Fact sheet: Fidelity FAST Asia

Fund information
Fund name
Fidelity FAST Asia I Acc USD
Fund manager company
Fidelity International (FIL In
Fund type
Offshore Fund
Fund manager
  • Suranjan Mukherjeesince 31/01/2013
Fund objective
Aims to provide long-term capital growth. At least 70% invested in shares and related instruments that provide exposure to companies that have their head office in, are listed in, or have a main part of their activity in the Asia (excluding Japan) region. 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. May also make extensive use of derivatives including more complex instruments or strategies to achieve the investment objective and these may result in leverage. In such situations performance may rise or fall more than it would have done otherwise, reflecting such additional exposure. 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 Asia Pacific ex Japan NR
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
26.3%
1 Year rank in sector
29/171
Sector
FO Equity - Asia Pacific ex Japan
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.
1.31%
Fund size
£405m (£90m 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.
109
Top in this sector
Fund name1 Year
TT International Asia Pac Eq50.8%
Fidelity Asn Spec Sits45%
Matthews Asia Pacific Tiger44.4%
Veritas Asian44.3%
Hermes AsexJap Eq44.2%
...more in FO Equity - Asia Pacific ex Japan

Performance snapshot

Holdings snapshot

  • China28%
    Korea16%
    India13.7%
    Hong Kong12.5%
    Taiwan10.2%
  • Financials26.7%
    Information Technology25%
    Consumer Discretionary16.8%
    Money Market6.8%
    Telecommunications Utilities6.1%
  • Chinese Equities28%
    South Korean Equities16%
    Indian Equities13.7%
    Hong Kong Equities12.5%
    Taiwanese Equities10.2%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund2.8%11.6%16.6%26.3%32.2%-
Sector2.1%12%13.3%17.2%12.6%43.2%
Rank within sector57 / 17986 / 17940 / 17829 / 17125 / 151-
Quartile2nd2nd1st1st1st
Calendar performance
 YTD - 20162015201420132012
Fund18.4%-1.5%9.9%--
Sector13.1%-6.8%5.5%3.3%19.7%
Rank within sector30 / 17444 / 16643 / 156--
Quartile1st2nd2nd
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.
5.3
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.
0.56
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%.
14.01
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.
2.56
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.
2.1
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 high137.34
52 week low102.77
Current bid price-
Current offer price-
Current mid price136.73
Region
1China28%
2Korea16%
3India13.7%
4Hong Kong12.5%
5Taiwan10.2%
6Money Market6.8%
7Indonesia3.8%
8Philippines2.7%
9Malaysia2.4%
Industry sector
1Financials26.7%
2Information Technology25%
3Consumer Discretionary16.8%
4Money Market6.8%
5Telecommunications Utilities6.1%
6Industrials4.8%
7Consumer Staples4.1%
8Health Care3.5%
9Energy2.9%
Asset type
1Chinese Equities28%
2South Korean Equities16%
3Indian Equities13.7%
4Hong Kong Equities12.5%
5Taiwanese Equities10.2%
6Money Market6.8%
7Indonesian Equities3.8%
8Philippine Equities2.7%
9Malaysian Equities2.4%
Individual holdings
No data available.
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. At least 70% invested in shares and related instruments that provide exposure to companies that have their head office in, are listed in, or have a main part of their activity in the Asia (excluding Japan) region. 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. May also make extensive use of derivatives including more complex instruments or strategies to achieve the investment objective and these may result in leverage. In such situations performance may rise or fall more than it would have done otherwise, reflecting such additional exposure. 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 Asia Pacific ex Japan NR
Investment style
Growth
Investment method
Shares
Fund manager
NameSinceBiography
Suranjan Mukherjee31/01/2013Suranjan Mukherjee joined Fidelity in 2004 as a research analyst based in London, initially covering Pan-European chemicals and large-cap utilities. In 2007, Suranjan was appointed sector leader of natural resources and utilities. From August 2007, he was appointed Director of Research for the Asia Pacific ex-Japan team of analysts moving to Fidelity's Singapore office. In March 2009 he was appointed portfolio manager, working with the Global Emerging Markets team and from March 2011 has been managing a broad-based Asian regional portfolio and the FAST Asia pilot fund since September 2011. Prior to joining Fidelity, Suranjan spent four years based in India working in equity investments and structured finance for Infrastructure Development Finance Corporation. He holds a Bachelor of Science in geophysics, a post graduate diploma in management and an MBA from INSEAD.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Germany, Denmark, Spain, Finland, France, United Kingdom, Ireland, Iceland, Italy, Jersey, Luxembourg, Netherlands, Norway, Offshore, Poland, Portugal, Singapore, Sweden
Fidelity FAST Asia 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)2.64%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price152.55
CurrencyEUR
Price updated23/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeK8MA
Fidelity FAST Asia A Acc SGD
Initial charge5.25%
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 price117.04
CurrencySGD
Price updated23/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE8NI
Fidelity FAST Asia A Acc USD
Initial charge5.25%
Annual charge1.5%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2.23%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price133.16
CurrencyUSD
Price updated23/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF5BC
Fidelity FAST Asia I Acc USD
Initial charge1%
Annual charge0.8%
Min single investment£20,000,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)1.31%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price136.73
CurrencyUSD
Price updated23/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF5BF
Fidelity FAST Asia Y Acc GBP
Initial charge-
Annual charge1%
Min single investment£1,000,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.56%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price166.24
CurrencyGBP
Price updated23/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF5BE
Fidelity FAST Asia Y Acc USD
Initial charge-
Annual charge1%
Min single investment£1,000,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.64%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price135.86
CurrencyUSD
Price updated23/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF5BD
Data provided by

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