Products & Services

Global Fund - Select High Yield Fund

The company established a publicly offered Global Fund – Select High Yield Bond Fund in 2021.

The Sub-Fund aims to provide a high level of income and capital appreciation over the medium to long term by investing primarily in a portfolio of global fixed income securities (in particular, high yield bonds (i.e. below investment grade and unrated bonds)). The Sub-Fund may invest in assets denominated in currencies other than its base currency (i.e. USD). 

Debt securities (or the issuers of such debt securities) that the Sub-Fund seeks to invest in are across all durations/ratings. The Sub-Fund seeks to invest primarily (i.e. at least 70% of its Net Asset Value) directly in below investment grade corporate debt securities (rated below Moody’s “Baa3” or below Standard & Poor’s “BBB-” or equivalent rating by other internationally recognised rating agencies, or rated AA or below by a Mainland credit rating agency). While these credit ratings provided by the relevant rating agencies serve as a point of reference, the Manager will conduct its own assessment on the credit quality based on various factors, including leverage level, operating margin, return on capital, interest coverage, operating cash flows, industry outlook, competitive position in the market and corporate governance.