Overview

The actively managed fund invests mainly in RMB-denominated fixed-income instruments that are primarily issued by, but not limited to, the central government or local governments, government-related entities, banks and other financial institutions or corporate entities.

Investments are conducted in the onshore China Interbank Bond Market (CIBM), and may include both direct securities (physical bonds) and derivatives related to fixed income securities where allowed.

The portfolio manager is not tied to the benchmark in terms of investment selection or weight.

The exchange rate risk between CNY and EUR is not hedged.

Benefits

This diversified bond portfolio can be used to participate in the opportunities in the China fixed income market , as well as exposure to Chinese Yuan.

The fund is managed across duration, yield curve, sector and security selection in accordance with market conditions. This allows the portfolio to be dynamically adjusted throughout market cycles.

Risks

The fund offers higher return potential than a developed market bond portfolio and therefore bears a higher risk. In addition, emerging markets are at an early stage of development which can typically involve a high level of price volatility and other specific risks such as lower market transparency, regulatory hurdles, corporate governance and political and social challenges. Corresponding risk tolerance and capacity are required. All investments are subject to market fluctuations. The fund can invest in less liquid assets that may be difficult to sell in the case of distressed markets. Every fund has specific risks, which can significantly increase under unusual market conditions. The fund can use derivatives, which may result in additional risks (particularly counterparty risk). This Fund may not be appropriate for investors who plan to withdraw their money before the recommended holding period disclosed in the PRIIPs KID, if available for this share class.

Features

Product category
Bond
Aggregate
Product domicile
Luxembourg
Portfolio management
麻豆社 Asset Management (Hong Kong) Ltd., Hong Kong
Fund management
麻豆社 Asset Management (Europe) S.A., Luxembourg
Custodian bank
麻豆社 Europe SE, Luxembourg Branch
Representative for products established under foreign law
麻豆社 Fund Management (Switzerland) AG
Day of inception
July 20, 2022
Currency of account
EUR
Close of financial year
May 31
SFDR Classification
Art.6
Issue / redemption
daily
Maturity
Open end
Ongoing costs p.a.
0.17% p.a.
Management fee
0.00% p.a.
Total expense ratio (TER)
0.17% p.a.
Minimum investment
n.a.
Reference Index / Benchmark
Bloomberg China Aggregate Index in EUR
Cut-Off Time
11:00h(CET)
Securities no.
117036208
ISIN
LU2451285840
Bloomberg Ticker
UBFIBEU LX

Performance and Prices

Percentage growth

as of May 29, 2026
Cumulative
EUR(%) CHF(%) USD(%)
YTD 5.84 3.71 5.16
1M
3M
6M
1Y
2Y -6.52 -7.31 6.03
3Y 8.72 2.09 18.26
5Y
ø p.a.5Y 2.83 0.69 5.75

Current data
Net asset value 01.06.2026 EUR 93.78
High - last 12 months 29.05.2026 EUR 93.93
Low - last 12 months 17.09.2025 EUR 86.29
Last distribution 06.08.2025 EUR 2.42
Assets of the unit class in mn 01.06.2026 EUR 28.22
Total product assets in mn 01.06.2026 EUR 425.35

Structures

By detailed securities (in %, as of April 30, 2026)*

 
 
 
1 China Government Bond 28.25
2 Export-Import Bank of China/The 6.01
3 Agricultural Development Bank of China 5.95
4 China Development Bank 5.90
5 China Southern Power Grid Co Ltd 2.23
6 BABA 2.65 05/28/28 1.94
7 China State Railway Group Co Ltd 1.93
8 CCAMCL 2.58 06/25/28 1.93
9 Bank of East Asia Ltd/The 1.86
10 MEITUA 2.55 11/05/30 1.73
11 POWINV 1.74 04/17/28 1.56
12 China Construction Bank Corp 1.52
13 Province of Zhejiang China 1.34
14 BCHINA 3.02 10/26/32 1.29
15 Central Huijin Investment Ltd 1.28
16 JIANGS 1.85 08/28/30 1.27
17 Province of Guangdong China 1.27
18 CHGRID 1.88 07/20/30 1.26
19 CGB 1.66 03/25/33 1.25
20 Province of Fujian China 1.02
21 Nanyang Commercial Bank Ltd 1.01
22 Peak RE Bvi Holding Ltd 0.99
23 Agricultural Bank of China Ltd 0.98
24 CITIC Group Corp 0.98
25 AGRBK 3.49 03/23/33 0.97
26 ICBCAS 3.49 04/12/33 0.97
27 BOCOM 2.14 10/30/27 0.95
28 China Huaneng Group Co Ltd 0.94
29 GUANGD 1.99 09/09/35 0.94
30 ZHEJIA 2.01 09/23/35 0.94
31 SHANGH 1.89 09/01/35 0.94
32 CGB 1.92 07/15/45 0.90
33 CNAC HK Finbridge Co Ltd 0.75
34 Province of Hubei China 0.72
35 Province of Jiangsu China 0.69
36 State Grid Corp of China 0.64
37 POWINV 2.08 PERP 0.64
38 HUIJIN 2.02 09/05/27 0.63
39 Hong Kong Mortgage Corp Ltd/The 0.63
40 China Merchants Group Ltd 0.63
41 SHANGH 1.9 02/27/36 1G03 0.62
42 Amipeace Ltd 0.62
43 FRESHK 4 1/4 02/14/28 0.60
44 KUAISH 2.45 01/22/31 0.57
45 Guangzhou Metro Investment Finance BVI Ltd 0.53
46 FWD Group Holdings Ltd 0.50
47 Zhongsheng Group Holdings Ltd 0.48
48 CK Hutchison International 17 Ltd 0.48
49 Dah Sing Bank Ltd 0.43
50 MIRAIL 3.54 04/22/31 0.34
51 BCHINA 3.49 03/22/33 0.32
52 BCHINA 2.62 04/08/34 0.32
53 ICBCAS 2 1/4 05/17/28 0.32
54 China Railway Xunjie Co Ltd 0.32
55 China Life Insurance Co Ltd 0.32
56 JIANGS 1.9 09/15/32 0.32
57 China Resources Inc 0.32
58 CHGRID 2.11 08/28/27 0.32
59 ICBCAS 3 1/2 04/14/32 0.32
60 CCB 2 08/12/28 0.32
61 China Huadian Corp Ltd 0.32
62 China Longyuan Power Group Corp Ltd 0.31
63 HUIJIN 1.84 02/24/28 0.31
64 BCLMHK 4 1/2 08/23/27 0.31
65 CGB 1.98 04/25/45 0.30
66 Sands China Ltd 0.29
67 Meituan 0.21
68 ICBCIL Finance Co Ltd 0.21
69 Far East Horizon Ltd 0.21
70 China Construction Bank Corp/Hong Kong 0.16
71 JD.com Inc 0.04
72 Baidu Inc 0.04

Fees

Ongoing costs p.a.
0.1675%
Flat fee
0.1400%
Management fee p.a.
0.0000%

Distributions

From
01-Nov-2020
To
01-Nov-2021
Date of distribution
Pay date
Cps no.
Currency
Distribution
01.08.2025 06.08.2025 3 EUR 2.42

Sales Authorisations

Market
Sales authorisations status
Australia
Institutional Only*
Luxembourg
Registered
Singapore
Institutional Only*
Switzerland
Registered

Literature

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Brochures
Document type
Document Language
Fact Sheet
es es
it it
fr fr
de de
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ASIP ESG Report
Fact Sheet - Bond
de de
en en
es es
fr fr
it it
Fact Sheet - Aggregate
de de
es es
fr fr
it it
en en
Agreement / Prospectus
Document type
Document Language
Prospectus
Key Information Document
Past performance
Previous performance scenario
Statutes / Management regulations
Annual and semi-annual report (accounting on May 31)
Document type
Document Language
Annual report
Semi-annual report
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