HONG KONG, March 1, 2018 /PRNewswire/ -- Harvest Global Investments Limited ("HGI"), the Asian and Chinese markets specialist asset manager, announced today that its Harvest Asian Bond Fund has won the 2018 Thomson Reuters Lipper Fund Award for the Best International Income Fund, based on the fund's three-year performance.
Thomson Reuters Lipper Fund Awards honor funds and fund management firms that have excelled in providing consistently strong risk-adjusted performance relative to similar funds, based on Lipper's proprietary performance-based methodology.
Launched in 2013, the award-winning Harvest Asian Bond Fund is HGI's first offering in the U.S. The fund seeks long-term returns through a combination of capital appreciation and current income by investing primarily in investment grade and high-yield Asian bonds and similar products. Since inception, the fund's Institutional Share Class cumulative total return has equaled 135.7%, as of January 31, 2018.
Ashley Dale, Chief Business Development Officer and Chief Marketing Officer said, "We are delighted that our Harvest Asian Bond Fund has received the Best International Income Fund award. The recognition acknowledges the commitment and excellence of our investment teams for consistently delivering superior risk-adjusted returns. Our on-the-ground team of over 200 investment professionals combines their top-pedigree international experience and deep knowledge of local markets with a sophisticated investment approach to capture promising opportunities for investors. HGI will continue to expand its international product offering and leverage its expertise in an effort to generate strong and stable returns."
Regis Dale, Chief Executive Officer of Harvest Global Investments, USA, said, "We are honored that Lipper has recognized our outstanding performance. This prestigious award is a testament to the breadth and expertise of HGI, highlighting not only our unique position as an international Chinese and Asia markets specialist, but also the benefits of our deep Chinese investment understanding and extensive U.S. investment market experience and relationships."
About Harvest Global Investments
Harvest Global Investments Limited (HGI), established in Hong Kong in 2008, has offices in London and New York. HGI combines a deeply experienced international team with on-the-ground knowledge and insights to deliver superior returns from Asian and Chinese markets to global investors.
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As of 12/31/17, 1 year performance for the Institutional Share Class was 10.4% and since inception annualized return was 6.4%. The performance data quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost, and current performance may be higher or lower than the performance shown. A short term trading fee of 1.50% may apply to redemptions if shares redeemed have been held for less than 90 days. Performance does not reflect this redemption fee. Shareholders who are charged a redemption fee would have lower account performance; however, the Fund's overall performance could be increased due to the collection of redemption fees. Gross expense ratio: 1.49%, net expense ratio: 0.89%. The advisor has contractually agreed to reduce fees and reimburse expenses until April 30, 2019. In the absence of current fee reductions, performance would be reduced.
Harvest Asian Bond Fund is formerly known as the Harvest Funds Intermediate Bond. The Fund was ranked 1 out of 84 funds. The Fund is distributed by SEI Investments Distribution Company, which is not affiliated with Harvest Global Investments Limited.
Carefully consider the fund's investment objectives, risk, and charges and expenses before investing. This and other information can be found in the fund's full or summary prospectus, which can be obtained by visiting www.harvestusa.com. Please read the prospectus carefully before investing.
Investing involves risk, including possible loss of principal. Bond and bond funds will decrease in value as interest rates rise. High yield bonds involve greater risk of default or downgrade and are more volatile than investment grade securities, due to the speculative nature of their investments. The Fund focuses its investments primarily with Chinese issuers and issuers with economic ties to China. The Fund is subject to political, social or economic instability within China which may cause decline in value. Fluctuations in currency of foreign countries may have an adverse effect to domestic currency values. Emerging markets involve heightened risk related to the same factors as well as increase volatility and lower trading volume. The Fund uses derivative instruments. The primary risk of derivative instruments is that changes in the market value of securities held by the fund and of the derivative instruments relating to those securities may not be proportionate.
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