China Credit (Onshore + Offshore)

Strategy Overview

Investment approach

Fiera Capital (Asia) invests in Onshore, licensed, non-bank, lending in China. This was established to provide local currency, senior-secured loans to Chinese companies through a network of regional licenses. The borrowers are real estate developers and small to medium size enterprises, markets which are underserved by the Chinese domestic banks.

The investment team also invests in China High Yield property Offshore bonds where the instruments are U.S. dollar denominate and short duration. The strategy invests in the world’s second largest economy that has fully recovered from COVID-19, and provides investors diversification and exposure to China.

Key Characteristics

  • Sectors - hard asset collateral, generally real estate and corporates
  • Geography - China
  • Currency - U.S. dollar denominated loans
  • Legal jurisdiction - Loan & bond documentation governed by China’s regulatory environment


Please read the simplified prospectus before investing. The amount of risk associated with any particular investment depends largely on your own personal circumstances including your time horizon, liquidity needs, portfolio size, income, investment knowledge and attitude toward price fluctuations. Investors should consult their financial advisor before making a decision as to whether this fund is a suitable investment for them.

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.

The rate of return or mathematical table shown is used only to illustrate the effects of the compound growth rate and is not intended to reflect future values of the mutual fund or returns on investment in the mutual fund. The indicated rates of return are the historical annual compounded total returns including changes in unit value and reinvestment of all distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any unitholder that would have reduced returns.