Important information

  • The Fund invests in fixed income and debt securities denominated in RMB or other currencies (“Debt Securities”) issued and/or traded outside mainland China and cash and cash equivalents (including RMB and non-RMB denominated deposits).
  • Investors should note the concentration risk of investing in RMB denominated instruments, investment risk, and hedged unit classes risk.
  • The Fund is subject to RMB currency risk as RMB is not freely convertible and is subject to exchange controls and repatriation restrictions. RMB may depreciate. The Fund and investors are subject to currency conversion risk and may suffer losses as a result of exchange rate movement(s) and the bid and offer spread of the currencies.
  • Debt Securities is subject to (a) interest rate risk; (b) credit risk (including default risk, credit rating risk, credit rating downgrading risk and liquidity risk); (c) risks relating to below investment grade and unrated securities; (d) valuation risk; (e) unlisted Debt Securities risk; and (f) risk of limited pool of investments for RMB Debt Securities.
  • Financial derivative instruments may be used for hedging. The use of derivatives may become ineffective and the Fund may suffer significant losses.
  • For Monthly Distribution-1 unit class (MD1): (a) The Manager may at discretion pay distributions out of the capital or pay distributions out of gross income while paying the fees and expenses out of the capital to increase the distributable income for the payment of distributions (i.e. effectively paying distributions out of capital). Payment of distributions out of capital amounts to a return or withdrawal of part of an investor’s original investment or from any capital gains attributable to that original investment. Such distributions may result in an immediate reduction in the net asset value per unit; (b) Investments in MD1 are not an alternative to a savings account or fixed-interest paying investment, investors may not able to get back the original investment amount; (c) The fixed amount of distributions per month is subject to risk of exchange rate fluctuations; and (d) For MD1 with currency hedge, investors may forego capital gains arising from the interest rate differential associated with currency hedging in favour of income distributions. The uncertainty and changes of relative interest rates may also adversely impact the return of the hedged unit classes. (Note 1)
  • The value of the Fund can be volatile and could go down substantially.
  • Investors should not base their investment decision on this material alone.
  • Invesco RMB High Income Bond Fund


NAV (14/12/2017)

98.0000 CNH

12 months
Low High
97.7600 99.4800

Why This Fund

  • The fund is a pioneer product in Invesco (fund launch in July 2015) with an aim of providing long-term capital growth and maintaining high income yields in RMB terms from investments in offshore RMB or other currencies denominated debt securities (issued outside Mainland China)
  • The Hong Kong-based investment team has in-depth knowledge of RMB debt securities (including investment grade and high yield bonds)
  • Currency-hedged shares are available for investors in an attempt to mitigate currency fluctuations against the offshore RMB (CNH) (investors should note the exchange rate risk, the hedge strategy may reduce the benefits to investors in the hedged shares)
  • Distribution shares are available for investors who want to receive potential cash income (if any).

Fund performance chart

Cumulative Performance

Last update date: 31/10/2017
  YTD 3M 6M 1Y 3Y 5Y Since Launch~
Share Class 6.61% 1.70% 3.56% 5.24% N/A N/A 15.32%
Index^ 4.51% 1.04% 3.11% 3.60% N/A N/A 10.79%

Calendar Year Performance*

Last update date: 31/12/2016
2016 2015 2014 2013 2012
Share Class 6.28% 1.78% N/A N/A N/A
Index^ 5.02% 0.94% N/A N/A N/A

Dividend Report+

  • Display as
  • TWELVE

Dividend may be paid out of capital. Please refer to Note 1 of the Important Information.

Record Date (DD/MM/YY) Rate / Share (CNH) Price on Record Date (CNH) Annualized Dividend (%)
30/11/2017 0.5833 98.40 7.11
31/10/2017 0.5833 98.97 7.07
29/09/2017 0.5833 99.15 7.06
31/08/2017 0.5833 99.13 7.06
31/07/2017 0.5833 99.05 7.07
30/06/2017 0.5833 98.73 7.09
31/05/2017 0.5833 98.78 7.09
28/04/2017 0.5833 99.02 7.07
31/03/2017 0.5833 98.71 7.09
28/02/2017 0.5833 98.86 7.08
27/01/2017 0.5833 98.38 7.11
30/12/2016 0.5833 98.49 7.11

^ Reference Index: 40% Markit iBoxx ALBI China Offshore High Yield & Unrated & 60% Markit iBoxx ALBI China Offshore Investment Grade

* The calendar year performance of a share class in its year of launch is calculated from its launch date to the last day of that year, which is not a full year return. The calendar year performance of Index in the share class’s year of launch is not available. For launch date, please click Fund Details.

+ Annualized dividend (%) = (Rate/Share X Frequency) ÷ Price on record date. Upon dividend distribution, the fund's net asset value may fall on the ex-dividend date. For Frequency, Monthly = 12; Quarterly = 4; Semi-Annually = 2; Annually =1. All distributions below USD 50 in value (or its equivalent) will be automatically applied in the purchase of further shares of the same class. Positive distribution yield does not imply a positive return.

~For share class's launch date, please refer to Fund Details section.

Fund Objective

Aims at generating long-term capital growth and maintaining a high income yield in RMB terms by investing in fixed income, debt securities and cash/ cash equivalents.

Key Facts

Launch Date 10/07/2015
Management Fee 1.25%
Minimum investment CNH 10,000
Initial Charge (up to) 5.00%
Fund Manager Chris Lau, Ken Hu
Bloomberg Code INVRARM HK
ISIN Code HK0000250339
IVRS Code 785

Bulletin Board

How To Buy


Important information

Effective 1 May 2016, the index was changed from 40% HSBC Offshore RMB HY Bond + 60% HSBC Offshore RMB Investment Grade Bond (the “Previous Index”) to 40% Markit iBoxx ALBI China Offshore High Yield & Unrated & 60% Markit iBoxx ALBI China Offshore Investment Grade. The index data before 29 April 2016 belongs to the Previous Index.The investment performances are denominated in RMB. US/HK dollar-based investors are therefore exposed to fluctuations in exchange rates.

Investment involves risks. Past performance is not indicative of future performance. Investors should read the relevant prospectus for details, including the risk factors and product features. This material has not been reviewed by the Securities and Futures Commission and is issued by Invesco Asset Management Asia Limited (景順投資管理亞洲有限公司). 

All data (including fund and reference index performances) is sourced from Invesco unless otherwise stated.

Performance of the share class is calculated based on NAV to NAV, gross income re-invested in share class currency.