Fact sheet: FL Henderson China Opp AP

Fund information
Fund name
FL Henderson China Opportunities AP
Fund manager company
Friends Life
Fund type
Pension Fund
Fund managers
  • Charlie Awdrysince 11/06/2006
  • May Ling Weesince 30/09/2015
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
54.8%
1 Year rank in sector
75/266
Sector
PN Global Emerging Markets
Yield
-
Fund size
£10m (£8m 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.
145
Top in this sector
Fund name1 Year
AXA Wealth Aber LatAm Eq Pn83.7%
OMW IPL IFDSHdsnRwFTSERAFIEMPn81.7%
OMW BlackRock Lat Am Inv Tst73.5%
Aviva Thredndl Lat Amer Pn71.8%
OMW Threadneedle Latin Am70.8%
...more in PN Global Emerging Markets

Performance snapshot

Holdings snapshot

  • China81.5%
    Hong Kong16.1%
    Money Market1.7%
    Sweden0.6%
  • Technology22.6%
    Insurance13.4%
    Retail9.6%
    Health Care7.8%
    Automotive6.9%
  • Chinese Equities81.5%
    Hong Kong Equities16.1%
    Money Market1.7%
    Swedish Equities0.6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund3.5%7.3%11.6%54.8%69.3%89.3%
Sector3%10.7%7.5%49.6%41%29.3%
Rank within sector104 / 275246 / 27432 / 27175 / 26611 / 2272 / 191
Quartile2nd4th1st2nd1st1st
Calendar performance
 YTD - 20172016201520142013
Fund8.9%25%4.5%14.6%20.1%
Sector7.3%31.9%-8.5%3%-3.4%
Rank within sector48 / 271217 / 26516 / 25313 / 2265 / 207
Quartile1st4th1st1st1st
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.
7.39
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.
0.93
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.
0.81
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%.
17.98
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.
10.67
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.
0.57
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.
0.65
Price movement
52 week high855.1
52 week low555.8
Current bid price-
Current offer price-
Current mid price843.1
Region
1China81.54%
2Hong Kong16.11%
3Money Market1.73%
4Sweden0.61%
Industry sector
1Technology22.58%
2Insurance13.4%
3Retail9.62%
4Health Care7.83%
5Automotive6.93%
6Household Goods6.35%
7Telecommunications6.25%
8Oil & Gas5.81%
9Industrials5.39%
Asset type
1Chinese Equities81.54%
2Hong Kong Equities16.11%
3Money Market1.73%
4Swedish Equities0.61%
Individual holdings
1TENCENT HLDGS LIMITED10.02%
2ALIBABA GROUP HLDG LTD9.25%
3AIA GROUP LTD8.9%
4PING AN INSURANCE(GR)CO OF CHINA4.68%
5CHINA MOBILE LTD4.58%
6NETEASE INC4.32%
7CNOOC3.5%
8ANHUI CONCH CEMENT CO LTD3.46%
9SINA CORP3.23%
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
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.
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.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
FL Henderson China Opportunities AP
Initial charge-
Annual charge0.88%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price843.1
CurrencyGBX
Price updated20/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeEY49
FL Henderson China Opportunities AP Inet
Initial charge-
Annual charge1.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.83%
Bid price-
Offer price-
Mid price790.4
CurrencyGBX
Price updated20/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeEM09
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.