Homepage
PR Newswire
29-03-2016, 04:40 PM
I looked at this before. There's a high China exposure and an effective yield to maturity (after minus fees) of <7%.
A number of the bonds on their asset list are trading at very low prices (implying default or near default). The NAV may be based on illiquid values and you may not realize that in a stress situation.
To my mind, the yield isn't high enough to tempt me yet to compensate for market and non-market risks (illiquidity of underlying portfolio and default risks) yet.
A number of the bonds on their asset list are trading at very low prices (implying default or near default). The NAV may be based on illiquid values and you may not realize that in a stress situation.
To my mind, the yield isn't high enough to tempt me yet to compensate for market and non-market risks (illiquidity of underlying portfolio and default risks) yet.