On the 21st April, Stephen Li Jen spoke at the capitalmarket.events "Emerging Market Perspctives" virtual event, hosted by Julie-Anna Needham.
Julie-Anna Needham is an experienced business journalist and event host who has chaired numerous international conferences. She has a background in broadcast journalism, working for the BBC and Sky News, and reported on M&A, ECM and other corporate news for more than seven years.
Presentation: Emerging markets = China + EM ex China
Are labels such as EM & BRIC helpful to investors as they think about markets segments and search for investment opportunities? In this session, Stephen Li Jen assesses the macro influences on emerging and Asian markets and shines a light on what he believes to be exciting long-term opportunities for UK investors.
Questions & Answers
Do investors need a specific allocation to China onshore bonds?
Can China onshore bonds revive the 60:40 model?
Is the term "emerging markets" fit for purpose?
What are your thoughts on e-CNY & the Renminbi?
Eurizon SLJ Bond Aggregate RMB Fund
The first UK domiciled China onshore bond fund, the Eurizon SLJ Aggregate Bond RMB (Renminbi) Fund offers exposure to the world’s second largest bond market.
Key Risks
Charges from capital - The fund charges are taken from capital invested. Taking charges from capital has the effect of increasing the yield, whilst also negatively effecting the growth potential of the investment.
Chinese securities - The fund invests in financial instruments dealt in on the local Chinese markets, including on the CIBM, and denominated in Renminbi may imply specific regulatory, exchange rate, repatriation and tax risks as more detailed in the section 5․40 of the Prospectus.
Counterparty risk - The fund carries the risk that a third-party with which the Sub-fund entered into contracts in order to perform some operations may default on its obligations.
Credit risk - The risk that the issuer of debt instruments fails to pay to the Sub-fund interests and principal, even only in part.
Liquidity risk - The risk that the sale of the financial instruments in which the Sub-fund invests may be difficult depending on the features of these instruments themselves and/or on the market conditions when the sale is to be executed or on the lack of a sufficient number of potential buyers. The selling price may then be less than the value of a financial instrument.
Geopolitical risk - The risk related to the investments in geographic areas that may be sensitive to any event of economic, geopolitical or regulatory nature or any other events beyond the control of the Management Company that could expose the Sub-fund to losses.
Exchange rate risk - Changes in currency exchange rates may affect the value of your investment.
Concentration risk - The price of funds that invest in a reduced number of holdings, sectors, or geographical areas may be more heavily affected by events that influence markets and increase volatility.
Past performance is not a reliable indicator of future returns. The value of investments and any income from them may go down as well as up and is not guaranteed. Investors may not get back the amount invested.
For professional clients only. This is a financial promotion and is not investment advice.
The fund is a sub-fund of Eurizon Funds ICVC, an open-ended investment company with variable capital with segregated liability between sub-funds. The Company is an investment company with variable capital incorporated with limited liability and registered in England and Wales under registered number IC027300. It is a UCITS scheme as defined in COLL and an umbrella company for the purposes of the OEIC Regulations. The Authorised Corporate Director (ACD) is Eurizon SLJ Capital Limited, authorised and regulated by the Financial Conduct Authority, with firm reference 736926.
For more information on the fund, or the risks of investing, please refer to the Prospectus or Key Investor Information Document (KIID), available via the relevant fund information page on www.eurizonsljcapital.com
Issued in April 2021 by Eurizon SLJ Capital Limited, 90 Queen Street, London, EC2N 1SA. Authorised and regulated by the Financial Conduct Authority, with firm reference 736926.
