Fact sheet: FL Hend China Opp EP

Fund information
Fund name
FL Henderson China Opportunities EP
Fund manager company
Friends Life
Fund type
Pension Fund
Fund managers
  • May Ling Weesince 30/09/2015
  • Charlie Awdrysince 11/06/2006
Underlying fund
Henderson China Oppos
Fund objective
Henderson state that the objective of the fund is growth of investments over the long term. The policy under normal circumstances is to invest mainly in shares of Chinese companies in any industry and shares of non Chinese companies that carry out a predominant proportion of their activities in Hong Kong or China. The fund may also invest in any other type of security that is consistent with its objective, money market instruments, bank deposits, American depositary receipts (ADRs) and derivatives.
Benchmark
  • MSCI AC Zhong Hua
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
23.6%
1 Year rank in sector
183/266
Sector
PN Global Emerging Markets
Yield
-
Fund size
£0m (£0m 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.
149
Bid price
438.2
Offer price
438.2
Top in this sector
Fund name1 Year
OMW IPL IFDSHdsnRwFTSERAFIEMPn46.8%
AXA Wealth Aber LatAm Eq Pn42.7%
Zurich Jupiter Emg Eurp Opp Pn38.4%
Canlife Jup Emg Eurpn Opps Pn36.6%
LV= Jupiter Emg European Opps Pn36.5%
...more in PN Global Emerging Markets

Performance snapshot

Holdings snapshot

  • China80%
    Hong Kong15.5%
    Money Market3.9%
    Sweden0.6%
  • Technology20%
    Insurance12.5%
    Retail11.9%
    Telecommunications8.1%
    Automotive7.6%
  • Chinese Equities80%
    Hong Kong Equities15.5%
    Money Market3.9%
    Swedish Equities0.6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-3.9%-0.5%23.8%23.6%41.2%70.8%
Sector-5.5%-0.9%18.8%24.7%18.9%24.4%
Rank within sector66 / 274107 / 27333 / 270183 / 26616 / 22813 / 187
Quartile1st2nd1st3rd1st1st
Calendar performance
 YTD - 20162015201420132012
Fund22.6%3.1%13.2%18.6%4.6%
Sector26.2%-8.5%3%-3.4%13.2%
Rank within sector212 / 26724 / 25519 / 22811 / 209176 / 188
Quartile4th1st1st1st4th
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.
8.52
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.
0.61
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%.
17.84
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.
10.05
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.
0.75
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.
0.69
Price movement
52 week high487.6
52 week low296.1
Current bid price438.2
Current offer price438.2
Current mid price-
Region
1China79.96%
2Hong Kong15.53%
3Money Market3.88%
4Sweden0.63%
Industry sector
1Technology20.04%
2Insurance12.54%
3Retail11.9%
4Telecommunications8.11%
5Automotive7.57%
6Health Care5.7%
7Health & Household5.09%
8Financial Services4.76%
9Building & Construction4.07%
Asset type
1Chinese Equities79.96%
2Hong Kong Equities15.53%
3Money Market3.88%
4Swedish Equities0.63%
Individual holdings
1ALIBABA GROUP HLDG LTD9.25%
2TENCENT HLDGS LIMITED9.11%
3AIA GROUP LTD8.25%
4CHINA MOBILE LTD6.16%
5PING AN INSURANCE(GR)CO OF CHINA4.3%
6ANHUI CONCH CEMENT CO LTD4.07%
7SINA CORP3.72%
8CNOOC3.46%
9CHINA SHENHUA ENERGY CO LTD3.2%
Management
Fund manager group
Friends Life
Fund manager company
Friends Life
Fund type
Pension Fund
Fund objective
Henderson state that the objective of the fund is growth of investments over the long term. The policy under normal circumstances is to invest mainly in shares of Chinese companies in any industry and shares of non Chinese companies that carry out a predominant proportion of their activities in Hong Kong or China. The fund may also invest in any other type of security that is consistent with its objective, money market instruments, bank deposits, American depositary receipts (ADRs) and derivatives.
Benchmark
  • MSCI AC Zhong Hua
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
May Ling Wee30/09/2015May Ling Wee joined Henderson as an investment manager in 2015, and has almost 20 years’ industry experience. Previously, she was a portfolio manager with Lloyd George Management in Hong Kong, managing Greater China and Hong Kong equities. May Ling began her investment career as a research analyst in Dresdner Kleinwort Wasserstein Securities, Singapore and subsequently Hong Kong. Prior to that, she was an investment analyst with Deutsche Bank, Hong Kong. May Ling holds a BCom (Economics and Finance) from the University of New South Wales, Sydney and is a CFA charterholder.
Charlie Awdry11/06/2006Charlie Awdry has more than a decade of experience investing in China equities. He joined Henderson in 2011 as part of the Gartmore acquisition where he had been a key member of the emerging markets team since 2001. Charlie assumed the role of investment manager and began managing Chinese equities in 2003. As a sector specialist he conducted research into the industrials and materials sectors for Global Emerging Markets products. After a period of working in Hong Kong in 2005 and 2006 Charlie returned to London and became the China fund manager at Gartmore in 2006. Charlie is a CFA charterholder and holds a first class BSc (Hons) degree in Geography from the University of Bristol.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
FL Henderson China Opportunities EP
Initial charge-
Annual charge1.25%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.48%
Bid price438.2
Offer price438.2
Mid price-
CurrencyGBX
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeBRP2
FL Henderson China Opportunities EP S3
Initial charge-
Annual charge1.25%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.48%
Bid price438.2
Offer price438.2
Mid price-
CurrencyGBX
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeBRP3
Data provided by

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