Fact sheet: Baillie Gifford Greater China

Fund information
Fund name
Baillie Gifford Greater China B Acc
Fund manager company
Baillie Gifford
Fund type
OEIC
Fund managers
  • Mike Gushsince 31/03/2009
  • Sophie Earnshawsince 14/01/2016
Fund objective
The objective is to produce capital growth over the long term by investing primarily in the shares of companies that are either domiciled, incorporated or conduct a significant portion of their operations in one or more of mainland China, Hong Kong or Taiwan. The ACD will determine what constitutes conducting a significant portion of a company’s operations in a country and in doing so the ACD will consider various factors including whether the majority of the company’s revenues or profits are derived from or the majority of its assets are in that country. The Fund may also invest in shares of companies that are listed in mainland China, Hong Kong or Taiwan. From time to time the portfolio may be concentrated and contain around only forty stocks. Up to (but no more than) 10% in value of the Fund may be invested in each of the following: collective investment schemes and deposits.
Benchmark
  • MSCI Golden Dragon Index
Investment style
Concentrated,Growth
Investment method
Shares
Quick stats
1 Year return
27.1%
1 Year rank in sector
1/11
Sector
UT China/Greater China
Yield
0.7%
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.
0.85%
Fund size
£13m (£6m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
146
Mid price
328.4
Top in this sector
Fund name1 Year
Baillie Gifford Greater China27.1%
Fidelity China Consumer26.3%
Henderson China Oppos25.8%
First State GtrChina Gth25.5%
Old Mutual Hend Chn Opps24.6%
...more in UT China/Greater China

Performance snapshot

Holdings snapshot

  • China52%
    Taiwan32.8%
    Hong Kong13.7%
    Money Market1.5%
  • No data available.
  • Chinese Equities52%
    Taiwanese Equities32.8%
    Hong Kong Equities13.7%
    Money Market1.5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-3%0.5%26.3%27.1%47.5%88.4%
Sector-3.7%-0.2%23.9%22.1%28.6%64.8%
Rank within sector4 / 114 / 112 / 111 / 111 / 113 / 10
Quartile2nd2nd1st1st1st2nd
Calendar performance
 YTD - 20162015201420132012
Fund27.8%4%10.7%13.3%15%
Sector21.2%1.3%5.9%13.9%13.9%
Rank within sector1 / 113 / 115 / 117 / 105 / 10
Quartile1st2nd2nd3rd2nd
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.
5.35
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.
0.92
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.
0.63
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%.
18.01
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.
6.78
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.
0.65
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.
0.85
Price movement
52 week high358.4
52 week low215
Current bid price-
Current offer price-
Current mid price328.4
Region
1China52%
2Taiwan32.8%
3Hong Kong13.7%
4Money Market1.5%
Industry sector
No data available.
Asset type
1Chinese Equities52%
2Taiwanese Equities32.8%
3Hong Kong Equities13.7%
4Money Market1.5%
Individual holdings
1TAIWAN SEMICONDUCTOR MANUFACTURING9.3%
2TENCENT HLDGS LTD9%
3ALIBABA GROUP HLDG LTD8.6%
4AIA GROUP LTD5.2%
5HON HAI PRECISION INDUSTRY4.1%
6BAIDU.COM4%
7CTRIP COM INTERNATIONAL3.4%
8JD.COM3.1%
9PING AN INSURANCE(GR)CO OF CHINA2.9%
Management
Fund manager group
Baillie Gifford
Fund manager company
Baillie Gifford
Fund type
OEIC
Fund objective
The objective is to produce capital growth over the long term by investing primarily in the shares of companies that are either domiciled, incorporated or conduct a significant portion of their operations in one or more of mainland China, Hong Kong or Taiwan. The ACD will determine what constitutes conducting a significant portion of a company’s operations in a country and in doing so the ACD will consider various factors including whether the majority of the company’s revenues or profits are derived from or the majority of its assets are in that country. The Fund may also invest in shares of companies that are listed in mainland China, Hong Kong or Taiwan. From time to time the portfolio may be concentrated and contain around only forty stocks. Up to (but no more than) 10% in value of the Fund may be invested in each of the following: collective investment schemes and deposits.
Benchmark
  • MSCI Golden Dragon Index
Investment style
Concentrated,Growth
Investment method
Shares
Fund managers
NameSinceBiography
Mike Gush31/03/2009Mike graduated MEng in Mechanical Engineering from Durham University in 2003. He joined Baillie Gifford in the same year and worked in the UK and Japanese Equity Teams before moving to the Emerging Markets Equity Team in 2005, where he is an Investment Manager. Mike is CFA Charter holder.
Sophie Earnshaw14/01/2016Sophie graduated MA in English Literature from the University of Edinburgh in 2008 and MPhil in Eighteenth Century and Romantic Literature from the University of Cambridge in 2009. She joined Baillie Gifford in 2010 and is an Investment Manager in the Emerging Markets Equity Team. Sophie has been a CFA Charter holder since 2014.
Compliance
IA Recognised, UCITS V Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
Baillie Gifford Greater China A Acc
Initial charge5%
Annual charge1.5%
Min single investment£1,000
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)1.6%
Total expense ratio (TER)1.6%
Bid price-
Offer price-
Mid price315.4
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeCSF4
Baillie Gifford Greater China B Acc
Initial charge1%
Annual charge0.75%
Min single investment£10,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.85%
Total expense ratio (TER)0.85%
Bid price-
Offer price-
Mid price328.4
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeCSF5
Baillie Gifford Greater China B Inc
Initial charge1%
Annual charge0.75%
Min single investment£10,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.85%
Total expense ratio (TER)0.85%
Bid price-
Offer price-
Mid price302.8
CurrencyGBX
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFEB8
Data provided by

The Content is only for your general information and use and is not intended to address your particular requirements. The Content does not constitute any form of advice, recommendation or arrangement by Moneywise and is not intended to be relied upon by you in making (or refraining from making) any specific investment or other decisions. Appropriate independent advice should be obtained before making any such decision.

This information is sourced from our partner Financial Express. We believe the data to be correct however you should take care in using any information.

You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.