NN (L) Asia Income (X Cap)

27/06/2022
1109,35
Investment Scope

The fund's objective is to provide investors an attractive level of income in combination with capital growth. It aims to reach the objective by predominantly allocating its assets to a diversified portfolio of shares combined with a derivatives overlay, as explained below. This fund invests predominantly in shares of companies established, listed or traded in the Asian region excluding Japan and Australia. The fund uses active management to target companies that offer an attractive return profile based on fundamental analysis, with stock and sector deviation limits maintained relative to the MSCI AC Asia Ex-Japan (NR). Its stock-level composition will therefore materially deviate from the MSCI AC Asia Ex-Japan (NR).

Measured over a period of several years, the equity part of the portfolio aims to outperform the MSCI AC Asia Ex-Japan (NR). The MSCI AC Asia Ex-Japan (NR) is a broad representation of our investment universe. The fund may also include investments into securities that are not part of the index universe. We aim to raise additional income on top of the dividends from shares by selling call options (Obligation to deliver underlying shares or indices at a certain price within a certain time period). This policy partially limits the impact of a sharp fall in Asian equity markets on the fund.

As a consequence of this structure, the fund will typically underperform Asian equity markets in strong upward markets and will typically outperform in declining and flat markets. The fund's primary objective is to generate a high level of yearly income. The second objective is to increase investors' capital. This product suits an investor who accepts the risks associated with investing in shares and the use of financial derivative instruments. The Fund may also invest directly, up to 20% of its net assets, in mainland China via Stock Connect which is the mutual market access programme through which investors can deal in selected securities. You can sell your participation in this fund on each (working) day on which the value of the units is calculated, which for this fund occurs daily. The fund does not aim to provide you with a dividend. It will reinvest all earnings.

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Past returns do not predict future returns
Historical NAV
Calendar Year Performance (NET %)
Cumulative Performance (ΝΕΤ %)
EUR1y3y5y
Fund-20,1013,7015,18
Share Class Benchmark-21,6019,3124,39

Reference Date 31.05.2022
Προφίλ Κινδύνου
1234567

Historical data, such as is used for calculating this indicator, may not be a reliable indication of the future risk profile of this fund. There is no guarantee that the risk indicator will remain unchanged, it may shift over time. The lowest category of risk does not mean that the investment is riskfree. This fund is in this specific risk category, because of the behaviour of the product during the measuring period. The overall market risk, taking into account past performances and future potential evolution of the markets, associated with stocks and/or financial instruments used to reach the investment objective is considered high.


These financial instruments are impacted by various factors. These include, but are not limited to, the development of the financial market, the economic development of issuers of these financial instruments who are themselves affected by the general world economic situation and the economic and political conditions in each country. The Sub-Fund’s liquidity risk is set to high.


Liquidity risks may arise when a specific underlying investment is difficult to sell. Moreover, currency fluctuation may impact highly the Sub-Fund’s performance. Investments in a specific geographic area are more concentrated than investments in various geographic areas. No guarantee is provided as to the recovery of the initial investment. The fund may invest in China A-shares through Stock Connect, a system facilitating equity investment to the Chinese market. Investments through this system are subject to specific risks, including but not limited to, quota limitations, trading restrictions, recalling of eligible stocks, clearing and settlement risk and regulatory risk. Investors are advised to familiarise themselves with the risks of this system as outlined in the prospectus.

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Practical Info
ISIN Code:
LU0113303043
Currency:
USD
Unit Class:
X CAP
Asset Class:
Equity
Region:
Asia