Amundi Funds
Bond Global Emerging Local Currency
1 . This is a bond fund.
2 . Investing in this fund may expose investors to interest rate, credit, prepayment and exchange risks. The use of financial derivative instruments for hedging and efficient portfolio management purposes may
lead to exposure to credit risk of the issuer. The fund may also be exposed to liquidity and developing countries risks.
3 . The investment focus of the fund might give rise to increased risk over more diversified funds.
4 . The value of the fund can be extremely volatile and could go down substantially within a short period of time. It is possible that your investment value could suffer substantial loss.
5 . The investment decision is yours, but you should not invest in the product unless the intermediary who sells it to you has advised you that the product is suitable for you and explained why including how
buying it would be consistent with your investment objective.
Performance from 31/05/10 - 31/05/15
May 2015
Investment objective:
To outperform the "JPM GBI-EM Global
Diversified (USD) unhedged" index over an
investment horizon of at least three years
after taking into account charges.
To achieve this objective, the fund will aim to
capture interest income, capital appreciation
and currency gains by investing at least two
thirds of the assets in bonds denominated in
local or foreign currencies in any ratings:
(i) Issued or guaranteed by governments or
government agencies of developing
countries, or
(ii) Issued by corporate issuers of developing
countries.
Benchmark:
JPM GBI-EM Global Diversified (USD)
unhedged
Cumulative performance
Portfolio
Benchmark
3 months
-4.61%
-2.72%
YTD
-4.38%
-3.71%
1 year
-14.02%
-13.49%
3 years
-9.11%
-4.79%
5 years
-0.47%
6.46%
10 years
42.61%
58.10%
2013
-10.23%
-8.98%
2014
-6.90%
-5.72%
All performance figures are calculated in USD based on NAV to NAV with dividend reinvested.
Calendar year performance
Key data
Fund manager
Sergei Strigo
Fund size
USD 203.40mn
NAV per unit
USD 23.36
Class
A2U
Fund launch date
4 Aug 1993
Fund currency
USD
Unit class
Acc.Shs / Dis. Shs
ISIN code Acc. Shs
LU0839536678
ISIN code Dis. Shs
LU0839536918
Subscription fee
4.50% max.
Redemption fee
None
Switching fee
1.00% max.
Management fee
1.50% p.a. max.
Dealing date
Daily
Orders executed on forward pricing
Bloomberg ticker
AMGACUA LX
(Acc. Shs)
NAV publication
South China Morning Post
Hong Kong Economic Journal
All information is as of 31 May 2015
unless otherwise specified.
For more information, please visit us at
www.amundi.com/hkg
Portfolio
Benchmark
2010
18.16%
16.29%
2011
-7.16%
-1.75%
2012
18.01%
16.76%
All performance figures are calculated in USD based on NAV to NAV with dividend reinvested.
Top 10 debt securities
Mexico 10% Dec24
Brazil 10% Jan21
Turkey 8.5% Jul19
Colombia 10% Jul24
Poland 5.75% Sep22
Indonesia 5.625% May23
Malaysia 3.955% Sep25
Poland 2.5% Jul18
Serbia 10% Feb22
South Africa 7% Feb31
9.77%
8.48%
6.12%
5.59%
5.33%
3.80%
3.66%
3.55%
3.49%
3.32%
Risk indicators (over a 3-year period)
Annualised volatility
Tracking error
Information ratio
Sharpe ratio
Portfolio modified duration
Benchmark modified duration
10.79%
2.63%
-0.57
-0.30
4.10
4.92
Modified duration follows the knowledge that interest rates and
bond prices move in opposite directions. This measure is used
to determine the effect a 1 percent change in interest rates will
have the price of a bond. These indicators are expressed in
modified duration units.
Source of statistical information: Amundi
All statistical information calculations are based on NAV.
Changes that may impact Fund performance: Effective 3 November 2014, the investment objective and policy of the Sub-Fund was modified. Effective 12 February 2013, holdings of Hong Kong sharesholders in the AU Class of the Fund were
automatically converted into share class A2U, which replicated the fee and costs structure applied in AU Class at that time. Prior to 12 February 2013, the performance of A2U share class of Amundi Funds Bond Global Emerging is that of AU share class
of the Sub-Fund. The AU share class is not authorized by the Commission in Hong Kong and not available to the public of Hong Kong. Effective 24 June 2011, Amundi Funds Asian Income was merged into Amundi Funds Emerging Markets Debt
(renamed to Amundi Funds Bond Global Emerging as from 24 June 2011). Prior to 24 June 2011, the performance of the Sub-Fund is that of Amundi Funds Emerging Markets Debt.
Effective 13 March 2015, Amundi Funds Bond Global Emerging has changed name to Amundi Funds Bond Global Emerging Global Currency. Effective 24 June 2011, Amundi Funds Emerging Markets Debt has changed name to Amundi Funds Bond
Global Emerging.
The issuer of this document is Amundi Hong Kong Limited. This document and the mentioned website have not been reviewed by the Securities and Futures Commission in Hong Kong (the “SFC”). Investors should not only base on this document alone
to make investment decisions. Investment involves risk. The past performance information of the market, manager and investments and any forecasts on the economy, stock market, bond market or the economic trends of the markets which are targeted
by the fund(s) are not indicative of future performance. Investment returns not denominated in HKD or USD is exposed to exchange rate fluctuations. The value of an investment may go down or up. The offering document(s) should be read for further
details including the risk factors. The fund(s) may use financial derivatives instruments as part of the investment strategy and invest in securities of emerging markets or smaller companies, or fixed-income securities. This involves significant risks and is
usually more sensitive to price movements. The volatility of fund prices may be relatively increased. Issuers of fixed-income securities may default on its obligation and the fund(s) will not recover its investment. Additional risk factors are described in the
offering document(s). Investors are advised to be aware of any new risks that may have emerged in the prevailing market circumstances before subscribing the fund(s).
This document is not intended for citizens or residents of the United States of America or to any «U.S. Person» , as this term is defined in SEC Regulation S under the U.S. Securities Act of 1933 and in the Prospectus of the Fund.
ֱࣟႪ෻ߓ٨ഗ८
ᄅᘋؑ໱‫ء‬ኞ႘ࠦഗ८
1 . ‫ء‬ഗ८᥆࣍႘ࠦഗ८Ζ
2 . ‫ދ‬ᇷ‫ءڇ‬ഗ८ࢨᄎࢭ࠹‫ܓ‬෷Εॾ၊Εቃ‫֗ב‬Ⴊ‫܋‬ऱଅᙠΖሎ‫ش‬८ᘜ૜‫س‬ՠࠠ‫א‬ሒࠩኙ‫֗ޱ‬೏ய෷ጥ෻‫ދ‬ᇷิ‫ٽ‬հ‫ؾ‬ऱࢨ‫ױ‬౨Ꮑ૞ࢭ࠹࿇۩೸ऱॾ၊ଅᙠΖ‫ء‬ഗ८ࢨ‫ױ‬౨ࢭ࠹ੌ೯ࢤ֗࿇୶խഏ୮ऱଅᙠΖ
3 . ഗ८ऱ‫ދ‬ᇷྡྷរ‫֧ױ‬ીᇠഗ८ઌኙ࣍ለ੡։ཋ‫ދ‬ᇷऱഗ८հଅᙠለՕΖ
4 . ‫ء‬ഗ८ऱᏝଖ‫ױ‬౨ᄎॺൄं೯Δ‫ױ׊‬౨‫ڇ‬࿍ழၴփՕ༏ՀၓΔ‫ދח‬ᇷृ፞࠹ૹՕჾ؈Ζ
5 . ຍਢ൞ଡԳऱ‫ދ‬ᇷެࡳΔೈॺංտᇠ‫ދ‬ᇷข঴࿯൞ऱ᥽ംբਐ‫נ‬ᇠข঴ᔞ‫ٽ‬൞‫ء‬Գ֗բ‫ٻ‬൞ᎅࣔᇠข঴‫ڕ‬۶ฤ‫ٽ‬൞ऱ‫ދ‬ᇷ‫ؾ‬ᑑΔ‫ܡ‬ঞ൞լᚨ‫ދ‬ᇷ࣍ᇠข঴Ζ
2015
।෼‫ ط‬31/05/10 - 31/05/15
‫ڣ‬5ִ
‫ދ‬ᇷ‫ؾ‬ᑑΚ
‫֟۟ڇ‬Կ‫ڣ‬ऱ‫ދ‬ᇷཚփΔ‫ڬڇ‬ೈ၄‫ش‬հ৵࠷൓
ᚌ။࣍!ψ!KQN!HCJ.FN!Hmpcbm!Ejwfstjgjfe!
)VTE* voifehfeωਐᑇऱ।෼Ζ
㻽Աሒࠩ‫ؾڼ‬ᑑΔ‫ء‬ഗ८ലຘመലࠡ۟֟Կ։
հԲᇷข‫ދ‬ᇷ࣍Հ٨‫چءא‬ຄኞࢨ؆ኞૠଖऱ
ٚ۶ေ్ऱ႘ࠦΔ‫ڇڱ‬஢஦‫ܓ‬ஒ‫گ‬ԵΕᇷ‫ء‬ᏺ
ଖ֗ຄኞ‫گ‬墿Κ
)j* ‫ط‬࿇୶խഏ୮ऱਙࢌࢨਙࢌᖲዌ࿇۩ࢨᖜ
!!!!অऱ႘ࠦΔࢨ
)jj*‫ط‬࿇୶խഏ୮ऱֆ‫׹‬࿇۩Գ࿇۩ऱ႘ࠦΖ
ਐᑇ
Κ
JPM GBI-EM Global Diversified (USD)
unhedged
ีᗨ।෼
ഗ८
3ଡִ
-4.61%
‫۟ॣڣ‬վ
-4.38%
1‫ڣ‬
-14.02%
3‫ڣ‬
-9.11%
5‫ڣ‬
-0.47%
10‫ڣ‬
42.61%
ਐᑇ
-2.72%
-3.71%
-13.49%
-4.79%
6.46%
58.10%
ࢬ‫ڶ‬।෼ᇷற‫א‬ભցΕᇷข෣ଖኙᇷข෣ଖΕैஒ٦‫ދ‬ᇷૠጩΖ
‫ڣ‬৫।෼
ૹ૞ᇷற
ഗ८ᆖ෻
Sergei Strigo
ഗ८๵ᑓ
203.40‫ۍ‬ᆄભց
‫ޢ‬໢‫ۯ‬ᇷข෣ଖ
23.36ભց
ᣊܑ
A2Uᣊܑ
ഗ८‫ֲمګ‬ཚ
1993‫ڣ‬8ִ4ֲ
ഗ८ຄኞ
໢‫ۯ‬ᣊܑ
ભց
ีᗨैٝ0੔ஒैٝ
ISINᇆᒘีᗨैٝ
LU0839536678
ISINᇆᒘ੔ஒैٝ
LU0839536918
ᎁ᝜၄
່೏4.50%
ᦱ‫ڃ‬၄
ྤ
᠏ང၄!
່೏1.00%
ጥ෻၄
່೏‫ڣޢ‬1.50%
ᇷข෣ଖૠጩ᙮෷
‫ֲޢ‬
ਐ‫אח‬ቃૠૡᏝֱ‫ڤ‬ച۩
༙໑‫ז‬ᇆ
AMGACUA LX
)ีᗨैٝ*
ᇷข෣ଖֆ‫܉‬
তဎ‫ڰ‬໴
ॾ໴
ࢬ‫ڶ‬ᇷறኲ۟2015‫ڣ‬5ִ31ֲΔೈॺ‫׼‬؆‫!ࣔع‬
Ζ
‫ڶ‬ᣂᇡൣΔᓮោᥦጻܿ www.amundi.com/hkg
ഗ८
2010
18.16%
2011
-7.16%
2012
18.01%
2013
-10.23%
2014
-6.90%
ਐᑇ
16.29%
-1.75%
16.76%
-8.98%
-5.72%
ࢬ‫ڶ‬।෼ᇷற‫א‬ભցΕᇷข෣ଖኙᇷข෣ଖΕैஒ٦‫ދ‬ᇷૠጩΖ
10
Օ਍‫ڶ‬႘ࠦ
Mexico 10% Dec24
Brazil 10% Jan21
Turkey 8.5% Jul19
Colombia 10% Jul24
Poland 5.75% Sep22
Indonesia 5.625% May23
Malaysia 3.955% Sep25
Poland 2.5% Jul18
Serbia 10% Feb22
South Africa 7% Feb31
ଅᙠਐᑑ)‫א‬3‫ڣ‬ཚૠጩ*
‫ंڣ‬༏෷
༛૩ᎄ஁
ᇷறֺ෷
୙ཏਐᑇ
‫ދ‬ᇷิ‫ٽ‬ᆖଥૡ‫ژ‬ᥛཚ
ਐᑇᆖଥૡ‫ژ‬ᥛཚ
9.77%
8.48%
6.12%
5.59%
5.33%
3.80%
3.66%
3.55%
3.49%
3.32%
10.79%
2.63%
-0.57
-0.30
4.10
4.92
ᆖଥૡ‫ژ‬ᥛཚආ‫ܓش‬෷ፖ႘ࠦᏝ௑‫א‬ઌֱ֘‫᧢ٻ‬೯ऱࡳ৳ࠐᘝၦ
Ζ‫ڼ‬ၦ৫ऄ‫אش‬ૠጩ‫ ޢ‬1% ऱ‫ܓ‬෷᧢೯ኙ႘ࠦᏝ௑ࢬข‫س‬ऱய
ᚨΖ‫ڼ‬ਐᑑ‫א‬ᆖଥૡ‫ژ‬ᥛཚ໢‫ق᧩ۯ‬Ζ
อૠᇷறࠐᄭΚֱࣟႪ෻ᇷขጥ෻Ζ
ࢬ‫ڶ‬อૠᇷற݁௅ᖕᇷข෣ଖૠጩΖ
‫ױ‬౨ᐙ᥼ഗ८।෼ऱ‫ޏ‬೯ΚൕԲሿԫ؄‫ڣ‬ԼԫִԿֲದΔ՗ഗ८ऱ‫ދ‬ᇷ‫ؾ‬ᑑ֗ਙ࿜๯ଥૡΖൕԲሿԫԿ‫ڣ‬ԲִԼԲֲದΔଉཽैࣟ‫ڇ‬՗ഗ८ऱҝұᣊܑհैٝբ۞೯᠏ང۟ҝѿұᣊܑΔࠀආ‫ش‬ፖҝұᣊܑᅝழऱ၄‫ش‬
֗‫گ‬၄࿨ዌΖ‫ڇ‬ԲሿԫԿ‫ڣ‬ԲִԼԲֲছհ՗ഗ८ҝѿұᣊܑऱ।෼ࠉᖕֱࣟႪ෻ߓ٨ഗ८ᄅᘋؑ໱႘ࠦഗ८ҝұᣊܑհ।෼ૠጩΔۖҝұᣊܑբॺᢞ጑ᄎᎁ‫ױ‬ऱഗ८ᣊܑ֗ࠡլ౨‫ٻ‬ଉཽֆฒ࿇ഇΖ࣍Բሿԫԫ‫ڣ‬ք
ִԲԼ؄ֲΔֱࣟႪ෻ߓ٨ഗ८ࠅ੊‫گ‬墿ഗ८๯ࠓԵֱࣟႪ෻ߓ٨ഗ८ᄅᘋؑ໱႘ࠦഗ८ΖԲሿԫԫ‫ڣ‬քִԲԼ؄ֲছհ՗ഗ८।෼ࠉᖕֱࣟႪ෻ߓ٨ഗ८ᄅᘋؑ໱႘ࠦഗ८հ।෼ૠጩΖ
ֱࣟႪ෻ߓ٨ഗ८ᄅᘋؑ໱႘ࠦഗ८࣍Բሿԫն‫ڣ‬ԿִԼԿֲ࣐‫ټ‬੡ֱࣟႪ෻ߓ٨ഗ८ᄅᘋؑ໱‫ء‬ኞ႘ࠦഗ८Ζ
‫֮ء‬ԯ‫ֱࣟط‬Ⴊ෻ᇷขጥ෻ଉཽ‫ૻڶ‬ֆ‫׹‬ᒳ፹Ζ‫֗༼ࢬ֮֗ء‬հጻీࠀ‫آ‬൓ࠩଉཽᢞࠦ֗ཚຄࠃ೭጑ኘࡡ୉ᄎΰψᢞ጑ᄎωαऱᐉᔹΖ‫ދ‬ᇷृլ‫ױ‬໢ᔾ‫ދנ܂֮ۖء‬ᇷެࡳΖ‫ދ‬ᇷ௫֗ଅᙠΖؑ໱Εഗ८ᆖ෻‫ދ֗א‬ᇷ
ऱመ࢓।෼֗ٚ۶ഗ८‫ދ‬ᇷऱᆖᛎؑ໱ΕैؑΕ႘ؑࢨᆖᛎ᝟Ⴈቃྒྷࠀॺലࠐ।෼ࠉᖕΖ‫ދ‬ᇷ‫ڃ‬໴‫ཽॺא‬ցࢨભց੡໢‫ױۯ‬౨‫ڂ‬Ⴊ෷ं೯ۖ‫ދח‬ᇷ᜔ଖՀၓࢨՂ֒Ζ‫ދ‬ᇷ‫ױ‬ၓ‫֒ױ‬Δ‫ދ‬ᇷृ‫ؘ‬ႊᔹᦰᔭഇ֮ٙ‫࠷א‬൓‫ޓ‬
ᇡጐᇷறΔ֠ࠡᅝխࢬ٨ሉ‫ދ‬ᇷଅᙠհຫ૪Ζഗ८ࢨ‫ױ‬౨‫ދ‬ᇷ࣍८ᘜ૜‫س‬ՠࠠΔ‫܂‬੡ࠡ‫ދ‬ᇷ࿜ฃऱࠡխԫຝٝΔٍ‫ױڶ‬౨‫ދ‬ᇷ࣍ᄅᘋؑ໱Ε՛ীֆ‫׹‬࿛ᢞࠦࢨࡐࡳ‫گ‬墿ᢞࠦΖຍᣊী‫ދ‬ᇷᄎ௫֗ለՕ‫ދ‬ᇷଅᙠΔኙᏝ௑
ߨႨٍᄎለ੡ඕტΖഗ८Ꮭ௑ऱं೯ࢤઌኙٍᄎᏺ‫ף‬Ζࡐࡳ‫گ‬墿ᢞࠦհ࿇۩Գ‫ױ‬౨ྤऄᐌ۩ࠡᆠ೭֗‫ڶ‬ᣂഗ८ྤऄ‫ދࠡڃگ‬ᇷΖᔭഇ֮ٙփ‫ڍޓڶ‬ଅᙠ‫ైڂ‬հຫ૪Ζ‫ދ‬ᇷृ‫ؘ‬ႊఎრԫࠄ‫ڂ‬ᅝழؑ໱ൣउۖข‫س‬ऱᄅଅ
ᙠΔֱ‫ࡳެױ‬ᙇ᝜‫ڶ‬ᣂഗ८Ζ
‫֮ء‬լᚵ༼ࠎ࣍ભഏֆ‫ا‬Εભഏࡺ‫ࢨا‬ٚ۶௅ᖕભഏѾ҆ҀҀ‫ࠦဳڣ‬ऄՀऱ๵ঞүࢨഗ८ᎅࣔ஼խࢬࡳᆠऱψભഏԳՓωΖ