BNP PARIBAS ASSET MANAGEMENT - TM Diversification 1440x300

Parvest Multi-Asset Income Emerging

  • The fund invests at least 70% of its assets in Emerging markets (defined as non OECD countries prior to 1 January 1994 together with Turkey and Greece) and maximum 30% of its assets in other markets in asset classes including equity securities, debt securities, cash instruments and money market, commodities.
  • The fund may invest in derivatives (up to 100%). These types of investments can involve material additional risks, for example counterparty default risk or insolvency, volatility risk, liquidity risk, leverage risk and valuation risk, and may expose the fund to significant losses.
  • The fund is exposed to interest rate and credit risks.
  • The fund has significant exposure to emerging markets and is likely to be subject to a higher than average volatility. Emerging markets may have higher legal, regulatory and political risk.
  • The management company may at its discretion pay dividends out of the capital of the fund. Payment of dividends 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. Any distributions involving payment of dividends out of the fund’s capital may result in an immediate reduction of the net asset value per share.
  • Investors should not solely rely on this document to make any investment decision. Please refer to the Singapore offering documents for further information (including the risk factors) about the fund.
  • Managed by an award-winning multi-asset solutions team comprising 26 multi-asset professionals and EUR 51 billion of assets under management in multi-asset strategies, as of March 2018.
  • With clear income focus, the fund provides an attractive income distribution of 5.75% to 9% per annum in 2018 (multiple monthly distribution share classes available).
  • Two sources of alpha generation: Flexible asset allocation by the Multi-Asset, Quantitative and Solutions (MAQS) investment group and security selection by in-house asset class specialists.

These internal guidelines are mentioned for your information only and are subject to change. This constitutes an objective and not a guarantee.

Fund Fact

  • Launched on 25 April 2016
  • Size: USD 194 million, as of 29 March 2018
  • ISIN Code: LU1270633115 (Classic)
  • Available in: USD, EUR, AUD, CNH, HKD, SGD
  • Type of Shares: Capitalisation, Monthly Distribution
  • Management Fee: 1.25% (Classic)

 

Source: BNP Paribas Asset Management, as of 29 March 2018.

The fund intends to make regular distributions to investors and, if its income is insufficient to cover these payments, these payments may reduce the fund’s capital. Prospectus guidelines are leading.

The fund enables investors to enjoy a fixed monthly dividend payment of 0.53 per share in the Classic MD and Classic HKD MD share classes, equivalent to 6.0% annual dividend rate; 0.57 per share in the Classic RH AUD MD share class, equivalent to 6.25% annual dividend rate; 0.83 per share in the Classic RH CNH MD share class, equivalent to 9.0% annual dividend rate; and 0.52 per share in the Classic RH SGD MD share class, equivalent to 5.75% annual dividend rate. The annual dividend rates in 2018 are valued with reference to the net asset value of the corresponding monthly dividend share classes as at 31 October 2017 and decomposed into a fixed monthly payment for a 12 month period in 2018, with an exception that monthly payment for hedged shares can change because of interest rate movement during the year. Dividends may be paid out of capital. The aforementioned annual dividend rates are only applicable for 2018. A positive distribution yield does not imply a positive return. Distributions may be paid out of capital which may result in an immediate reduction of the fund’s net asset value per share. The Board of Directors has the sole discretion to vary the rate and/or frequency of distribution as long as it is in line with the prospectus and relevant regulations. While there will be no variations month on month and investors will receive a fixed dividend amount on a monthly basis, the monthly dividend rate with reference to the prevailing net asset value of the share classes concerned will vary. Past performance is not necessarily indicative of current or future performance.

This material has been prepared by and is issued by BNP PARIBAS ASSET MANAGEMENT Singapore Limited*, a member of BNP Paribas Asset Management (BNPP AM)**. The content has not been reviewed by the Monetary Authority of Singapore (“MAS”).

This material is produced for information purposes only and does not constitute: 1) an offer to buy nor a solicitation to sell, nor shall it form the basis of or be relied upon in connection with any contract or commitment whatsoever; or 2) any investment advice.

The information contained in this document is provided without prior knowledge of your circumstances, including your financial position, risk profile and investment objectives. Investors are recommended to seek the advice of their usual financial adviser(s) in order to assess the suitability of the product or strategy mentioned herein as an investment. This material makes reference to certain financial instruments (the “Financial Instrument(s)”) authorised and regulated in its/their jurisdiction(s) of incorporation.

No action has been taken which would permit the public offering of the Financial Instrument(s) in any other jurisdiction, except as indicated in the most recent prospectus, offering document or any other information material, as applicable, of the relevant Financial Instrument(s) where such action would be required, in particular, in the United States, to US persons (as such term is defined in Regulation S of the United States Securities Act of 1933). Prior to any subscription in a country in which such Financial Instrument(s) is/are registered, investors should verify any legal constraints or restrictions there may be in connection with the subscription, purchase, possession or sale of the Financial Instrument(s).

Investors considering subscribing for the Financial Instrument(s) should read carefully the most recent prospectus, offering document or other information material and consult the Financial Instrument(s)’ most recent financial reports. The prospectus, offering document or other information of the Financial Instrument(s) are available from your local BNPP AM correspondents, if any, or from the entities marketing the Financial Instrument(s) and all applications for units in the Financial Instrument(s) must be made on the application forms accompanying the Prospectus.

Opinions included in this material constitute the judgment of BNP PARIBAS ASSET MANAGEMENT Singapore Limited or its relevant affiliate[s] at the time specified and may be subject to change without notice. BNPP AMS is not obliged to update or alter the information or opinions contained within this material. Investors should consult their own legal and tax advisors in respect of legal, accounting, domicile and tax advice prior to investing in the Financial Instrument(s) in order to make an independent determination of the suitability and consequences of an investment therein, if permitted. Please note that different types of investments, if contained within this material, involve varying degrees of risk and there can be no assurance that any specific investment may either be suitable, appropriate or profitable for a client or prospective client’s investment portfolio.

Investments involve risks. Investments in emerging markets involve above-average risk. Given the economic and market risks, there can be no assurance that the Financial Instrument(s) will achieve its/their investment objectives. Returns may be affected by, amongst other things, investment strategies or objectives of the Financial Instrument(s) and material market and economic conditions, including interest rates, market terms and general market conditions. The different strategies applied to the Financial Instrument(s) may have a significant effect on the results portrayed in this material. Past performance and any economic and market trends/forecasts are not a guide to future performance and the value of the investments in Financial Instrument(s) may go down as well as up. Investors may not get back the amount they originally invested. Changes in the rate of exchange may cause the value of investments to fluctuate.

The performance data, as applicable, reflected in this material, do not take into account the commissions, costs incurred on the issue and redemption and taxes. The document shall not be reproduced, distributed or transmitted, in whole or in part, to any person.

*BNP PARIBAS ASSET MANAGEMENT Singapore Limited, 10 Collyer Quay, #15-01 Ocean Financial Centre, Singapore 049315. Company Registration No:199308471D.
** “BNP Paribas Asset Management” is the global brand name of the BNP Paribas group’s asset management services. The individual asset management entities within BNP Paribas Asset Managementif specified herein, are specified for information only and do not necessarily carry on business in your jurisdiction. For further information, please contact your locally licensed Investment Partner.

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