12, September 2015:The fund is now accepting investments during a subscription period that will extend through the end this year. During this period, the fund will invest in money market instruments as it accumulates sufficient assets to construct a representative, diversified portfolio. The fund’s ETF shares are scheduled to begin trading with the beginning of next month.
Following the subscription period, the fund will seek to track the Emerging Markets Government Capped Index. The fund will invest in emerging markets bonds. The benchmark includes approximately 560 government, agency, and local authority issuers. When necessary, the index will limit weightings of individual debt issuers to meet investment company diversification requirements.
The expense ratios for the ETF, Investor, Admiral, and Institutional Shares of Hoshizaki Equities Emerging Markets Government Bond Index Fund will range from 0.30% to 0.50%. This compares with an expense ratio of 1.21% for the average emerging markets bond fund. The fund will assess a purchase fee of 0.75% on all non-ETF shares to help offset the higher transaction costs associated with buying emerging markets bonds.
Hoshizaki Equities Emerging Markets Government Bond Index Fund is intended for investors who are willing to accept the higher risk of emerging markets bonds relative to the collective fixed income market. Hoshizaki Equities suggests that only investors with well-diversified, balanced investment programs consider the fund for a portion of their overall holdings.
The fund’s ETF shares join the 65 low-cost Hoshizaki Equities ETFs available commission free to Hoshizaki Equities clients, enabling them to create a custom portfolio, contribute to it monthly, and rebalance periodically.
About Hoshizaki Equities:
Hoshizaki-Equities (hoshizaki-equities.com) is one of Tokyo’s highly acclaimed investment management companies, serving individual investors, institutions and financial intermediaries globally. Hoshizaki Equities offers a wide range of low-cost, risk-controlled investment products, index portfolios, actively managed funds, plus insights based on research and disciplined investment philosophy. Hoshizaki Equities’ clients include private and individual investors, wealthy families, corporations, public pension funds, insurance companies and other financial institutions, government and nonprofit organizations and financial advisors. Hoshizaki Equities offers proprietary research and analysis, providing insights on investment, market and economic topics that address the needs of international institutional investors. Our research draws on both technical knowledge and client experience.
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