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

7.43 %

1 Year rank in sector

-

Sector

FO Fixed Int - Other Single High Yield

Yield
-
Fund size

£ 170.4 m

FE Risk score

87

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • China
    43.31%
  • Hong Kong
    17.99%
  • India
    8.78%
  • Indonesia
    7.89%
  • Money Market
    6.41%
  • B
    34.88%
  • BB
    30.33%
  • Non-Rated
    13.88%
  • BBB
    9.72%
  • Money Market
    6.41%
  • Chinese Fixed Interest
    43.31%
  • Hong Kong Fixed Interest
    17.99%
  • Indian Fixed Interest
    8.78%
  • Indonesian Fixed Interest
    7.89%
  • Money Market
    6.41%

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund0.68 %3.15 %7.43 %0 %0 %
Sector0.16 %5.49 %10.77 %19.43 %33.19 %
Rank within sector / / / / /
Quartile th th th th th th

Calendar performance

YTD-20172016201520142013
Fund8.09 %8.25 %0 %0 %0 %
Sector12.73 %5.18 %2.79 %0.35 %7.15 %
Rank within sector / / / / /
Quartile th th th th th th

Price movement

52 week high120.57
52 week low111.04
Current bid price0
Current offer price0
Current mid price120.57

Holdings by region

  • 43.31% China
  • 17.99% Hong Kong
  • 8.78% India
  • 7.89% Indonesia
  • 6.41% Money Market
  • 4.07% Sri Lanka
  • 4.06% UK
  • 1.82% Mauritius
  • 1.61% Thailand
  • 0.85% Switzerland

Holdings by sector

  • 34.88% B
  • 30.33% BB
  • 13.88% Non-Rated
  • 9.72% BBB
  • 6.41% Money Market
  • 4.78% A

Holdings by asset type

  • 43.31% Chinese Fixed Interest
  • 17.99% Hong Kong Fixed Interest
  • 8.78% Indian Fixed Interest
  • 7.89% Indonesian Fixed Interest
  • 6.41% Money Market
  • 4.07% Asia Pacific Emerging Fixed Interest
  • 4.06% UK Fixed Interest
  • 1.82% African Fixed Interest
  • 1.61% Thai Fixed Interest
  • 0.85% Swiss Fixed Interest

Individual holdings

  • 2.04% STUDIO CITY FINANCE LTD 8.5% BDS 01/12/20 USD1000 REG S
  • 1.82% NEERG ENERGY LTD 6% NTS 13/02/22 USD200000 REG S
  • 1.81% LENOVO GROUP 5.375% BDS 16/03/27 USD200000REG S
  • 1.68% BAOXIN AUTO FINANCE I LTD 0% UNDATED BDS USD1
  • 1.67% HT GLOBAL IT SOLUTIONS HLDGS LTD 7% BDS 12/07/21 USD1000REG S
  • 1.65% FRANSHION BRILLIANT LTD 5.75% UNDATED BDS USD200000REG S
  • 1.65% LONGFOR PROPERTIES CO LTD 6.75% BDS 29/01/23 USD200000
  • 1.65% OVPH LTD 5.875% UNDATED BDS USD200000
  • 1.64% CHALIECO HONG KONG CORP 0% UNDATED BDS USD200000
  • 1.63% AGILE GROUP HLDGS LTD 8.25% BDS PERP USD1000