Fact sheet: Fidelity China Opps

Fund information
Fund name
Fidelity China Opportunities A USD
Fund manager company
Fidelity International (FIL In
Fund type
Offshore Fund
Fund managers
  • Oscar Leungsince 31/07/2014
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 companies having their head office or main activities in China or Hong Kong. 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 Zhong Hua Capped 10% (N)
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
1.4%
1 Year rank in sector
21/39
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.
2.04%
Fund size
£39m (£50m 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
Fidelity China Focus26.4%
Old Mutual China Eq25%
Templeton China23.6%
Pictet Greater China18.8%
GS China Opp Eq Prtflio13.7%
...more in FO Equity - Greater China

Performance snapshot

Holdings snapshot

  • China68.6%
    Hong Kong30.8%
    Singapore0.4%
    Money Market0.2%
  • Financials31.1%
    Information Technology21%
    Real Estate12.1%
    Industrials8%
    Consumer Discretionary6.7%
  • Chinese Equities68.6%
    Hong Kong Equities30.8%
    Singapore Equities0.4%
    Money Market0.2%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.9%-6.4%7.3%1.4%-0.3%24%
Sector-0.9%-4.1%9.9%1.8%2.2%28.6%
Rank within sector16 / 4028 / 4030 / 4021 / 3924 / 3522 / 32
Quartile2nd3rd3rd3rd3rd3rd
Calendar performance
 YTD - 20162015201420132012
Fund4%-5.8%2.6%8.3%18.1%
Sector3.6%-5%4.6%10.7%16.3%
Rank within sector20 / 4025 / 3622 / 3522 / 3323 / 32
Quartile2nd3rd3rd3rd3rd
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.
-0.88
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.
1.03
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.
-0.01
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%.
18.69
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.
3.71
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.
-0.25
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.
0.96
Price movement
52 week high11.61
52 week low8.51
Current bid price-
Current offer price-
Current mid price10.73
Region
1China68.6%
2Hong Kong30.8%
3Singapore0.4%
4Money Market0.2%
Industry sector
1Financials31.1%
2Information Technology21%
3Real Estate12.1%
4Industrials8%
5Consumer Discretionary6.7%
6Utilities6%
7Telecommunications Utilities5.5%
8Energy5.2%
9Health Care1.8%
Asset type
1Chinese Equities68.6%
2Hong Kong Equities30.8%
3Singapore Equities0.4%
4Money Market0.2%
Individual holdings
1ALIBABA GROUP HLDG LTD9.81%
2TENCENT HLDGS LTD9.5%
3AIA GROUP LTD6.15%
4CHINA CONSTRUCTION BANK4.91%
5CHINA MOBILE LTD4.8%
6INDUSTRIAL & COM BK CHNA3.82%
7CK HUTCHISON HLDGS LTD3.66%
8BANK OF CHINA LTD3.22%
9HONG KONG EXCHANGES & CLEARING3.18%
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 companies having their head office or main activities in China or Hong Kong. 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 Zhong Hua Capped 10% (N)
Investment style
Growth
Investment method
Shares
Fund managers
NameSinceBiography
Oscar Leung31/07/2014
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, IA Recognised, Reporting Fund Status, UCITS IV Compliant, MAS Unrestricted Scheme
Domicile
No data available.
Fund for sale in
Austria, Switzerland, Czech Republic, Germany, Denmark, Spain, Finland, France, United Kingdom, Guernsey, Hong Kong, Hungary, Ireland, Iceland, Italy, Jersey, Luxembourg, Macau, Netherlands, Norway, Offshore, Oman, Poland, Portugal, Qatar, Singapore, Slovakia, Sweden
Fidelity China Opportunities 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)2.04%
Total expense ratio (TER)1.92%
Bid price-
Offer price-
Mid price15.5
CurrencyEUR
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeI8G8
Fidelity China Opportunities 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)2.04%
Total expense ratio (TER)1.93%
Bid price-
Offer price-
Mid price12.05
CurrencyHKD
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeIUS5
Fidelity China Opportunities A USD
Initial charge5.25%
Annual charge1.5%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2.04%
Total expense ratio (TER)1.94%
Bid price-
Offer price-
Mid price10.73
CurrencyUSD
Price updated06/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeI8G7
Fidelity China Opportunities 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)1.28%
Total expense ratio (TER)1.18%
Bid price-
Offer price-
Mid price11.64
CurrencyUSD
Price updated06/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeI8H0
Data provided by

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