Important information
- The Fund aims to achieve its investment objective by investing at least 50% in debt securities (including asset-backed securities) globally, including emerging markets.
- Investments in fixed income securities are subject to interest rate, volatility, credit, sovereign and downgrade risks etc. Investments in below investment grade, unrated and/or high yielding debt instruments are subject to lower liquidity, higher volatility and greater risk of loss of principal and interest than high-rated debt securities.
- Debt instruments with loss-absorption features such as contingent convertible debt securities and senior non-preferred debts are typically subject to the risk of being written down or converted to ordinary shares upon the occurrence of pre-defined trigger events and may result in a significant or total reduction in the value of such instruments.
- The Fund invests in certain emerging markets and may be subject to liquidity, volatility, political, tax, economic and foreign exchange risks.
- The Fund may invest in financial derivative instruments. Investors should note exposure to derivatives may involve additional risks (e.g. counterparty, liquidity, volatility, leverage and over-the-counter transaction risks).
- The Fund may invest in investments denominated in currencies other than the Fund's base currency and subject to currency and exchange risk. The Fund may use derivatives to hedge currency risk. The use of derivatives may not be effective in offsetting the change in value of the currency.
- Certain share classes of the Fund may make distributions out of capital. Payment of dividends out of capital and/or effectively out of capital amounts to a return or withdrawal of part of an investor’s original investment or from any capital gains attributable to that original investment. Any such distribut ions may result in an immediate reduction of the NAV of the share class on the ex-dividend date.
- Investors should not rely solely on this material and should read the offering documents of the Fund for further details including the risk factors.
Overview
Fund description
The fund aims to provide a combination of capital growth and income based on exposure to optimal income streams in investment markets, while applying environmental, social and governance (ESG) criteria. It seeks to make these investments using an exclusionary approach, as described in the prospectus. Typically, at least 50% of the portfolio is invested in a broad range of fixed income securities of any credit quality and from any country, including emerging markets, and denominated in any currency. The fund manager selects investments wherever he sees the greatest opportunities, based on his assessment of a combination of macroeconomic, asset, sector and stock-level factors. The manager may also hold up to 20% of the portfolio in company shares when he believes they offer better value than bonds.
Key Facts
Key Documents
Historic Prices
Fund Facts
Performance
Performance information for this fund can be found in the fund factsheet.
Sustainability-Related Disclosures
Under European regulation, the Fund is considered to promote environmental and social characteristics, but it does not incorporate ESG factors as part of its key investment focus and it is not authorised by the SFC as an ESG fund. European regulation requires that investors are provided with a ‘Sustainability-Related Disclosures’ document, which provides information on the methodologies used to assess, measure, and monitor the environmental or social characteristics promoted by the fund, including its data sources, screening criteria for the underlying assets and the relevant sustainability indicators used to measure the environmental or social characteristics. This document includes important additional information cross-referred to by the Fund’s prospectus, including, for example, information on the exclusions applied by the Fund. Please note that the document does not provide an indication of current or future performance of the Fund. It is provided solely for transparency and informational purposes. Further information on how the Management Company of the Fund considers principal adverse impacts of its investment decisions can be found in the ‘PAI Statement’ document. Decisions to invest in this Fund should not be based solely on the information of these documents and investors should read the documents in conjunction with the Fund’s prospectus.