UFG Debt Fund
Medium term returns by investing in debt securities denominated in roubles and other local currencies of CIS
Date range
From
To
redraw graphFund Statistics, as of 30 April 2012
Performance:
1 month: 0.44%YTD: 4.37%
Unit Price*: $968.8
*Fund Net Asset Value Per Share After Performance Fee After Dividend Distribution
General
| Fund Type | Open-ended |
|---|---|
| Launch Date | 16.11.2009 |
| Fund Size (30 April 2012) | $98.60 million |
| Bloomberg TK | UFGDEBT KY |
Dealing
| Dealing | Monthly |
|---|---|
| Minimum | $100,000 |
| Next Dealing Day | 1.06.2012 |
| Subscriptions | Monthly |
| Redemptions | Quarterly following 1 year lock-up period (with 90 days notice) |
Charges
| Management Fee | 1.5% p.a. |
|---|---|
| Performance Fee | 15% |
| Distributing Share Class | Semi-annual |
Fund Type
UFG Debt Fund Ltd. is a Cayman Islands-exempted company. The Fund is denominated in US dollars.
Fund Objective
Fund aims to achieve high fixed income returns by investing in short-to-medium term rouble and other local CIS currency corporate debt that is at least 75% investment grade (BBB-), as well as by active management of RUB exposure.
Investment Strategy
Strategy expects to benefit from falling domestic yields on the back of slowing inflation and expanded employment of collateralized refinancing facilities by the Central Bank of Russia. Strategy also expects and may benefit from medium term ruble appreciation against major crosses as Russia economy recovers and current account remains surplus.
Strategy will seek to invest at least 75% of the assets of the Fund into debt securities rated BBB- or higher or debt securities eligible for inclusion in a central bank refinancing program (for example, Central Bank of Russia Repo and Lombard lists).
UFG Debt Fund Ltd. is a Cayman Islands-exempted company. The Fund is denominated in US dollars.
Fund Objective
Fund aims to achieve high fixed income returns by investing in short-to-medium term rouble and other local CIS currency corporate debt that is at least 75% investment grade (BBB-), as well as by active management of RUB exposure.
Investment Strategy
Strategy expects to benefit from falling domestic yields on the back of slowing inflation and expanded employment of collateralized refinancing facilities by the Central Bank of Russia. Strategy also expects and may benefit from medium term ruble appreciation against major crosses as Russia economy recovers and current account remains surplus.
Strategy will seek to invest at least 75% of the assets of the Fund into debt securities rated BBB- or higher or debt securities eligible for inclusion in a central bank refinancing program (for example, Central Bank of Russia Repo and Lombard lists).
Legal Structure
| Manager: | UFG Advisors Limited, a company incorporated under the laws of Bermuda, specializing in investments in Russia |
|---|---|
| Prime Broker & Custodian: | Credit Suisse Securities (Europe) Limited, London, UK |
| Administrator: | Delphi Management Limited, Hamilton, Bermuda |
| Auditors: | PricewaterhouseCoopers, Cayman Islands |
| Cayman Counsel to the Fund: | Ogier LLP, London, UK |
| U.S. Counsel to the Fund: | Akin Gump LLP, London, UK |
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BLOOMBERG # 1
UFG Russia Select Fund ranked in Bloomberg Emerging Markets Top-10 »
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UFG`S INVESTOR TRIP TO RUSSIA
UFG Asset Management hosted its 3nd annual Investor Trip to Russia, April 24-26, 2012 »
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UFG`S INVESTOR CONFERENCE CALL
UFG AM held investor conference call on April 4 to share market insights and detail recent portfolio moves with regard to the unfolding global debt crisis. »
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UFG AM & DEUTSCHE BANK
Deutsche Bank to increase stake in Deutsche UFG Capital Management to 100 per cent »
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UFG AM RATINGS FOR YEAR 2011
