Fact sheet: Fidelity China Focus

Fund information
Fund name
Fidelity China Focus Y GBP
Fund manager company
Fidelity International (FIL In
Fund type
Offshore Fund
Fund managers
  • Jing Ningsince 01/11/2013
Fund objective
Aims to provide long-term capital growth with the level of income expected to be low. At least 70% invested in the shares of Chinese companies listed in China and Hong Kong as well as non-Chinese companies that have a significant portion of their activities in China. The fund may invest its net assets directly in China A and B shares. Has the freedom to invest outside the fund's principal geographies, market sectors, industries or asset classes. Can use derivatives with the aim of risk or cost reduction or to generate additional capital or income in line with the fund's risk profile. The fund has discretion in its choices of investments within its objectives and policies. Income is reinvested in additional shares or paid to shareholders on request. Shares can usually be bought and sold each business day of the fund. This fund may not be appropriate for investors who plan to sell their shares in the fund within 5 years. Investment in the fund should be regarded as a long-term investment.
Benchmark
  • MSCI China Capped 10%
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
41%
1 Year rank in sector
-
Sector
FO Equity - 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.
1.15%
Fund size
£3,662m (£6,287m 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.
148
Top in this sector
Fund name1 Year
Templeton China41.4%
Fidelity China Focus41%
Old Mutual China Eq36.5%
GS China Opp Eq Prtflio31.7%
Pictet Greater China31.6%
...more in FO Equity - Greater China

Performance snapshot

Holdings snapshot

  • China95.9%
    Hong Kong2.2%
    Money Market1.9%
  • Financials30.4%
    Information Technology14.8%
    Consumer Discretionary13.3%
    Energy10.8%
    Industrials8.1%
  • Chinese Equities95.9%
    Hong Kong Equities2.2%
    Money Market1.9%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund5%19.5%30.2%41%61.3%97.4%
Sector3.9%16.3%16.7%17%13.8%43.5%
Rank within sector------
Quartile
Calendar performance
 YTD - 20162015201420132012
Fund24.8%5.4%19.6%8.6%12%
Sector8.4%-5%4.6%10.7%16.3%
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.
11.26
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.
0.94
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%.
19.95
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.
10.31
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.
1.01
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.
0.73
Price movement
52 week high1.67
52 week low1.11
Current bid price-
Current offer price-
Current mid price1.66
Region
1China95.9%
2Hong Kong2.2%
3Money Market1.9%
Industry sector
1Financials30.4%
2Information Technology14.8%
3Consumer Discretionary13.3%
4Energy10.8%
5Industrials8.1%
6Real Estate6.5%
7Materials5.2%
8Telecommunications Utilities3.7%
9Consumer Staples3.6%
Asset type
1Chinese Equities95.9%
2Hong Kong Equities2.2%
3Money Market1.9%
Individual holdings
1TENCENT HLDGS LTD7.55%
2CHINA CONSTRUCTION BANK6.9%
3INDUSTRIAL & COM BK CHNA5.92%
4CHINA LIFE INSURANCE CO4.14%
5ALIBABA GROUP HLDG LTD3.71%
6CNOOC3.71%
7CHINA PETROLEUM & CHEMICAL CORP3.32%
8CHINA OVERSEAS LAND & INVESTMNTS3.28%
9CHINA MERCHANTS BANK CO LTD2.77%
Management
Fund manager group
Fidelity
Fund manager company
Fidelity International (FIL In
Fund type
Offshore Fund
Fund objective
Aims to provide long-term capital growth with the level of income expected to be low. At least 70% invested in the shares of Chinese companies listed in China and Hong Kong as well as non-Chinese companies that have a significant portion of their activities in China. The fund may invest its net assets directly in China A and B shares. Has the freedom to invest outside the fund's principal geographies, market sectors, industries or asset classes. Can use derivatives with the aim of risk or cost reduction or to generate additional capital or income in line with the fund's risk profile. The fund has discretion in its choices of investments within its objectives and policies. Income is reinvested in additional shares or paid to shareholders on request. Shares can usually be bought and sold each business day of the fund. This fund may not be appropriate for investors who plan to sell their shares in the fund within 5 years. Investment in the fund should be regarded as a long-term investment.
Benchmark
  • MSCI China Capped 10%
Investment style
Growth
Investment method
Shares
Fund managers
NameSinceBiography
Jing Ning01/11/2013Jing Ning has 14 years investment experience and has been portfolio manager of the Fidelity China Fund since 2013. Jing has managed Chinese equities for nine years; she joined BlackRock in 2008 to launch a new dedicated China equity fund, which she managed for five years. Prior to BlackRock, Jing Ning worked for AIG Investments from 1999 to 2007 where she worked as Head of Chinese Equities in Shanghai from 2004, managing two China A-share funds. Jing was educated in China and the US gaining a BA degree from Tsinghua University in Beijing and an MBA from the University of Rochester. She is also a Chartered Financial Analyst holder.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, CPF Ordinary, IA Recognised, Reporting Fund Status, SRS, UCITS IV Compliant, UCITS V Compliant, MAS Unrestricted Scheme
Domicile
No data available.
Fund for sale in
Austria, Belgium, Bahrain, Switzerland, Chile, Czech Republic, Germany, Denmark, Spain, Finland, France, United Kingdom, Guernsey, Hong Kong, Hungary, Ireland, Iceland, Italy, Jersey, Republic Of Korea, Luxembourg, Macau, Malta, Netherlands, Norway, Offshore, Oman, Peru, Poland, Portugal, Qatar, Singapore, Slovakia, Sweden, Taiwan - Province Of China, United Arab Emirates
Fidelity China Focus A Acc EUR
Initial charge5.25%
Annual charge1.5%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.91%
Total expense ratio (TER)1.92%
Bid price-
Offer price-
Mid price14.29
CurrencyEUR
Price updated29/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeCYV2
Fidelity China Focus A Acc HKD
Initial charge5.25%
Annual charge1.5%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.91%
Total expense ratio (TER)1.92%
Bid price-
Offer price-
Mid price13.65
CurrencyHKD
Price updated29/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0VQW
Fidelity China Focus A Acc USD
Initial charge-
Annual charge1.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price8.673
CurrencyUSD
Price updated29/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFU0C
Fidelity China Focus A GBP
Initial charge5.25%
Annual charge1.5%
Min single investment£2,500
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)1.91%
Total expense ratio (TER)1.92%
Bid price-
Offer price-
Mid price5.356
CurrencyGBP
Price updated29/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFY88
Fidelity China Focus A SGD
Initial charge5.25%
Annual charge1.5%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.91%
Total expense ratio (TER)1.92%
Bid price-
Offer price-
Mid price1.626
CurrencySGD
Price updated29/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeA2A5
Fidelity China Focus A USD
Initial charge5.25%
Annual charge1.5%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.91%
Total expense ratio (TER)1.92%
Bid price-
Offer price-
Mid price55.45
CurrencyUSD
Price updated29/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFT75
Fidelity China Focus C USD
Initial charge-
Annual charge1.5%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2.91%
Total expense ratio (TER)2.92%
Bid price-
Offer price-
Mid price9.252
CurrencyUSD
Price updated22/01/2015
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeEEC8
Fidelity China Focus D Acc EUR
Initial charge4%
Annual charge1.5%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price11.97
CurrencyEUR
Price updated29/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE8JL
Fidelity China Focus E Acc EUR
Initial charge-
Annual charge1.5%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2.65%
Total expense ratio (TER)2.67%
Bid price-
Offer price-
Mid price16.3
CurrencyEUR
Price updated29/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code10YK
Fidelity China Focus SR Acc SGD
Initial charge5.25%
Annual charge1.3%
Min single investment£1,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1.655
CurrencySGD
Price updated29/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFUFX
Fidelity China Focus Y Acc EUR
Initial charge-
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.16%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price15.47
CurrencyEUR
Price updated29/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFC7R
Fidelity China Focus Y Acc HKD
Initial charge-
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price11.26
CurrencyHKD
Price updated29/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE05L
Fidelity China Focus Y Acc USD
Initial charge-
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.16%
Total expense ratio (TER)1.17%
Bid price-
Offer price-
Mid price16.67
CurrencyUSD
Price updated29/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeMEZ1
Fidelity China Focus Y GBP
Initial charge-
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.15%
Total expense ratio (TER)1.17%
Bid price-
Offer price-
Mid price1.66
CurrencyGBP
Price updated29/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeMEZ2
Fidelity China Focus Y SGD
Initial charge-
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1.078
CurrencySGD
Price updated29/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeE05M
Fidelity China Focus Y USD
Initial charge-
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.15%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price12.5
CurrencyUSD
Price updated29/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFCGZ
Data provided by

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