Important Information

      I. Value Partners Asian Total Return Bond Fund (the “Fund”) primarily invests in fixed income securities issued by any Asia Pacific governments, government agencies, supranationals, banks or companies which derive substantial revenue from or have significant business or economic activities in Asia Pacific or are denominated in any Asia Pacific currency.
      II. The Fund primarily invests in the Asia Pacific markets and therefore is subject to emerging market and concentration risks. Generally, investments in emerging markets are more volatile than investments in developed markets due to additional risks relating to political, social, economic and regulatory uncertainty. Adverse development in such region may affect the value of the underlying securities in which the Fund invests.
      III. The Fund may also invest in PRC interbank bond market via Bond Connect and is therefore subject to regulatory risks and various risks such as volatility risk, liquidity risk, settlement and counterparty risk. The relevant rules and regulations on investment in the PRC interbank bond market via Bond Connect are subject to change and may adversely impact the Fund.
      IV. The Fund may invest in high yielding securities which may be unrated or below investment grade and financial derivative instruments. The Fund is therefore exposed to additional risks, including volatility risk, valuation risk, leverage risk, liquidity risk, correlation risk, counterparty/ credit risk, legal risk, over-the-counter transaction risk and settlement risk.
      V. In respect of the distribution shares for the Fund, the Manager currently intends to make monthly dividend distribution. However, the distribution rate is not guaranteed. Distribution yield is not indicative of the return of the Fund. Distribution may be paid from capital of the Fund. Investors should note that where the payment of distributions are paid out of capital, this represents and amounts to a return or withdrawal of part of the amount you originally invested or capital gains attributable to that and may result in an immediate decrease of the net asset value per share of the Fund.
      VI. You should not make investment decision on the basis of this marketing material alone. Please read the explanatory memorandum for details and risk factors.
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Total return strategy
to fully capture the growth potential of Asian bonds
Provide share classes with monthly payouts of around
5%1 p.a.

(Aims to make monthly dividend distributions. Actual dividend payouts are not guaranteed and dividends may be paid out of the capital of the Fund.) Please refer to Important Information V
Pro-active asset-allocation model
that nimbly switches between High Yield and Investment Grade in pursuit of the best returns
Why invest in Value Partners Asian Total Return Bond Fund?
Experience Asian bonds' premium all-weather returns

  • Tap into the potential of the Asian bond market, which is on its way to becoming one of the largest global markets (US$1 trillion). China's increasingly dominant role is reflected in over 60% share in new issuance
Asia's credit market – A synonym for strong growth and returns
Source: JP Morgan (for market value), Bloomberg (for index performance), as at 31 December 2019. Performance is represented by J.P. Morgan Asia Credit Index Core Index.
Create best income and total return opportunities

  • While delivering relatively stable yields, Asian investment grade bonds have a low correlation to the equity market. Compared to developed countries, Asian high yield bonds have wider credit spreads, higher growth potential, and can generate alpha for the portfolio
Asian bonds offer more attractive valuations
Source: Bloomberg, as at 31 August 2020. China Investment Grade: ICE BofA Asian Dollar Corp IG China Issuers Index; Asia Investment Grade: ICE BofA Asian Dollar Investment Grade Index; US Investment Grade: ICE BofA US Corporate & Government Index; Europe Investment Grade: ICE BofA Euro-Sterling Index; China High Yield: ICE BofA Asian Dollar Corp High Yield China Issuers Index; Asia High Yield: ICE BofA Asian Dollar Corp High Yield Index; US High Yield: ICE BofA US High Yield Master Index; Europe High Yield: ICE BofA Euro High Yield Index.
Allocate to Asian bond opportunities

  • For diversification purposes, when opportunities arise, the Fund is able to adopt a tactical allocation to non-Asian bonds
Strategic and tactical allocation optimizes investment value
For more details, please contact your bank or investment consultant. You may also contact our Fund Investor Services Team.

Hotline: +852 2143 0608
Email: hkenquiry@vp.com.hk
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1. For Class A USD MDis, as at 31 July 2020. The manager intends to declare and pay monthly dividends equal to all or substantially all of the net income attributable to each of the Distribution Classes. However, there is neither a guarantee that such dividends will be made nor will there be a target level of dividend payout. No dividends will be paid with respect to the Accumulation Classes. Distribution may be paid from capital of the Fund. Investors should note that where the payment of distributions are paid out of capital, this represents and amounts to a return or withdrawal of part of the amount that have been originally invested or capital gains attributable to that and may result in an immediate decrease in the value of units. Please refer to the Explanatory Memorandum for further details including the distribution policy. Annualized yield of MDis Class is calculated as follows: (Latest dividend amount/NAV as at ex-dividend date) x 12. Investors should note that yield figures are estimated and for reference only and do not represent the performance of the Fund, and that there is no guarantee as to the actual frequency and/or amount of dividend payments.
The views expressed are the views of Value Partners Limited only and are subject to change based on market and other conditions. The information provided does not constitute investment advice and it should not be relied on as such. All materials have been obtained from sources believed to be reliable, but its accuracy is not guaranteed. This material contains certain statements that may be deemed forward-looking statements. Please note that any such statements are not guarantees of any future performance and actual results or developments may differ materially from those projected. Investors should note investment involves risk. The price of units may go down as well as up and past performance is not indicative of future results. Investors should read the explanatory memorandum for details and risk factors in particular those associated with investment in emerging markets. Investors should seek advice from a financial adviser before making any investment. In the event that you choose not to do so, you should consider whether the investment selected is suitable for you. The website has not been reviewed by the Securities and Futures Commission of Hong Kong. Issuer: Value Partners Hong Kong Limited.