- The Fund aims at long term income and capital growth by investing in a broad range of asset classes, in particular in global equity and global bond markets.
- The Fund is exposed to significant risks of investment/general market, asset allocation, company-specific, emerging market, geographical concentration, creditworthiness/credit rating/downgrading, interest rate, default, valuation, volatility and liquidity, currency (such as exchange controls, in particular RMB), and the adverse impact on RMB share classes due to currency depreciation.
- The Fund may invest in high-yield (non-investment grade and unrated) investments and convertible bonds which may subject to higher risks, such as volatility, loss of principal and interest, creditworthiness and downgrading, default, interest rate, general market and liquidity risks and therefore may adversely impact the net asset value of the Fund. Convertibles bonds may also expose to risks such as prepayment, equity movement, and greater volatility than straight bond investments.
- The Fund may invest in financial derivative instruments (“FDI”) which may expose to higher leverage, counterparty, liquidity, valuation, volatility, market and over the counter transaction risks. The Fund’s net derivative exposure may be up to 50% of the Fund’s net asset value.
- This investment may involve risks that could result in loss of part or entire amount of investors’ investment.
- In making investment decisions, investors should not rely solely on this material.
Global Equities:
On a relative valuation basis, non-US equities appear inexpensive compared to US equities
Global Convertible Securities:
An asymmetric risk/reward return profile – potential for upside participation and lesser downside risk
Global High-Yield Corporate Bonds:
Competitive total return potential and a high coupon to cushion bond price volatility
Global Investment Grade Corporate Bonds:
Stable income with limited default risk
Morningstar. Data as of June 2025. HY – ICE BofA Global High Yield Index (Local); CB – ICE BofA Global 300 Convertible Index; EQ – MSCI World NR Index; IG – ICE BofA Global Corporate Index. Past performance does not predict future returns.