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Global Fund – Investment Grade Bond Fund

 

Investment Grade Bond Fund is a sub-fund of China Life Franklin Global Fund which is an umbrella unit trust established by a trust deed dated 5 October 2020. It is governed by the laws of Hong Kong.

 

The Sub-Fund seeks to achieve investment income and capital appreciation by investing primarily (i.e. at least 70% of its Net Asset Value) in a portfolio of investment grade global fixed income securities, with primary considerations of both capital preservation and liquidity. The Sub-Fund's investments may be concentrated in the Greater China region i.e. Mainland China, Hong Kong, Taiwan and Macau, and the US. The Sub-Fund may invest more than 30% of its Net Asset Value in emerging markets. The Sub-Fund may invest less than 30% of its Net Asset Value in investment grade debt instruments with loss absorption features ("LAP"). The Sub-Fund may acquire financial derivative instruments (including but not limited to warrants, futures, swaps and options) for hedging purposes. The Sub-Fund's net derivative exposure may be up to 50 per cent. of the Sub-Fund's net asset value. The Manager will not engage in any securities financing transactions on behalf of the Sub-Fund.

 

The Sub-Fund will only invest in investment grade debt securities at the time of purchase, and will not invest in non-investment grade or unrated securities. Investment grade for the purpose of the Sub-Fund means bearing a long-term credit rating or short-term credit rating as set out below: "Baa2" or above (long-term) / "P-2" or above (short-term) by Moody's Investors Service, Inc.; "BBB" or above (long-term) / "A-2" or above (short-term) by Standard & Poor's Corporation; or "BBB" or above (long-term) / "F2" or above (short-term) by Fitch Ratings. For this purpose, if the relevant security does not itself have a credit rating, then reference can be made to the credit rating of the issuer or the guarantor (where applicable) of the security. If both the security and the relevant entity are not rated, then the security will be classified as unrated. For the avoidance of doubt, in the event the ratings are assigned by Standard & Poor's, Moody's, Fitch, and the ratings differ, the lowest rating will be used as the reference rating.


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Eng_Global Fund_Investment Grade Bond Fund.pdf



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Multi-asset, multi-market, multi-field investment

Multi-asset, multi-market, multi-field investment

With bond investment in 20 countries and regions around the world, our bond segregated accounts and bond funds has achieved long term stable return. With equity investment coverage in Hong Kong and US markets, our diversified equity strategies have achieved decent returns.
The pursuit of long-term stable return

The pursuit of long-term stable return

With the time proven internal risk assessment capability and investment experience, we could effectively diversify our investment in multiple countries and industries.
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