Introduction

Everbright Dynamic Bond Fund is tailored for professional investors with USD assets. The fund seeks stable absolute return through investment primarily in offshore Chinese corporate securities including investment-grade, high yield and convertible bonds. Leverage and derivative could be employed to enhance yield and control risks.

Investment Philosophy

• We believe there are inefficiencies in the offshore Chinese corporate debt markets arising from investor emotions, market complexities and conflicting institutional constraints
• We combine fundamental credit and economic insights with proprietary quantitative research in seeking to exploit such inefficiencies

Investment Strategy

• Tactical asset allocation across investment grade, high yield and convertible bonds
• Chinese corporates focus but may selectively diversify into other Asian names
• Diversification across industrial sectors and issuers
• Prudent use of leverage to enhance yield
• Currency overlay to monetize implied carry and capture potential appreciation
• Potential use of hedging against systematic risks

Our Edges

• Cross-border asset management platform and research network
• Experienced investment team