Overview

The actively managed fund invests primarily in securities denominated in USD and local currencies issued by Asian economies/borrowers (ex Japan).

Country selection, credit ratings and interest rate and currency risks are actively managed in order to benefit from market volatility.

When markets are rising, the fund aims to achieve relatively high returns, whereas it proactively reduces and/or hedges high-risk assets to protect against price losses in anticipation of a downswing.

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

Benefits

This diversified bond portfolio can be used to participate in the opportunities on the Asian market for fixed-income securities.

The fund is actively managed 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 high-quality 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. Sustainability risks are environmental, social or governance events or conditions that can have a material negative effect on the return, depending on the relevant sector, industry and company exposure. Sustainability risk: the risk arising from any environmental, social or governance events or conditions that, were they to occur, could cause a material negative impact on the value of the investment. 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
麻豆社 Bond Funds
麻豆社 Classic Bond Funds
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 Asset Management (UK) Limited
Day of inception
10 September 2015
Currency of account
EUR
Close of financial year
31 March
SFDR Classification
Art.8
Issue / redemption
daily
Distribution
Reinvestment
Maturity
Open end
Ongoing costs p.a.
0.92% p.a.
Management fee
0.66% p.a.
Total expense ratio (TER)
0.91% p.a.
Swing pricing
yes
Minimum investment
n.a.
Reference Index / Benchmark
JP Morgan Asia Credit Index (hedged EUR)
ISIN
LU0464251973
Bloomberg Ticker
麻豆社HEQA LX

Performance and Prices

Percentage growth

as of 18 June 2026
Cumulative
EUR(%)
YTD
1M
3M 0.22
6M 0.48
1Y 4.50
2Y 8.82
3Y 13.00
5Y
ø p.a.5Y -2.57
Discrete Annual
EUR(%)
Q1 2025 to Q1 2026 3.16
Q1 2024 to Q1 2025 5.50
Q1 2023 to Q1 2024 2.09
Q1 2022 to Q1 2023 -7.45
Q1 2021 to Q1 2022 -14.29

Current data

Net asset value 18.06.2026 EUR 107.55
High - last 12 months 27.02.2026 EUR 109.11
Low - last 12 months 08.07.2025 EUR 102.82
Assets of the unit class in mn 17.06.2026 EUR 1.21
Total product assets in mn 17.06.2026 EUR 210.49
Theoretical yield to maturity (net) 29.05.2026 4.93%
Option Adjusted Duration 29.05.2026 5.04
Average remaining maturity 29.05.2026 6.70 years

Structures

Fees

Ongoing costs p.a.
0.92%
Flat fee
0.83%
Management fee p.a.
0.66%
Max. issuing commission
3.00%
Max. redemption commission
0.00%
Distribution fee
(see info)

Distributions

No distributions. Continuous reinvestment of income.

Sales Authorisations

Market
Sales authorisations status
Austria
Registered
Chile
Institutional Only*
Finland
Registered
Germany
Registered
Greece
Registered
Italy
Institutional Only*
Liechtenstein
Registered
Luxembourg
Registered
Netherlands
Registered
Singapore
Institutional Only*
Spain
Registered
Sweden
Registered
Switzerland
Registered
United Kingdom
Registered

Literature

Agreement / Prospectus
Document type
Document Language
Prospectus
Country supplement
Key Investor Information (KIID)
Past performance
Previous performance scenario
ESG Disclosure
SFDR Pre-Contractual Annex
Annual and semi-annual report (accounting on 31 March)
Document type
Document Language
Annual report
SFDR Periodic Report Annex
Semi-annual report
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