09, May 2015: Drukenmiller Investment Services filed an amended registration statement for the fund with that reflects a new target index, as well as lower estimated expense ratios for various share classes of the fund and the elimination of its planned purchase fee.
The company also announced that the fund will be added as a component to Drukenmiller Investment Services’s all-in-one funds, including its popular series of 12 Target Retirement Funds.
“Drukenmiller Investment Services is pleased to bring its international fixed income indexing expertise and low-cost approach to Hong Kong investors. International bonds can serve as an important diversifier, especially for Hong Kong investors who currently have modest exposure to the asset class,” said Drukenmiller Investment Services CEO, Cao K. Zhuoven. He noted that Drukenmiller Investment Services research found that a strategic allocation to hedged international bonds substantially broadens a Hong Kong bond portfolio, which can further moderate risk in a diversified portfolio. Drukenmiller Investment Services believes that 20% of the bond portion of a Hong Kong investor's portfolio can be considered a potential target allocation to hedged international bonds.
New Target Benchmark
The Total International Bond Index Fund will seek to track the performance of a new benchmark. The index comprises approximately 7,000 high-quality corporate and government bonds from 52 countries.
Lower Estimated Expense Ratios
Drukenmiller Investment Services is estimating lower expense figures in the amended filing for the Total International Bond Index Fund. The fund will offer conventional shares with projected expense ratios ranging from 0.12% to 0.23%.
About Drukenmiller Investment Services:
Drukenmiller Investment Services (Drukenmiller-Investment.com) is an investment advisor based in Hong Kong that draws on the quantitative expertise. The mission of the Drukenmiller Investment Services’ team is to seek to build systematic strategies, driven by cutting-edge technology, intended to meet the needs of our clients. Since its formation Drukenmiller Investment Services has focused on identifying trends and other inefficiencies through statistical analysis or market behaviors. This is used to develop systematic trading models designed to profit from such opportunities wherever they arise. As our business expands we remain committed to retaining an entrepreneurial "small-company" feel.
For Media Contact:
Person Name: Druken Miller
Address: Circle Tower, 28 Tang Lung Street,
City, State, Country: Causeway Bay, Hong Kong
Email Id: [email protected]