FIXED INCOME
Symbol
CBNX
ISIN
IE00BJSBC011
Overview
Objective
The Sub-Fund is passively managed and seeks to provide income and capital growth over the longer term and aims to achieve investment results that closely correspond, before fees and expenses, to the performance of the FTSE Goldman Sachs China Government Bond Index (the “Index”).The Sub-Fund aims to achieve its objective by mostly investing in fixed-income securities issued by the Chinese government. Portfolio holdings and/or allocations shown above are as of the date indicated and may not be representative of future investments. The holdings and/or allocations shown may not represent all of the portfolio's investments. Future investments may or may not be profitable. There is no guarantee that objectives will be met.
Risk Profile
- Counterparty risk – a party that the Portfolio transacts with may fail to meet its obligations which could cause losses.
- Credit risk – the failure of a counterparty or an issuer of a financial asset held within the Portfolio to meet its payment obligations will have a negative impact on the Portfolio.
- Custodian risk – insolvency, breaches of duty of care or misconduct of a custodian or subcustodian responsible for the safekeeping of the Fund's assets can result in loss to the Fund.
- Derivatives risk – derivative instruments are highly sensitive to changes in the value of the underlying asset that they are based on. Certain derivatives may result in losses greater than the amount originally invested.
- Emerging markets risk – Emerging markets investments may be less liquid and are subject to greater risk than developed market investments as a result of, but not limited to, the following: inadequate regulations, volatile securities markets, adverse exchange rates, and social, political, military, regulatory, economic or environmental developments, or natural disasters.
- Exchange rate risk– changes in exchange rates may reduce or increase the returns an investor might expect to receive independent of the performance of such assets. If applicable, investment techniques used to attempt to reduce the risk of currency movements (hedging), may not be effective. Hedging also involves additional risks associated with derivatives.
- Index tracking error risk – the performance of the Portfolio may not generally follow and may be very different from the performance of the Index. The anticipated tracking error has been calculated using historical data and therefore may not capture all factors that will impact a Portfolio's actual performance against its reference index.
- Interest rate risk – when interest rates rise, bond prices fall, reflecting the ability of investors to obtain a more attractive rate of interest on their money elsewhere. Bond prices are therefore subject to movements in interest rates which may move for a number of reasons, political as well as economic.
- Liquidity risk – the Fund may not always find another party willing to purchase an asset that the Fund wants to sell which could impact the Fund's ability to meet redemption requests on demand.
- Market risk – the value of assets in the Fund is typically dictated by a number of factors, including the confidence levels of the market in which they are traded.
- Operational risk – material losses to the Fund may arise as a result of human error, system and/or process failures, inadequate procedures or controls.
- Risks associated with investments in China - The Portfolio's operations and financial results could be adversely affected by adjustments in the PRC's state plans, political, economic and social conditions, changes in the policies of the PRC government and laws and regulations, in particular where investments are made through any of the investment regime introduced by the PRC government.
- Complete information on the risks of investing in the fund are set out in the fund’s prospectus.
Fund Data
Performance
Allocations
Management Team
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