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Bosera RMB Bond Fund(Liquidating)

Important Notice
  • The Bosera RMB Bond Fund (the “Sub-Fund”) is a sub-fund of Bosera Investment Funds which is a unit trust established by a trust deed (the “Trust Deed”) dated 5 January 2012 as an umbrella fund under the laws of Hong Kong.
  • The Sub-Fund invests all of its assets in RMB-denominated fixed income securities issued within the PRC (which, for the purposes of interpretation only, excludes Hong Kong, Macau and Taiwan). All investments of the Sub-Fund will be onshore investments in the PRC and will be denominated and settled in RMB. Subscription moneys and redemption proceeds must be paid in RMB.
  • The Sub-Fund will invest directly in the PRC’s domestic securities markets through the Manager’s status as a renminbi qualified foreign institutional investor (“RQFII”), utilising RQFII quota granted to the Manager pursuant to the RQFII regulations.
  • Investors converting a local currency (HK dollar) to take up units of the Fund are exposed to fluctuations in the Renminbi exchange rate, as well as exposure to China's exchange controls and restrictions.
  • The Fund is subject to risks pertaining to fixed-income instruments, including interest rate risk, issuer credit risk and liquidity risk.
  • Any increase in interest rates or changes in macro-economic policies in the PRC may adversely impact the value of the Fund's fixed income portfolio.
  • Fixed income instruments are subject to the credit risk of the issuers which may be unable or unwilling to make timely payments of principal and/or interest.
  • The RQFII policy and rules are new and there may be uncertainty to its implementation and such policy and rules are subject to change.
  • Investors should make sure the intermediary has explained to you that the Fund is suitable to you before investing.
  • Investors should not invest in the Fund solely based on this material.
  • There are risks and uncertainties associated with the current Chinese tax laws, regulations and practice in respect of capital gains realised by RQFIIs on its investments in the PRC (which may have retrospective effect). After careful consideration of the Manager’s assessment and having taken and considered independent professional tax advice regarding the Sub-Fund’s eligibility to benefit from the Arrangement between the Mainland of China and the Hong Kong Special Administrative Region for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income (the “China-HK Arrangement”), the Manager considers, in accordance with such advice, that the Sub-Fund should be able to enjoy a PRC withholding income tax exemption on capital gains derived from disposal of debt instruments issued by the PRC government or PRC corporations and has determined to change the tax provisioning approach in respect of the Sub-Fund effective from 21 July 2014 so that it does not make any withholding income tax provision for the account of the Sub-Fund in respect of the gross realised and unrealised capital gains derived from the disposal of debt instruments issued by the PRC government or PRC corporations.
  • Dividends on Class A Units 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 Class A Unit. 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.
  • FUND INFORMATION
  • PERFORMANCE
  • PORTFOLIO
  • DISTRIBUTION
  • FUND LITERATURE
  • DISTRIBUTORS
  • FUND NEWS
KEY INFORMATION
Under terminating
Fund manager
Bosera Asset Management (International) Co., Limited.
Launch date
20 February 2012
Base currency
RMB
Subscription fee
Up to 3.00%
Management fee
Class A Units: 1.00% p.a.
Class I Units: 0.75% p.a.
Min. initial investment
Class A Units: RMB 10,000
Class I Units: RMB 10,000,000
Min. additional investment
Class A Units: RMB10,000
Class I Units: RMB10,000
Distribution frequency
semi-annual (if any) Class A units only.
FUND OBJECTIVE
The investment objective is to seek long-term interest income and capital appreciation through investing all of its assets in RMB-denominated fixed income securities issued within PRC.
SHARE CLASS DETAIL
TypeISINBloomberg Ticker
Class ADistributionHK0000100120BOSRMBB HK
Type
Class ADistribution

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  • (852)2537 6658
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