Posted inTop Trumps

Mutual Fund Top Trumps: RMB Fixed Income – 28 September 2023

This week FSA presents a quick comparison of two RMB fixed income products: the Allianz Renminbi Fixed Income Fund and the UBS (Lux) Bond China Fixed Income Fund.
Source: FE Fundinfo. All relevant fund data converted to US dollars for comparative purposes. Performance, alpha and volatility are annualised over three years with data as reported at the end of last month. Information ratio (IR) aims to measure a portfolio manager’s consistent ability to generate excess returns relative to a benchmark. The higher the IR, the more consistent the manager is.

Based on the popular 80s card game, each week we select an asset class and use FE Fundinfo data to compare two funds based on their three-year performance, assets under management, alpha, volatility, ongoing charges and information ratio to decide who is the Top Trump.

This week the Allianz Renminbi Fixed Income Fund defeats the UBS (Lux) Bond China Fixed Income Fund 5-1.

Allianz Renminbi Fixed Income Fund

The fund aims to generate long-term capital growth by investing in Chinese bonds,
denominated in onshore renminbi.

UBS (Lux) Bond China Fixed Income Fund

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.

Part of the Mark Allen Group.