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OFST010220 – Has Embedded Derivatives
If the prospectus allows the usage of derivatives for Efficient Portfolio Management, it will not be classified as a derivative product, i.e. it has no embedded derivatives. "Yes" means that the fund might be classified as a derivative product and therefore might be classified as riskier.
Efficient Portfolio Management includes: 1) Hedging purposes 2) Cash Management 3) Providing access to restricted markets
Any usage of derivatives outside of the Efficient Portfolio Management definition above will cause the fund to be considered as a derivative product.
More information can be found in the Consultation Paper on Proposed Amendments to the Code on Unit Trusts and Mutual Funds: https://apps.sfc.hk/edistributionWeb/api/consultation/openFile?lang=EN&refNo=17CP8 https://apps.sfc.hk/edistributionWeb/api/circular/openFile?lang=EN&refNo=H683
| Property | Value |
|---|---|
| OF-ID | OFST010220 |
| Name | Has Embedded Derivatives |
| Area | Static data |
| Level | Fund |
| Format | yes / no |
| Tags | Additional |
| Introduced in | openfunds 0.9 |
Allowed values
yes, no
Example
yes
FundsXML 4 mapping
FundsXML 4.2.11 has no element for this field. The converter keeps the value as CustomAttributes/Attribute named OF_OFST010220 on the share class (or position), so FundsXML → openfunds restores it unchanged.
The field mapping table lists every field; openfunds to FundsXML explains the rules behind it.
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