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
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

7.38 %

1 Year rank in sector

-

Sector

FO Fixed Int - Other Single High Yield

Yield
-
Fund size

£ 167.6 m

FE Risk score

85

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • China
    42.46%
  • Hong Kong
    17.37%
  • India
    8.91%
  • Money Market
    8.57%
  • Indonesia
    7.6%
  • B
    33.54%
  • BB
    30.42%
  • Non-Rated
    12.79%
  • BBB
    9.8%
  • Money Market
    8.57%
  • Chinese Fixed Interest
    42.46%
  • Hong Kong Fixed Interest
    17.37%
  • Indian Fixed Interest
    8.91%
  • Money Market
    8.57%
  • Indonesian Fixed Interest
    7.6%

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund0.72 %3.55 %7.38 %0 %0 %
Sector1.48 %6.02 %11.02 %17.83 %33 %
Rank within sector / / / / /
Quartile th th th th th th

Calendar performance

YTD-20172016201520142013
Fund7.44 %8.25 %0 %0 %0 %
Sector12.45 %5.18 %2.79 %0.35 %7.15 %
Rank within sector / / / / /
Quartile th th th th th th

Price movement

52 week high119.92
52 week low111.04
Current bid price0
Current offer price0
Current mid price119.85

Holdings by region

  • 42.46% China
  • 17.37% Hong Kong
  • 8.91% India
  • 8.57% Money Market
  • 7.6% Indonesia
  • 4.15% UK
  • 4.12% Sri Lanka
  • 1.86% Mauritius
  • 0.87% Switzerland
  • 0.86% Singapore

Holdings by sector

  • 33.54% B
  • 30.42% BB
  • 12.79% Non-Rated
  • 9.8% BBB
  • 8.57% Money Market
  • 4.87% A

Holdings by asset type

  • 42.46% Chinese Fixed Interest
  • 17.37% Hong Kong Fixed Interest
  • 8.91% Indian Fixed Interest
  • 8.57% Money Market
  • 7.6% Indonesian Fixed Interest
  • 4.15% UK Fixed Interest
  • 4.12% Asia Pacific Emerging Fixed Interest
  • 1.86% African Fixed Interest
  • 0.87% Swiss Fixed Interest
  • 0.86% Singapore Fixed Interest

Individual holdings

  • 2.08% STUDIO CITY FINANCE LTD 8.5% BDS 01/12/20 USD1000 REG S
  • 1.86% NEERG ENERGY LTD 6% NTS 13/02/22 USD200000 REG S
  • 1.85% LENOVO GROUP 5.375% BDS 16/03/27 USD200000REG S
  • 1.7% BAOXIN AUTO FINANCE I LTD 0% UNDATED BDS USD1
  • 1.69% HT GLOBAL IT SOLUTIONS HLDGS LTD 7% BDS 12/07/21 USD1000REG S
  • 1.69% LONGFOR PROPERTIES CO LTD 6.75% BDS 29/01/23 USD200000
  • 1.67% COUNTRY GARDEN HLDGS CO 7.25% BDS 04/04/21 USD200000
  • 1.67% FRANSHION BRILLIANT LTD 5.75% UNDATED BDS USD200000REG S
  • 1.67% OVPH LTD 5.875% UNDATED BDS USD200000
  • 1.66% JABABEKA INTERNATIONAL B.V. 6.5% BDS 05/10/23 USD200000