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ALLIANZ RCM RENMINBI FIXED INCOME GBP HEDGED - Fund overview

No Bestinvest rating

Overview of ALLIANZ RCM RENMINBI FIXED INCOME GBP HEDGED

One of the first funds available to investors that offers a means of accessing RMB denominated securities. The fund will invest in RMB denominated corporate bonds, government bonds, deposits and certificates of deposit through the Hong Kong offshore RMB market. The interest rate sensitivity of the portfolio will be kept low and weighted average credit quality will be at least investment grade. Yields are generally low, the majority of return is expected to be achieved through currency appreciation.

Standard Initial Charge

No data available.

Fund summary

Sector	–
Product type	OFFSHORE FUND
Launched	July, 2011
Size	£345m
Yield	0.0%
Charging basis	–
Dividends paid	–
Bid price	102,521.00p

Fund Charges

Standard Initial charge	–
Initial charge via Bestinvest	–
Additional bid/offer spread	0.00%
Annual management charge	0.40%
Total expense ratio	0.60%
Reduction in yield (10yr)	0.60%

Bestinvest says

Chinese policy makers are expected to approve a 5-7% p.a. appreciation of the RMB vrs the USD going forward, this fund provides a low volatile means of playing this RMB appreciation story. The credit quality of fund is high and duration is low (2 yrs). The fund targets USD returns and is subsequently hedged back into £. where the fund invests in corporate bonds there is a preference for debt securities issued by western companies or established Hong Kong based institutions.

Portfolio

allianz rcm renminbi fixed income gbp hedged asset allocation illustration

Allocation		Proportion

	Equity	–
	High yield bonds	–
	Quality bonds	100%
	Property	–
	Commodities	–
	Hedge	–
	Fund cash	–

allianz rcm renminbi fixed income gbp hedged equity geographic illustration

Allocation		Proportion

	UK	–
	Europe	–
	Nth America	–
	Japan	–
	Pacific	100%
	Other Equity	–

No data available.

View all performance data for ALLIANZ RCM RENMINBI FIXED INCOME GBP HEDGED

Investment process

No information available.

The value of your investments and the income from them can go down as well as up, and you can get back less than you originally invested. Past performance or any yields quoted should not be considered reliable indicators of future returns. Before investing in funds please check the specific risk factors on the key features document or refer to our risk warning notice as some funds can be high risk or complex; they may also have risks relating to the geographical area, industry sector and/or underlying assets in which they invest. Prevailing tax rates and relief are dependent on your individual circumstances and are subject to change.

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