Income Partners manages Unconstrained Long Strategies that are authorized by the Hong Kong Securities Futures Commission (“HK SFC”).
These strategies aim to generate attractive returns through dynamic portfolio management. Portfolio duration and allocations are managed independently of market benchmarks.
*SFC authorization is not a recommendation or endorsement of a product nor does it guarantee the commercial merits of a product or its performance. It does not mean the product is suitable for all investors nor is it an endorsement of its suitability for any particular investor or class of investors.
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 |
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.
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.
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.