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

6.83 %

1 Year rank in sector

-

Sector

FO Fixed Int - Other Single High Yield

Yield
-
Fund size

£ 167.3 m

FE Risk score

83

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • China
    41.82%
  • Hong Kong
    22.88%
  • Money Market
    9.74%
  • India
    8.44%
  • Indonesia
    4.93%
  • B
    32.33%
  • BB
    31.88%
  • Non-Rated
    14.96%
  • Money Market
    9.74%
  • BBB
    7.37%
  • Chinese Fixed Interest
    41.82%
  • Hong Kong Fixed Interest
    22.88%
  • Money Market
    9.74%
  • Indian Fixed Interest
    8.44%
  • Indonesian Fixed Interest
    4.93%

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund0.01 %5.06 %6.83 %0 %0 %
Sector2.78 %7.77 %9.56 %14.75 %32.47 %
Rank within sector / / / / /
Quartile th th th th th th

Calendar performance

YTD-20172016201520142013
Fund5.97 %8.25 %0 %0 %0 %
Sector10.04 %5.18 %2.79 %0.35 %7.15 %
Rank within sector / / / / /
Quartile th th th th th th

Price movement

52 week high118.32
52 week low110.75
Current bid price0
Current offer price0
Current mid price118.21

Holdings by region

  • 41.82% China
  • 22.88% Hong Kong
  • 9.74% Money Market
  • 8.44% India
  • 4.93% Indonesia
  • 4.63% UK
  • 3.73% Sri Lanka
  • 0.99% Singapore
  • 0.98% Switzerland
  • 0.94% Thailand

Holdings by sector

  • 32.33% B
  • 31.88% BB
  • 14.96% Non-Rated
  • 9.74% Money Market
  • 7.37% BBB
  • 1.87% AA
  • 1.84% A

Holdings by asset type

  • 41.82% Chinese Fixed Interest
  • 22.88% Hong Kong Fixed Interest
  • 9.74% Money Market
  • 8.44% Indian Fixed Interest
  • 4.93% Indonesian Fixed Interest
  • 4.63% UK Fixed Interest
  • 3.73% Asia Pacific Emerging Fixed Interest
  • 0.99% Singapore Fixed Interest
  • 0.98% Swiss Fixed Interest
  • 0.94% Thai Fixed Interest

Individual holdings

  • 2.39% STUDIO CITY FINANCE LTD 8.5% BDS 01/12/20 USD1000 REG S
  • 2.1% NEERG ENERGY LTD 6% NTS 13/02/22 USD200000 REG S
  • 2.09% LENOVO GROUP 5.375% BDS 16/03/27 USD200000REG S
  • 1.94% BAOXIN AUTO FINANCE I LTD 0% UNDATED BDS USD1
  • 1.93% LONGFOR PROPERTIES CO LTD 6.75% BDS 29/01/23 USD200000
  • 1.92% HT GLOBAL IT SOLUTIONS HLDGS LTD 7% BDS 12/07/21 USD1000REG S
  • 1.91% WEST CHINA CEMENT LTD 6.5% BDS 11/09/19 USD200000
  • 1.9% CAR INC 6.125% 04-02-2020
  • 1.9% OVPH LTD 5.875% UNDATED BDS USD200000
  • 1.89% PACIFIC EMERALD PTE LTD 9.75% BDS 25/07/18 USD100000