Important Information

  1. Please note that Income Partners Renminbi Money Market Fund has been terminated with effective date 22 March 2019. There will be no price issued for this fund going forward.
    A termination audit for the period of 1 Jan 2018 to 22 March 2019 will be made available in due time (on this website) and it will also be made available electronically from the Manager and Trustee.

    Income Partners Renminbi Money Market Fund (the “Fund”) seeks to achieve consistent return with daily liquidity by primarily investing (not less than 70% of its net asset value) in RMB-denominated and settled certificate of deposits, short-term bank deposits, notes and debt securities issued outside the PRC.
  2. Investors should be aware that the Fund is not subject to the supervision of the Hong Kong Monetary Authority and that subscribing for units in the Fund is not the same as placing monies on deposit with a bank or deposit-taking company.
  3. Renminbi is currently not freely convertible and is subject to exchange controls and repatriation restrictions. There is no guarantee that Renminbi will not depreciate. Exchange rates used for unit classes denominated in Renminbi is the offshore Renminbi (CNH) rate, which could differ perhaps significantly from the onshore Renminbi (CNY) rate due to a number of factors. The value of the Fund which is calculated using CNH rate will be affected and subject to fluctuation accordingly.
  4. There may be a limited pool of Renminbi instruments issued or distributed outside mainland China available for investment, and the Fund may have to allocate a significant portion of its portfolio in Renminbi negotiated term deposits until suitable securities are available in the market. This may adversely affect the Fund’s returns.
  5. The Fund may invest in financial derivative instruments for hedging purpose. There is no guarantee that the hedging techniques will be effective.
  6. The Fund is also exposed to other risks including but not limited to China market risk, liquidity risk, counterparty risk, interest rate risk, valuation risk, credit rating downgrading risk and risk associated with bank deposits and short-term debt securities.
  7. Investment involves risk. Past performance is not a guarantee or a reliable indicator of future results and no guarantee is being made that similar returns will be achieved in the future.
  8. In making investment decisions, investors should not rely solely on the information in this website and should read the offering document of the Fund for further details including the risk factors.

Income Partners Renminbi Money Market Fund

Key Features

Quick Facts

FUND SIZE (AUM)
RMB20 million as of end Mar 2019
MINIMUM INVESTMENT
Class 2A : RMB 10,000
Class 2B : USD 1,000
Class 2C : HKD 10,000
FEES & EXPENSES
Please refer to offering document for details
  • The Fund seeks to achieve consistent return with daily liquidity, by primarily investing in RMB-denominated and settled certificate of deposits, short-term bank deposits, notes and debt securities issued outside the PRC.
  • The Fund offers daily liquidity.
  • The Fund has a short average duration of not exceeding 90 days.
Summary Terms
Inception Date 30 January 2015
Share Class Class 2A (RMB)
Class 2B (USD)
Class 2C (HKD)
Minimum Investment Class 2A : RMB 10,000
Class 2B : USD 1,000
Class 2C : HKD 10,000
Dealing Frequency Daily
Investment Manager Income Partners Asset Management (HK) Limited
Trustee Cititrust Limited
Custodian & Administrator Citibank N.A., Hong Kong Branch
Transfer Agent Citicorp Financial Services Limited
Auditor PricewaterhouseCoopers
Legal Advisors Akin Gump Strauss Hauer & Feld
ISIN Class 2A (RMB) HK0000358181
Class 2B (USD) HK0000358199
Class 2C (HKD) HK0000358207
Domicile Hong Kong
Monthly Reports
Mar 2019 DL
Feb 2019 DL
Jan 2019 DL
Fund Documents
Product Key Facts Statement DL
Explanatory Memorandum DL
Notice to Unitholders - 30 Apr 2019 DL
Notice to Unitholders - 21 Feb 2019 DL
Notice to Unitholders - 16 Nov 2018 DL
Notice to Unitholders - 31 Aug 2018 DL
Notice to Unitholders - 30 Nov 2017 DL
Notice to Unitholders - 15 Aug 2017 DL
Annual Report 2018/2019 (Termination) DL
Interim Report 2018 DL
Annual Report 2017 DL
^ SFC authorization is not a recommendation or endorsement of a scheme nor does it guarantee the commercial merits of a scheme of its performance. It does not mean the scheme is suitable for all investors nor is it an endorsement of its suitability for any particular investor or class of investors.

Please note that Income Partners Renminbi Money Market Fund has been terminated with effective date 22 March 2019. There will be no price issued for this fund going forward.
A termination audit for the period of 1 Jan 2018 to 22 March 2019 will be made available in due time (on this website) and it will also be made available electronically from the Manager and Trustee.

Monthly reports and offering documents of the Fund can be downloaded at www.fundinfo.com

This webpage is issued by Income Partners Asset Management (HK) Ltd. and has not been reviewed by Hong Kong Securities and Futures Commission. This webpage only provides a summary and may be incomplete or incomprehensive. Accordingly, the information is qualified in its entirety by the terms applicable to the Fund as set out in its constitutive and offering documents (“Fund Documents”), and should be read together with such Fund Documents. This page is for informational purpose only and should not be considered as investment advice or a recommendation of any particular security, strategy or investment product. There is no guarantee that these investment strategies will work under all market conditions or are suitable for all investors and each investor should evaluate their ability to invest long-term, especially during periods of downturn in the market. The representative of the Fund in Switzerland is Hugo Fund Services SA, 6 Cours de Rive, 1204 Geneva. The distribution of units/shares in Switzerland must exclusively be made to qualified investors. The place of performance and jurisdiction for units/shares in the Fund distributed in Switzerland are at the registered office of the Representative.
MONTHLY PERFORMANCE: CLASS 2A RMB (%)^
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec YTD
2019 -0.14 -0.23 -0.08 -0.44
2018 0.16 0.09 0.09 0.11 0.10 0.09 0.09 0.07 0.07 0.08 0.05 -0.02 0.98
2017 0.27 0.12 0.09 0.05 0.10 0.10 0.04 0.02 0.07 0.11 0.10 0.12 1.18
2016 0.19 0.19 0.18 0.10 0.06 0.03 0.07 0.06 0.16 0.11 0.12 0.16 1.44
2015 0.26 0.36 0.32 0.29 0.18 0.17 0.16 0.15 0.17 0.17 0.19 2.42
CUMULATIVE PERFORMANCE (%)
As of 22 Mar 2019 YTD 1 Month 3 Months 6 Months 1 Year Since Inception#
2A (RMB) -0.44 -0.08 -0.44 -0.34 0.19 1.34
2B (USD) 2.15 -0.43 2.15 2.27 -6.13 -0.93
2C (HKD) 2.33 -0.47 2.33 2.53 -6.15 -0.62
CALENDAR YEAR PERFORMANCE (%)
2015* 2016 2017 2018 Inception Date
2A (RMB) 2.42 1.44 1.18 0.98 30 Jan 2015
2B (USD) -4.68 -4.20 8.16 -4.35 1 Jun 2015
2C (HKD) -4.71 -4.13 9.02 -4.16 1 Jun 2015
Source: Income Partners Asset Management (HK) Ltd.

YTD stands for year-to-date.
^ Class 2A (RMB) is currently the Sub-Fund’s largest unit class offered to the public in Hong Kong, which is viewed as the most appropriate representative share class. Returns are based on RMB currency (base currency). Fund performance is calculated on NAV to NAV basis in denominated currency. USD/HKD-based investors are therefore exposed to foreign exchange fluctuations.
# Since inception performance figures are annualized.
* The calendar performance figures are calculated from share class launch date to calendar year-end.

This webpage is issued by Income Partners Asset Management (HK) Ltd. and has not been reviewed by Hong Kong Securities and Futures Commission. This webpage only provides a summary and may be incomplete or incomprehensive. Accordingly, the information is qualified in its entirety by the terms applicable to the Fund as set out in its constitutive and offering documents (“Fund Documents”), and should be read together with such Fund Documents. This page is for informational purpose only and should not be considered as investment advice or a recommendation of any particular security, strategy or investment product. There is no guarantee that these investment strategies will work under all market conditions or are suitable for all investors and each investor should evaluate their ability to invest long-term, especially during periods of downturn in the market. The representative of the Fund in Switzerland is Hugo Fund Services SA, 6 Cours de Rive, 1204 Geneva. The distribution of units/shares in Switzerland must exclusively be made to qualified investors. The place of performance and jurisdiction for units/shares in the Fund distributed in Switzerland are at the registered office of the Representative.

Legal Information for investors of Hong Kong

The issuer of this website is Income Partners Asset Management (HK) Limited. Income Partners Asset Management (HK) Limited, its affiliates or subsidiaries (hereinafter collectively "Income Partners") assume no responsibility for the financial or other consequences arising from the subscription or purchase of the securities described in this website. The information contained in this section of the website is not intended as an offer to sell securities or a solicitation to buy fund(s) managed or advised by Income Partners Asset Management (HK) Limited (“Income Partners funds”). It aims to provide general information on Income Partners funds that have been authorized for retail sale in Hong Kong and are available for investment and purchase in Hong Kong. This site is not directed to individuals or organizations for whom such offer or invitation would be unlawful or prohibited. The fund(s) referred to in this section of the website is/are authorized by the Securities and Futures Commission (“SFC”) for sale to the public in Hong Kong. SFC authorization is not an official recommendation or endorsement of a scheme nor does it guarantee the commercial merits or its performance. It does not mean that a scheme is suitable for investors nor it is an endorsement of its suitability for any particular investor or class of investors. The material contained in this website has not been reviewed by the SFC. The information presented in this website is based, among other things, on market data at a given time, that is therefore subject to market changes and may change from time to time. Although Income Partners reasonably believes that the third party information contained in this website is accurate, complete and up-to-date, no guarantee beyond what Income Partners reasonably believes is accurate, complete and up-to-date is made as to the accuracy, completeness or reliability of information provided by third parties.This website does not collect personal information. "Cookies" may be stored on your computer for easy navigation. A "cookie" does not allow us to identify you, but stores information about navigation through our website (such as pages already visited, time and date of visit) which we can remember during the user's next visit to our website in order to improve your browsing experience. By clicking on this “Accept” button, you acknowledge and agree to the terms and conditions above. You undertake to access the information contained in this web site for your personal use and not for commercial use.

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