Investment highlight
1. The annual interest rate is 6.0% (A6 RMB category)
The latest annual interest rate (10 max 30max 2020) (the A6 share class is designed to pay monthly dividends. The dividend payout rate is not guaranteed and is not a criterion for the return of the fund. The fund may actually pay dividends from capital. Important hints 5)5
2. Strong performance
Ranked in the top quartile of Morningstar 1-year, 3-year and 5-year bonds
3. Diversified investment channels to enjoy cross-border opportunities
Fully invest in the Chinese market to capture better returns and growth opportunities:
Onshore RMB market (Bank of China Ltd. bond market and exchange bond market)
Offshore dim sum bond market and hard currency Chinese credit
Why invest?
The risk-adjusted return of Chinese bonds is higher than that of similar bonds.
With the increasing difficulty of obtaining returns, investors' attention has gradually shifted to fixed-rate income assets with relatively more attractive returns. Chinese bonds have not only performed strongly over the past five years, but also fluctuated below average.
Source: Bloomberg, as of the end of July 2020, for illustrative purposes only. Past performance is not an indicator of future performance. Index performance is for illustrative purposes only. Investors are not allowed to invest directly in indices. Investors should not rely on this information as research, investment advice or advice. Hedging data are calculated on a monthly rolling basis using one-month US dollars ╱ offshore RMB forward contracts. China Dollar Credit: JPMorgan Chase & Co Asian Credit Index-China; China onshore Credit: China Bond New Composite Index; Global Investment Grade Corporate Bond: Barclays Global Corporate Bond Index (dollar hedging); global high yield corporate bonds: Barclays high yield corporate bonds (dollar hedging). Emerging market dollar sovereign / semi-sovereign credit: JPMorgan Chase & Co emerging markets global multivariate bond index.
2. Chinese bonds have the potential of high yield, low correlation and increasing risk diversification.
The correlation between Chinese bonds and all kinds of risky assets is low, and the yield is relatively attractive, which can effectively disperse the existing fixed rate income position risk and help investors to manage the risk properly.
Source: Bloomberg, as of the end of July 2020. For exams only. Investment involves risk, and past performance does not guarantee future performance. China onshore Credit: China Bond Credit Index, Asian High yield Credit: JPMorgan Chase & Co Asia High yield Index, China Dollar Credit: JPMorgan Chase & Co China Credit Index, Global Investment Grade Corporate Bond (dollar hedging): Bloomberg Barclays Global Corporate Index, Global High yield Corporate Bond (dollar hedging): Bloomberg Barclays Global High yield Corporate Index Emerging markets dollar sovereign ╱ semi-sovereign bonds: JPMorgan Chase & Co emerging market bond index, emerging market local currency bonds: JPMorgan Chase & Co global bond emerging markets index, US stocks: s & P 500 index, Asian stocks: MSCI Asia (excluding Japan) index. The word "performance" is for quizzes only. Investors cannot invest directly in finger trading.
Fund performance (RMB) (%)6
Top Ten Investment
Fund investment share (%)
Fund information
Investment target
Chinese bond funds aim to maximize total returns. Through approved mechanisms, including but not limited to the Bank of China Ltd. inter-market bond market, the over-the-counter bond market, the quota system and ╱ or through onshore or offshore issuance and ╱ or any future development channels, the Fund invests not less than 70 per cent of its total assets in fixed-rate transferable securities issued by entities engaged in most of the economic activities in China and denominated in RMB or other non-Chinese local currencies. The fund is a RQFII linked fund and an interbank bond market fund, which can be invested in China through the RQFII quota and in the Bank of China Ltd. inter-bank bond market through overseas investment plans and through ╱ or Bond Link and ╱ or other ways that may be allowed by the relevant regulations from time to time, without setting a limit.
Unless otherwise specified, all fund information is only applicable to the A2 RMB share class as of the end of October 2020.
1 Source: Morningstar, until the end of October 2020. Similar funds refer to funds approved by the Hong Kong Securities and Futures Commission (SFC) in the Morningstar Asian Bond category. The average performance of similar funds refers to the average cumulative return of similar funds. Approval by the SFC does not mean official recommendation.
The fund performance evaluation of the 2Refinitiv2020 Lipper Fund Annual Award ends on December 31, 2019.
3 Source: "Finance" benchmark Research Award, November 2020. The ranking of the best investors in Asia's G3 bonds is based on analysts, economists, strategists, salespeople and traders.
4 Source: "Finance" benchmark Research Award, November 2020. The ranking of wise investors in Asian G3 bonds is based on analysts, economists, strategists, salespeople and traders, based on professional research and understanding of credit and markets, flexible and effective trading skills and the sharpness of investment decisions.
5 Source: Blackrock, up to the end of October 2020. A3 (G) share class dividend ratio = (dividend ╱ (the total number of days from the last calculated month de-dividend date to the calculated month de-dividend date) x the number of days of the year ╱ net asset value on the de-dividend date) x100. A6 share class annual interest rate = (net asset value of dividend ╱ de-dividend date) * (120.100). Establishment date: A6 RMB share Class: November 11, 2011; dividend yield is not guaranteed and is not a criterion for fund return. Past performance is not a guide to future performance. The investor may not be able to get back all the principal of the investment.
6 the income will be reinvested on the basis of asset net value to asset net value calculated in the currency of the share class by the end of October 2020. Fees have been deducted from the calculation of share class performance data. The performance is calculated in the denominated currency of the relevant share class, including ongoing charges and taxes, but excluding subscription and redemption fees (if applicable). Past performance is not a guide to future performance. The investor may not be able to get back all the principal of the investment. The regulations on the Management of domestic Securities and Futures Investment funds for Foreign Institutional investors was implemented on June 6, 2020 to simplify the management requirements for domestic securities and futures investment funds of foreign institutional investors. Please refer to the official government website for details. Source: Blackrock and Morningstar. The performance of the above fund is for reference only and does not constitute an offer or invitation to any person to invest in any Blackrock fund, nor is it prepared as a result of any such offer. Blackrock Global Fund is an open-end investment company in Luxembourg and can only be sold in a number of jurisdictions. Blackrock Global Fund may not be sold within the United States or to Americans. Product materials related to Blackrock Global Fund shall not be published in the United States. Investment involves risks. Past performance does not represent future performance. There is no guarantee that fund prices and their returns can rise or fall. The value of investment may also be affected by the exchange rate. Investors may not be able to get back the original amount of investment. Individual stock prices do not represent the return of the Fund. The investment income is calculated in the trading currency of the class of shares of the fund, which may be in overseas currencies. As a result, investors investing in US dollar ╱ Hong Kong dollars are exposed to the risk of fluctuations in the exchange rate of US dollar ╱ Hong Kong dollar ╱ overseas currencies. Individual stock prices do not represent the return of the Fund. All the analyses in the document were obtained by Blackrock for his own purposes and may act accordingly, and any research findings obtained are only accidental. The views expressed herein do not constitute an investment or any other proposal and may be modified. The relevant views do not necessarily reflect the opinions of any company under the Blackrock Group or part of them, and do not guarantee their accuracy. For Hong Kong investors, please refer to the Blackrock Global Fund prospectus, including the risk component. The issuer of this information: Blackrock Asset Management North Asia Co., Ltd. This information and Blackrock website (http://www.blackrock.com/hk)) have not been reviewed by the Securities and Futures Commission of Hong Kong. The opinions expressed in this document only reflect our judgment on the date of compilation of the material and may be changed at any time. BlackRock ®is BlackRock, A registered trademark of Inc., or its subsidiaries in the United States and elsewhere. All other trade marks, service marks or registered trademarks are owned by the owner.
Data sources: Tudor and Morningstar. It is shown that as of the end of April 2020, the income will be reinvested on the basis of the stock category and calculated on the basis of asset value to asset value. The calculation of the data of the stock category has been deducted from the expense.
The table is calculated on the basis of the calculated values of the relevant share categories, including the collection and charges of continuous levy, but excluding charges and recycling (if used). The above fund is intended for reference and does not constitute an agreement or invitation for anyone to invest in any moral integrity fund, nor is it provided as a result of any relevant agreement. The Chartered Global Fund is an open investment company in Heisenberg and can only be sold in a number of jurisdictions. The GlobalFund may not be sold within the territory of the United States or to the American people. It is not allowed to develop product data related to the GlobalFund in the United States. Investing involves a lot of money. Past operating records do not represent recent indications that the size of the fund and its income can rise or fall, and there is no guarantee. The value of the investment may also be affected by the rate. Investors may not be able to get back the original investment funds. The investment income is calculated on the basis of the type of transaction of the fund shares, which may be overseas investment. As a result, investors who invest in US dollar ╱ Hong Kong dollars are subject to fluctuations in the overseas turnover rate of US dollar ╱ Hong Kong dollar ╱. The stock price does not represent the return of the fund. For investors in Hong Kong who want to know more about the situation, please check the articles of association of the Tak Global Fund, including the financial component. The issuer of this data: Jingde property Management North Korea Co., Ltd. This information and http://www.blackrock.com/hk have not been approved by the Hong Kong Securities and Futures Supervision Committee. The intention expressed in this document only reflects my judgment on the date of editing the material and may be changed from time to time. BlackRock ®is an advisor to BlackRock, Inc., or its affiliated companies in the United States and elsewhere. All other dealers, service marks or dealers are owned by the owner.
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