Fact sheet: Fidelity China Consumer

Fund information
Fund name
Fidelity China Consumer W Acc
Fund manager company
Fidelity International (FIL In
Fund type
OEIC
Fund manager
  • Raymond Masince 13/09/2011
Fund objective
The Fund’s investment objective is to achieve long term capital growth from a portfolio primarily made up of Chinese companies which are involved in the development, manufacture or sale of goods or services to consumers.
Benchmark
  • MSCI China
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
26.3%
1 Year rank in sector
2/11
Sector
UT China/Greater China
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.
1.06%
Fund size
£33m (£22m 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.
142
Mid price
209.8
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

  • China72.5%
    Hong Kong19.1%
    Taiwan5.2%
    Money Market2.1%
    Singapore1%
  • Consumer Discretionary24.3%
    Information Technology24.2%
    Financials17.4%
    Telecommunications Utilities12.4%
    Consumer Staples8.1%
  • Chinese Equities72.5%
    Hong Kong Equities19.1%
    Taiwanese Equities5.2%
    Money Market2.1%
    Singapore Equities1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-3%1.5%25%26.3%38.8%97.2%
Sector-3.7%-0.2%23.9%22.1%28.6%64.8%
Rank within sector3 / 112 / 114 / 112 / 114 / 111 / 10
Quartile2nd1st2nd1st2nd1st
Calendar performance
 YTD - 20162015201420132012
Fund24.1%3.9%7.5%27.1%15.1%
Sector21.2%1.3%5.9%13.9%13.9%
Rank within sector3 / 114 / 117 / 112 / 104 / 10
Quartile2nd2nd3rd1st2nd
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.
3.27
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.
0.95
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.
0.53
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%.
17.78
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.
4.36
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.
0.64
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.
0.94
Price movement
52 week high227.3
52 week low141.6
Current bid price-
Current offer price-
Current mid price209.8
Region
1China72.5%
2Hong Kong19.1%
3Taiwan5.2%
4Money Market2.1%
5Singapore1%
6Cayman Islands0.1%
Industry sector
1Consumer Discretionary24.3%
2Information Technology24.2%
3Financials17.4%
4Telecommunications Utilities12.4%
5Consumer Staples8.1%
6Health Care5.6%
7Industrials3.1%
8Money Market2.1%
9Real Estate1.4%
Asset type
1Chinese Equities72.5%
2Hong Kong Equities19.1%
3Taiwanese Equities5.2%
4Money Market2.1%
5Singapore Equities1%
6American Emerging Equities0.1%
Individual holdings
1TENCENT HLDGS LTD7.71%
2CHINA MOBILE LTD7.09%
3ALIBABA GROUP HLDG LTD6.67%
4PING AN INSURANCE(GR)CO OF CHINA4.79%
5AIA GROUP LTD4.06%
6CHINA PACIFIC INSURANCE GRP CO LTD3.44%
7GALAXY ENTERTAINMENT GROUP3.32%
8SANDS CHINA LTD3.23%
9BAIDU INC2.3%
Management
Fund manager group
No data available.
Fund manager company
Fidelity International (FIL In
Fund type
OEIC
Fund objective
The Fund’s investment objective is to achieve long term capital growth from a portfolio primarily made up of Chinese companies which are involved in the development, manufacture or sale of goods or services to consumers.
Benchmark
  • MSCI China
Investment style
Growth
Investment method
Shares
Fund manager
NameSinceBiography
Raymond Ma13/09/2011Raymond Ma is a Portfolio Manager at Fidelity International based in Hong Kong with over 15 years of investment experience. Raymond joined Fidelity (Hong Kong) Ltd in 2006 as an investment analyst covering China Telecoms, Financials and Consumer stocks. Raymond was made the consumer sector leader in 2009. He was promoted to Director of Research in 2010 and subsequently took over management of the Luxembourg-domiciled FF China Consumer Fund (SICAV) in February 2011 and the UK-domiciled Fidelity China Consumer Fund (OEIC) in September 2011. Before joining Fidelity, Raymond was Assistant Director of BNP Paribas Peregrine in Shanghai from 2000 to 2006. At BNP Paribas Peregrine, Raymond had an extensive sector coverage. Raymond graduated from Fudan University, Shanghai, with a Bachelor of Law. He also holds a Master of Law degree from the same university.
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
France, United Kingdom, Guernsey, Ireland, Jersey
Fidelity China Consumer A Acc
Initial charge-
Annual charge1.5%
Min single investment£1,000
Min regular saving£250
Available in ISAYes
Ongoing charge (OCF)1.81%
Total expense ratio (TER)1.83%
Bid price-
Offer price-
Mid price184.8
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code09SG
Fidelity China Consumer W Acc
Initial charge-
Annual charge0.75%
Min single investment£1,000
Min regular saving£250
Available in ISANo
Ongoing charge (OCF)1.06%
Total expense ratio (TER)1.18%
Bid price-
Offer price-
Mid price209.8
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGMTP
Fidelity China Consumer Y Acc
Initial charge-
Annual charge1%
Min single investment£1,000
Min regular saving£250
Available in ISAYes
Ongoing charge (OCF)1.29%
Total expense ratio (TER)1.3%
Bid price-
Offer price-
Mid price190.1
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code09SF
Data provided by

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