Renminbi Yuan & Bond Fund
“China’s economic revolution could well remake the global financial landscape and transform China into the world’s most dominant economy.”
- Edmund Harriss, Fund Manager
| Symbol | GARBX |
| Inception Date | 06/30/2011 |
| Minimum Investment | |
| CUSIP # | 402031 70 2 |
| Benchmark | BOCHK Offshore RMB Bond Index |
| Expense Ratio | 0.90% |
| Redemption Fee | 2% for 30 Days |
| Load | None |
China has become the world’s second largest economy and a leading player in world trade; its currency is making progress toward internationalization and may be on its way to achieving leading world currency status.
As the Chinese government has been relaxing currency restrictions and renminbi yuan bonds have begun trading in Hong Kong, Guinness Atkinson gives you the opportunity to participate in China’s growth in a distinctive way.
If you agree with many economists who believe that China’s currency would appreciate against the US dollar if it were allowed to trade freely, you may wish to invest in our Renminbi Yuan & Bond Fund. A stronger yuan would be consistent with China’s need to reduce inflation internally and the United State’s need to battle deflation.
Learn more in our whitepaper, A Revolutionary Idea: Renminbi in Every Wallet.
Renminbi Yuan & Bond Fund through 04/30/2013
| Avg. Annualized Total Return | Calendar YTD | 1 Year | 3 Years | 5 Years | 10 Years | Since Inception |
|---|---|---|---|---|---|---|
| Monthly through 04/30/2013 | 2.36% | 5.41% | n/a | n/a | n/a | 3.49% |
| Quarterly through 03/31/2013 | 1.42% | 4.60% | n/a | n/a | n/a | 3.11% |
Fund holdings and/or sector allocations are subject to change at any time and are not recommendations to buy or sell any security.
| BOND CLASSIFICATION (as of 04/30/2013) | |
|---|---|
| Multinational | 31.65% |
| China Corporate | 24.28% |
| Financial | 21.06% |
| Certificates of Deposit CNH | 12.36% |
| CNH Cash | 9.02% |
| Government | 1.25% |
| USD Cash | 0.38% |
| MATURITY BREAKDOWN (as of 04/30/2013) | |
|---|---|
| CNH Cash | 9.02% |
| USD Cash | 0.38% |
| Less than 1 year | 24.29% |
| 1 to 2 years | 12.34% |
| 2 to 3 years | 20.27% |
| 3 to 4 years | 19.57% |
| 4 to 5 years | 9.83% |
Fund Manager
“It may sound like a cliché to refer to the “Asian Miracle” but I believe that the economic growth that has occurred in Asia throughout the last 30 years represents the greatest increase in the human condition for more people than any other event in human history.“
Having managed the Asia Funds for over 14 years both from London and from Hong Kong, Edmund Harriss is dedicated to understanding the agents of change. It’s about making ourselves ready for the new world that is unfolding in front of our eyes. For Edmund there is nothing quite like…
Fund Manager
“Progress is exciting— it’s an opportunity to meet new and complex challenges. And every Guinness Atkinson Fund presents an opportunity to invest in progress.“
As a Founder and the Chief Investment Officer of Guinness Atkinson Funds, Tim Guinness is a logic-based value investor with nearly 40 years of experience. He believes in hard work and discipline, subjecting stocks to a gauntlet of due diligence. His investment strategy, a draw not only for investors but…
Renminbi Yuan & Bond Fund Information
The Advisor has contractually agreed to reduce its fees and/or pay Fund expenses (excluding Acquired Fund fees and Expenses, interest, taxes, dividends on short positions and extraordinary expenses) in order to the limit the Fund’s Total Annual Operating Expenses to 0.90% through June 30, 2013. To the extent that the Advisor waives its fees and/or absorbs expenses to satisfy this cap, it may seek repayment of a portion or all of such amounts at anytime within three fiscal years after the fiscal year in which such amounts were waived or absorbed, subject to the .90% expense cap.