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 01/08/2014
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. May invest in assets directly or achieve exposure indirectly through other eligible means including derivatives. Can use derivatives with the aim of risk or cost reduction or to generate additional capital or income, including for investment purposes, in line with the fund’s risk profile. The fund has discretion in its choices of investments within its objectives and policies. Income is accumulated in the share price. 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
29.8%
1 Year rank in sector
28/39
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.
2.02%
Fund size
£42m (£39m 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.
141
Top in this sector
Fund name1 Year
Guinness Best of China52%
GS China Opp Eq Prtflio51%
Fidelity China Focus49.4%
GAM Star China Equity49%
Old Mutual China Eq48.5%
...more in FO Equity - Greater China

Performance snapshot

Holdings snapshot

  • China69.1%
    Hong Kong29.5%
    Money Market1.1%
    Singapore0.3%
  • Financials30.6%
    Information Technology21.8%
    Real Estate11.6%
    Industrials7.6%
    Consumer Discretionary7.3%
  • Chinese Equities69.1%
    Hong Kong Equities29.5%
    Money Market1.1%
    Singapore Equities0.3%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund6%6.6%13.1%29.8%21.1%48.7%
Sector4.9%6.4%13.8%32.3%23.4%52%
Rank within sector12 / 3921 / 3928 / 3928 / 3919 / 3626 / 33
Quartile2nd3rd3rd3rd3rd4th
Calendar performance
 YTD - 20172016201520142013
Fund18.7%-0.4%-5.8%2.6%8.3%
Sector18.3%0.7%-5%4.6%10.7%
Rank within sector19 / 3927 / 3927 / 3725 / 3622 / 34
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.
-0.63
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.
1.02
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.
0.16
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%.
18.74
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.
3.51
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.
-0.17
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.
0.97
Price movement
52 week high12.21
52 week low9.56
Current bid price-
Current offer price-
Current mid price12.17
Region
1China69.1%
2Hong Kong29.5%
3Money Market1.1%
4Singapore0.3%
Industry sector
1Financials30.6%
2Information Technology21.8%
3Real Estate11.6%
4Industrials7.6%
5Consumer Discretionary7.3%
6Utilities5.5%
7Telecommunications Utilities4.9%
8Energy4.7%
9Health Care2.4%
Asset type
1Chinese Equities69.1%
2Hong Kong Equities29.5%
3Money Market1.1%
4Singapore Equities0.3%
Individual holdings
1ALIBABA GROUP HLDG LTD10%
2TENCENT HLDGS LTD10%
3AIA GROUP LTD5.9%
4CHINA CONSTRUCTION BANK4.8%
5CHINA MOBILE LTD3.9%
6INDUSTRIAL & COM BK CHINA3.8%
7CK HUTCHISON HLDGS LTD3.4%
8BANK OF CHINA LTD3.2%
9PING AN INSURANCE(GR)CO OF CHINA3.1%
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. May invest in assets directly or achieve exposure indirectly through other eligible means including derivatives. Can use derivatives with the aim of risk or cost reduction or to generate additional capital or income, including for investment purposes, in line with the fund’s risk profile. The fund has discretion in its choices of investments within its objectives and policies. Income is accumulated in the share price. 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 Leung01/08/2014
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)2.02%
Total expense ratio (TER)1.92%
Bid price-
Offer price-
Mid price16.83
CurrencyEUR
Price updated23/05/2017
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)2.02%
Total expense ratio (TER)1.93%
Bid price-
Offer price-
Mid price13.72
CurrencyHKD
Price updated23/05/2017
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)2.02%
Total expense ratio (TER)1.94%
Bid price-
Offer price-
Mid price12.17
CurrencyUSD
Price updated23/05/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeI8G7
Fidelity China Opportunities Y Acc USD
Initial charge5.25%
Annual charge0.8%
Min single investment£1,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.1%
Total expense ratio (TER)1.18%
Bid price-
Offer price-
Mid price13.26
CurrencyUSD
Price updated23/05/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeI8H0
Data provided by

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