Australia Chinese Renminbi Fund

Download PDS, Additional Information and Application Form by clicking the following links:

Australia Chinese Renminbi Fund

ARSN: 162 640 619

What is it?

The Australia Chinese Renminbi Fund is a managed investment scheme that is registered with ASIC under the Corporation Act. A managed investment scheme is where investors’ money is pooled together to purchase the scheme’s assets, and it is the Responsible Entity, not the investors, who has day to day control of the scheme.

Why invest?

Benefits of investing in the Fund

  • Gain exposure to Chinese Renminbi Yuan:
    By investing in Class A units of this Fund, you get the opportunity to gain exposure to Chinese Renminbi Yuan, the currency of China, one of the largest emerging economies in the world.
  • High liquidity:
    Most of the Fund’s assets will be highly liquid including short term bank deposits, with banks in Australia or securities issued by ADIs. You will generally be able to access your investment by submitting a Withdrawal Form.
  • Possible higher return than RMB Benchmark Demand Deposit Rate:
    The investment of Class A Units aims for a higher return than the RMB Benchmark Demand Deposit Rate, which is set by the China central bank, the People’s Bank of China. By investing in Class A Units of this Fund, you may receive a higher return than the RMB Benchmark Demand Deposit Rate.
  • Possible higher return than Cash Rate Target:
    The investment of Class B Units aims for a higher return than the Cash Rate Target, which is set by Australia’s central bank, the Reserve Bank of Australia. By investing in Class B units of this Fund, you may receive a higher return than the Cash Rate Target.
  • Professionally active management:
    The Fund is actively managed by our professional management team, in the whole process of management, including, macro analysis, fundamental analysis, portfolio construction, risk management, performance monitoring, etc.

How does the fund work?

There are two different classes of units issued in this fund. Class A units reports in Chinese Renmini Yuan (CNY) and gives investors exposure to Chinese currency by investing in CNY deposits with ADIs and Class B units reports in AUD and invests in deposits with ADIs and ADI issued securities. Distributions of earnings are paid half yearly and reinvested unless elected otherwise on the Application Form.

Who can invest?

Both Class A and B units are available to retail and wholesale investors.

How is your money invested?

Unit Class Unit Class A (CNY) Unit Class B (AUD)
Investment Objective To seek a higher return than the RMB Benchmark Demand Deposit Rate set by
the People’s Bank of China through a range of investments selected by AfsSec
To provide an opportunity for investors to gain exposure to Chinese currency
To seek a higher return than the Cash Rate Target set by the Reserve Bank of Australia through a range of investments selected by AfsSec
Minimum Suggested Time Frame 6 months 6 months
Investment Strategy Invest in CNY deposits with ADIs;
Deposits in other Currencies with higher interest rates with ADIs;
Investment in ADI issued securities;
Foreign exchange risk between CNY and AUD or other currencies is not hedged.
Invest in deposits with ADIs

Investment in ADI issued securities
Risk Level Medium Low
Indicative Asset Allocation
Asset allocation
10—80%, cash deposits with ADIs
10—80%, short term (=<180 days) deposits with ADIs
10—80%, ADI issued (short term =<150 days) securities


Currency allocation

10—90%, in CNY
10—90%, in other currencies

Asset allocation
10—80%, cash deposits with ADIs
10—80%, short term ( =<180 days ) deposits with ADIs
10—80%, ADI issued ( short term =<150 days ) securities


Currency allocation

100% in AUD

Labour, Environmental, Social and Ethical Considerations


AfsSec does not take into account labour standards or ethical considerations when selecting,
retaining or realising the assets of the Fund. AfsSec factors in environmental, social and ethical considerations
into its investment analysis processes to the extent such matters may affect performance, however,
it does not adhere to any particular set of standards, nor have a predetermined view as to what environmental,
social and ethical considerations will be taken into account or the extent to which they will be taken into
account when making investment decisions.

How to apply

To apply, please read and understand the PDS and Additional Information PDS. Fill in the Application Form then lodge the complete Application Form together with all required documents to the address specified in the Application Form. The Application Form also sets out the methods for payment of your application money.

Download PDS, Additional Information and Application Form by clicking the following links: