combine a top-down allocation strategy with an accurate bottom-up credit analysis.
Benchmark
No Specified Index
Investment style
High Yield
Investment method
Fixed Interest

Quick stats

1 Year return

7.88 %

1 Year rank in sector

-

Sector

FO Fixed Int - Other Single High Yield

Yield
-
Fund size

£ 169.7 m

FE Risk score

87

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • China
    44.17%
  • Hong Kong
    18.19%
  • India
    7.15%
  • Indonesia
    6.28%
  • Money Market
    4.69%
  • B
    40.67%
  • BB
    27%
  • Non-Rated
    15.55%
  • A
    7.12%
  • BBB
    4.96%
  • Chinese Fixed Interest
    44.17%
  • Hong Kong Fixed Interest
    18.19%
  • Indian Fixed Interest
    7.15%
  • Indonesian Fixed Interest
    6.28%
  • Money Market
    4.69%

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund-0.17 %2.54 %7.88 %0 %0 %
Sector-0.48 %5.55 %11.68 %19.11 %31.83 %
Rank within sector / / / / /
Quartile th th th th th th

Calendar performance

YTD-20172016201520142013
Fund8.08 %8.25 %0 %0 %0 %
Sector11.98 %5.18 %2.79 %0.35 %7.15 %
Rank within sector / / / / /
Quartile th th th th th th

Price movement

52 week high120.99
52 week low111.04
Current bid price0
Current offer price0
Current mid price120.56

Holdings by region

  • 44.17% China
  • 18.19% Hong Kong
  • 7.15% India
  • 6.28% Indonesia
  • 4.69% Money Market
  • 4.06% Sri Lanka
  • 4.04% UK
  • 2.37% Australia
  • 2.37% Canada
  • 1.6% Thailand

Holdings by sector

  • 40.67% B
  • 27% BB
  • 15.55% Non-Rated
  • 7.12% A
  • 4.96% BBB
  • 4.69% Money Market

Holdings by asset type

  • 44.17% Chinese Fixed Interest
  • 18.19% Hong Kong Fixed Interest
  • 7.15% Indian Fixed Interest
  • 6.28% Indonesian Fixed Interest
  • 4.69% Money Market
  • 4.06% Asia Pacific Emerging Fixed Interest
  • 4.04% UK Fixed Interest
  • 2.37% Australian Fixed Interest
  • 2.37% Canadian Fixed Interest
  • 1.6% Thai Fixed Interest

Individual holdings

  • 2.37% NATIONAL BANK OF CANADA 4.3% BDS 11/10/20 CNY1000000
  • 2.03% STUDIO CITY FINANCE LTD 8.5% BDS 01/12/20 USD1000 REG S
  • 1.97% FANTASIA HOLDINGS GROUP CO LTD CALLABLE BOND FIXED
  • 1.81% LENOVO GROUP 5.375% BDS 16/03/27 USD200000REG S
  • 1.68% BAOXIN AUTO FINANCE I LTD 0% UNDATED BDS USD1
  • 1.66% HT GLOBAL IT SOLUTIONS HLDGS LTD 7% BDS 12/07/21 USD1000REG S
  • 1.64% FRANSHION BRILLIANT LTD 5.75% UNDATED BDS USD200000REG S
  • 1.64% LONGFOR PROPERTIES CO LTD 6.75% BDS 29/01/23 USD200000
  • 1.64% OVPH LTD 5.875% UNDATED BDS USD200000
  • 1.63% JABABEKA INTERNATIONAL B.V. 6.5% BDS 05/10/23 USD200000