Fidelity China RMB Bond -A(USD) ACC
The Fidelity China Rmb Bond primarily invests in Chinese Renminbi (RMB) denominated bonds, money market securities, cash and/or cash equivalents. The fund invests at least 70% of assets in investment grade bonds in RMB denomination or issued by entities operating in the Asia Pacific region. It is an actively managed portfolio without reference to any index. With 230+ holdings from 154 issuers, the fund has a diverse portfolio with only ard. 18% of its assets come from the top 10 holdings, and nearly half of its assets are of grade "A" (Sep 2021). The fund has a 3-year volatility of 6.49%, an average credit rating of A-, and an effective duration of 3.8, with investment grade (ex-treasury) making upto 60% of the portfolio and high yield accounting for just ard. 10% (Sep 2021).The fund may invest in hybrid securities, CoCos, as well as other subordinate loans and preference shares.
Pimco Global Real Return-E ACC
The Pimco Global Real Return Fund is an actively managed portfolio, invests in inflation-linked bonds, nominal bonds and other debt securities of varying maturities issued by governments, agencies, corporations and banks worldwide. The fund measures its performance against Bloomberg Barclays World Government Inflation-Linked Bond SEK Hedged Index. The fund seeks to provide a hedge against inflation, consistent real returns, low volatility, portfolio diversification, and a broad range of opportunities. It incorporates the proven investment process of PIMCO with the industry-renowned global inflation-linked bond experts. The fund has an average credit rating of AA, an effective duration of 11.88 and top ten holding forms ard. 27% of the portfolio (Sep 2021).The fund largely invests in developed markets such as USA & UK.
UBAM Dynamic US Dollar Bond A
UBAM Dynamic US Dollar Bond invests in high grade investment bonds. It has a diversified portfolio of short duration/ floating rate USD notes issued by corporates. Fund portfolio has an average rating of BBB/A and maximum average maturity duration of 24 months. The fund may invest 10% of net assets in emerging markets and 20% of net assets in High yield Bonds. The fund is actively managed and benchmarked against SOFR Overnight rate. The current portfolio (Jun21) is well-diversified across 130 holdings with an average credit rating of A- and a portfolio yield of 0.4$. The fund invests in developed markets and has near-zero interest-rate risk.
Goldman Sachs USD Liquid Reserves I ACC
The US$ Liquid Reserves fund is an alternative to cash deposits and is meant for managing short term liquidity. It invests exclusively in high quality money market securities and instruments with a focus on preservation of capital and maintenance of liquidity. The fund’s top sector exposure includes time deposits, commercial papers (finance & asset-backed) and sovereigns (treasury bills) and weighted average maturity is below 30 days. Why this Fund ?
- 1. Low cost (20bps) highly liquid/ low risk USD money market fund
- 2. Its size (USD 35b) makes it efficient in execution & a good alternative to cash deposits
- 3. Invests exclusively in high quality money market securities
Allianz Money Market - WT(USD) ACC
The Money Market fund is an alternative to cash deposits and is meant for managing short term liquidity. It invests high quality money market securities and instruments with a focus on preservation of capital, independent of interest rate and currency fluctuations. The weighted average residual maturity of all assets held by the Fund are less than 12 months at any time. This Fund is managed in reference to the benchmark index at LIBOR Overnight USD. Why this Fund ?
- 1. Low cost (21bps) highly liquid/ low risk USD money market fund
- 2. Allianz is one of the largest global active investment managers
- 3. Its size makes it efficient in execution & a good alternative to cash deposits