Important Information
Investment involves risk. Past performance is not indicative of future performance. Investor should not make any investment decision solely based on the information provided on this material. Investors should refer to the Explanatory Memorandum and the Key Facts Statement of the Sub-Fund for further details, including the product features and risk factors before making any investment decisions.
  • Bosera Greater China Enhanced Return Bond Fund (the “Sub-Fund”) is a sub-fund of the Bosera Global Public Funds Series Open-ended Fund Company (“Company”), which is a public umbrella open-ended fund company established under Hong Kong law with variable capital with limited liability and segregated liability between sub-funds. The Company has been registered with the Securities & Futures Commission (“SFC”) as an OFC and the Company and the Fund have been authorized by the SFC pursuant to section 104 of the Securities and Futures Ordinance. The SFC’s registration or authorization is not a recommendation or endorsement of the Company or the Fund nor does it guarantee the commercial merits of the Company or the Fund or its performance. It does not mean the Company or the Fund is suitable for all investors nor is it an endorsement of its suitability for any particular investor or class of investors.
  • Investors should be aware that investment in any Sub-Fund is subject to normal market fluctuations and other risks inherent in the underlying assets into which the Sub-Fund may invest. There can be no assurance that any appreciation in value of investments will occur. There is no guarantee of the repayment of principal. There is no assurance that the investment objectives of a Sub-Fund will actually be achieved, notwithstanding the efforts of the Manager since changes in political, financial, economic, social and/or legal conditions are not within the control of the Manager. Accordingly, there is a risk that investors may not recoup the original amount invested in a Sub-Fund or may lose a substantial part or all of their initial investment.
  • The Sub-Fund’s investments are concentrated in Greater China (comprising Mainland China, Hong Kong, Macau and Taiwan). This may result in greater volatility than portfolios which comprise broad-based global investments. The value of the Sub-Fund may be more susceptible to adverse economic, political, policy, foreign exchange, liquidity, tax, legal or regulatory event affecting the Greater China market.
  • The Sub-Fund is subject to risks pertaining to debt instruments, including interest rate risk, credit risk, volatility and liquidity risk, credit rating risk and risk of credit rating downgrades, valuation risk, risk of investing in debt securities which are rated below investment grade or are unrated, sovereign debt risk, risk of investing in convertible bonds, risk associated with investment in contingent convertible bonds, and “dim Sum” bond market risk.
  • The Sub-Fund’s investment in equity securities is subject to general market risks, whose value may fluctuate due to various factors, such as changes in investment sentiment, political and economic conditions and issuer-specific factors.
  • The Sub-Fund may use financial derivative instruments for investment, hedging, risk management, and efficient portfolio management purpose. The use of such derivatives exposes the Sub-Fund to additional risks. The leverage element/component of an FDI can result in a loss significantly greater than the amount invested in the derivative by the Sub-Fund. Moreover, the use of financial derivative instruments for hedging may become ineffective, and the Sub-Fund may suffer substantial loss. Exposure to derivatives may lead to a high risk of significant loss by the Sub-Fund.
  • Underlying investments of the Sub-Fund may be denominated in currencies other than the base currency of the Sub-Fund. Also, a class of Shares of the Sub-Fund may be designated in a currency other than the base currency of the Sub-Fund. The NAV of the Sub-Fund may be affected unfavourably by fluctuations in the exchange rates between these currencies and the base currency and by changes in exchange rate controls.
  • Dividends on Class A HKD – MDis and Class A USD - MDis may be distributable out of capital or effectively out of capital (i.e. where the Sub-Fund pays dividends out of gross income and charges/pays all or part of the fees and expenses to/out of capital resulting in an increase in distributable income). Payment of dividends out of capital 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 distributions involving payment of dividends out of capital or effectively out of capital may result in an immediate reduction of the NAV per Share of the relevant class. The Manager may amend its distribution policy subject to SFC’s prior approval and by giving not less than 1 month’s prior notice to Unitholders.
This material has not been reviewed by the Securities and Futures Commission.

BOSERA GREATER CHINA ENHANCED RETURN BOND FUND

We aim to achieve income and capital appreciation through primarily investing in Greater China fixed income securities traded both onshore and offshore. When the Fund has accumulated a certain income “cushion”, we seek to enhance the return through investing in Greater China focused equity securities.
FUND BROCHURE
FUND DETAILS
FUND HIGHLIGHTS

BOSERA “FIXED INCOME PLUS“ STRATEGY: CAPTURING GROWTH WHILE MANAGING RISKS IN A VOLATILE ENVIRONMENT

Global market continues to show divergence since 2020. Against the backdrop of such uncertain market environment, investors have stepped up their search for low risk products with attractive returns

“Fixed Income PLUS” is an asset allocation concept. Our product primarily invests in Greater China fixed income securities traded both onshore and offshore to build a solid foundation in delivering high risk-adjusted returns being an expert in China assets and focusing on downside protection. The “+” part invests in high-quality growth assets to increase returns after the income “cushion” has been accumulated. Both objectives of the Fund, to capture growth opportunities while mitigating downside risks effectively, complement each other.

*Source: Bosera International, as of 31 August, 2022, subject to change.

WHY INVEST IN BOSERA GREATER CHINA ENHANCED RETURN BOND FUND

Flexible Asset Allocation
In addition to the stable return gathered from investing in not less than 70% fixed Income assets, the strategy could flexibly allocate no more than 20% equity assets (convertible bonds, equity) to enhance the overall return
Enhanced Return with Controlled Volatility
To build a "safety cushion" with fixed-income assets and construct the equity portion in a disciplined manner, achieving a better balance of risk and return
Regular Monthly Payout*
(USD/HKD)
Proposed to distribute monthly dividends, annualized dividend payout rate of 4%*, helping investors seek potential income opportunities
Seek the High Risk-adjusted Return between Onshore/ Offshore Markets
Actively take advantage of the differentiators to pick up the cost-effective investment opportunities across markets
Strong Track Record
Expert in managing downside risks in a steady investment style. The manged fund has won the China Securities Journal Golden Bull Award for three times #
* Dividend rate is not guaranteed. Dividends may be paid out from the capital of the fund.
# Source: China Securities Journal, as of 31 August, 2022.

WHY INVEST IN GREATER CHINA

Supportive Macro Policies and Promising Growth Momentum

China has effectively controlled the spread of the epidemic, and its economy was the first to recover in the world. For year 2021, China’s Gross Domestic Product (“GDP”) grew by 8.1% year-on-year*, and its economic growth ranks top among the world’s major economies.

Since 2022, China has determined to prioritize “stabilize growth” and to carry out structural reforms and upgrades. A series of fiscal, financial, investment and other “growth and economic stabilization” measures were implemented, equipping market participants with strong support, amid the sluggish recovery of global economy. China’s economy continued to recover with better than expected economic data. In Q1 2022, China’s GDP grew by 4.8% year-on-year*, demonstrating strong resilience.

* Source: World Bank national accounts data, and OECD National Accounts data files.

Seeking the High Risk-adjusted Return Between the Onshore/Offshore Markets

Global market volatility has increased under the current rate hike cycle. Bosera International’s “Fixed Income PLUS” strategy allocates Greater China assets across markets, identifying the most cost-effective investment targets.

As illustrated in the chart, the US 2-year Treasury bond yield is about 3.45% currently, while the Chinese 2-year Treasury bond yield is about 2.10%. Bosera International’s “fixed income PLUS” strategy seeks attractive returns by allocating to investment-grade dollar bonds with high credit qualifications and short durations.

Source: WIND, as of 31 August, 2022.

Attractive Valuations of A-shares and
the Hang Seng Index

After the substantial correction of the global stock market this year, the P/E of China’s stock market fell even more. At present, the P/E of A-shares (CSI300) and the Hong Kong stock market (Hang Seng Index) is about 11.78 times and 9.39 times respectively, lower than the 44% and 15% percentile in the past 10 years, respectively.

Source: Bosera, WIND, Bloomberg, as of 31 August, 2022.

EXPERIENCED TEAM

Fixed Income
HE Kai, CFA (何凱)
16 Years Experience in Investment
Deputy CEO, Bosera International
Head of Fixed Income
Portfolio Manager
Bachelor in Peking University, Masters in Cambridge University and Oxford University
  • Experts in detecting market trends with steady investment style
  • Emphasizes on downside risk control while outperforming peers
  • Core strategy focuses on stable coupon income, supplemented by active trading and volatility control
  • Winner of multiple “Golden Bull” awards, “Yinghua” awards and “Star Manager” Awards
Equity
YANG Tao (楊濤)
16 Years Experience in Investment
Member of Bosera Equity Investment Committee
Head of Equity
Portfolio Manager
Bachelor in Imperial College London, Master in Oxford University
  • Manages a balanced portfolios while emphasizing on the Technology and Consumers industries
  • Invests in core positions in the long term and control short-term drawdown through adjusting individual stock exposures to outperform the reference benchmark in the long run

Extraordinary investment team with strong track record:

the fund is managed by a team of investment experts in Greater China, providing in-depth and detailed investment research and market coverage. Both fixed income and equity investment managers have remarkable track records for over 10 years.
Source: Bosera International, as of 31 August, 2022. Please note the information provided by the third-party was compiled from sources believed to be reliable, no liability for any error or omission would be borne by Bosera.

BOSERA INTERNATIONAL - LEADING MANAGER

Relying on the strong investment and research resources of the parent company Bosera Asset Management, Bosera International seizes the opportunities of global asset allocation, adheres to the concept of value investment, and bridges Global Investors with Valuable China Assets.

One of the Largest Chinese Asset Managers in HK

  • Bosera Asset Management (International) Co., Ltd. (“Bosera International”) is a wholly-owned subsidiary of Bosera Asset Management
  • Holder of HKSFC license Type 1, 4 and 9
  • The AUM of Bosera International ranks the top among its Chinese peers

Experienced Fixed Income Investment Team

  • Bosera International has the first batch of teams in China to invest in Asian USD bonds. Overseas fixed income assets under management reached USD6 billion*
  • The Head of the Fixed Income investment team, Mr. He Kai, has won the China Securities Journal Golden Bull Award three times#

Product Innovation

  • Bosera International has seized the opportunity of global asset allocation, adhered to the concept of value investment, formed a stable fixed income investment, covering a comprehensive product line such as active equity and passive index
  • Bosera International focuses on product innovation during the past ten years and actively participates in building the connection between Hong Kong and Mainland China capital markets

A Preferred Partner of Overseas Institutions When Invest in China

  • Bosera International serves a wide range of institutional clients including sovereign wealth funds, central banks, pension funds, and multinational financial institutions
  • Solid strategic & product partnership established with famous overseas institutions
* Source: Bosera, as of 31 August, 2022.
# Source: China Securities Journal, as of 31 August, 2022.

Disclaimer

The information in this material is sourced from public information. In any case, the information or opinions expressed in this material do not constitute the actual investment results of our company, nor do they constitute any investment advice to investors. Our company makes no warranty of any kind with respect to any content in this material.
The copyright of this material belongs to Bosera Asset Management (International) Co., Ltd. Without the prior written authorization of the company, no one may publish or copy the content of this material in any form, nor may it delete or modify the content of this material contrary to the original intention.
Investment is risky, please choose carefully.
BOSERA “FIXED INCOME PLUS” STRATEGY: CAPTURING GROWTH WHILE MANAGING RISKS IN A VOLATILE ENVIRONMENT WHY INVEST IN BOSERA
GREATER CHINA ENHANCED
RETURN BOND FUND WHY INVEST IN
GREATER CHINA EXPERIENCED TEAM BOSERA INTERNATIONAL -
LEADING MANAGER
FUND BROCHURE
FUND DETAILS