Fact sheet: Allianz Discy As Strat

Fund information
Fund name
Allianz Discovery Asia Strategy AT NAV EUR
Fund manager company
Allianz Global Investors GmbH
Fund type
Offshore Fund
Fund manager
  • Fook Cheong Woosince 11/02/2014
Fund objective
The fund seeks to generate superior risk-adjusted returns in all market phases by participating in the performance of the Discovery Asia Strategy. This Strategy is essentially a market neutral long/short equity strategy focused on the markets in the Asian-Pacific region. The Strategy is implemented by investing in certain stocks (long positions) that are perceived as undervalued while selling uncovered positions in other stocks (short positions) that appear to be overpriced. By taking long and short positions, the Strategy seeks to reduce (or even hedge out) common equity market risk. The fund participates in the performance of the Strategy by means of a derivatives structure (Total Return Swap). In this context, fund assets are invested in a portfolio of money market and fixed-income instruments.
Benchmark
  • Federal Funds Effective Rate USD
Investment style
Market Neutral
Investment method
Equity
Quick stats
1 Year return
-
1 Year rank in sector
-
Sector
FO Hedge/Stru Prod - Equity
Yield
-
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
1.85%
Fund size
£9m
Top in this sector
Fund name1 Year
MontLake ToscaMiCaUCITS22.7%
Income Partners AllSeasnAsCred18.7%
Ennismore Eurpn Smallar Cos18.4%
BlackRock SF Asia Extnn17.2%
Majedie Tortoise16.8%
...more in FO Hedge/Stru Prod - Equity

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1%-0.4%0.8%---
Sector0.4%1.2%1.3%-1.1%5.4%15.8%
Rank within sector104 / 12068 / 12255 / 116---
Quartile4th3rd2nd
Calendar performance
 YTD - 20162015201420132012
Fund-----
Sector-1.8%2.7%2.5%7.1%3.9%
Rank within sector-----
Quartile
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
-
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
-
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
-
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
-
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
-
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
-
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
-
Price movement
52 week high103.25
52 week low94.61
Current bid price-
Current offer price-
Current mid price100.33
Region
No data available.
Industry sector
No data available.
Asset type
No data available.
Individual holdings
1CHINA CONSTRUCTION BANK 1.05% BDS 30/11/166.69%
Management
Fund manager group
No data available.
Fund manager company
Allianz Global Investors GmbH
Fund type
Offshore Fund
Fund objective
The fund seeks to generate superior risk-adjusted returns in all market phases by participating in the performance of the Discovery Asia Strategy. This Strategy is essentially a market neutral long/short equity strategy focused on the markets in the Asian-Pacific region. The Strategy is implemented by investing in certain stocks (long positions) that are perceived as undervalued while selling uncovered positions in other stocks (short positions) that appear to be overpriced. By taking long and short positions, the Strategy seeks to reduce (or even hedge out) common equity market risk. The fund participates in the performance of the Strategy by means of a derivatives structure (Total Return Swap). In this context, fund assets are invested in a portfolio of money market and fixed-income instruments.
Benchmark
  • Federal Funds Effective Rate USD
Investment style
Market Neutral
Investment method
Equity
Fund manager
NameSinceBiography
Fook Cheong Woo11/02/2014
Compliance
Transparent for German Tax, UCITS V Compliant
Domicile
No data available.
Fund for sale in
Germany, United Kingdom, Italy, Luxembourg, Offshore
Allianz Discovery Asia Strategy AT EUR
Initial charge5%
Annual charge1.8%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.85%
Total expense ratio (TER)-
Bid price100.33
Offer price105.35
Mid price-
CurrencyEUR
Price updated20/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE7PD
Allianz Discovery Asia Strategy AT NAV EUR
Initial charge5%
Annual charge1.8%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.85%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price100.33
CurrencyEUR
Price updated20/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE7PC
Allianz Discovery Asia Strategy I NAV USD
Initial charge-
Annual charge1.2%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.21%
Total expense ratio (TER)1.15%
Bid price-
Offer price-
Mid price960.98
CurrencyUSD
Price updated20/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFH9G
Allianz Discovery Asia Strategy I USD
Initial charge-
Annual charge1.2%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.21%
Total expense ratio (TER)1.15%
Bid price948.73
Offer price948.73
Mid price-
CurrencyUSD
Price updated20/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFH9H
Allianz Discovery Asia Strategy IT EUR
Initial charge-
Annual charge1.2%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.21%
Total expense ratio (TER)-
Bid price905.13
Offer price905.13
Mid price-
CurrencyEUR
Price updated20/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE1XY
Allianz Discovery Asia Strategy IT NAV EUR
Initial charge-
Annual charge1.2%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.21%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price905.13
CurrencyEUR
Price updated20/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE1XX
Allianz Discovery Asia Strategy P NAV USD
Initial charge-
Annual charge1.2%
Min single investment£100,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.18%
Total expense ratio (TER)1.18%
Bid price-
Offer price-
Mid price948.73
CurrencyUSD
Price updated20/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFJIQ
Allianz Discovery Asia Strategy P USD
Initial charge-
Annual charge1.2%
Min single investment£100,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.18%
Total expense ratio (TER)1.18%
Bid price948.73
Offer price948.73
Mid price-
CurrencyUSD
Price updated20/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFJIR
Data provided by

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