Fact sheet: Fidelity Greater China

Fund information
Fund name
Fidelity Greater China A USD
Fund manager company
Fidelity International (FIL In
Fund type
Offshore Fund
Fund managers
  • Raymond Masince 01/07/2012
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 quoted on stock exchanges in Hong Kong, China and Taiwan. 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 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 Golden Dragon
Investment style
None
Investment method
Shares
Quick stats
1 Year return
20.1%
1 Year rank in sector
7/38
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.
1.96%
Fund size
£456m (£611m 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.
134
Top in this sector
Fund name1 Year
Templeton China36.1%
Fidelity China Focus36.1%
Old Mutual China Eq33.3%
GS China Opp Eq Prtflio30.9%
Pictet Greater China30.2%
...more in FO Equity - Greater China

Performance snapshot

Holdings snapshot

  • China62.7%
    Taiwan16.3%
    Hong Kong15.1%
    Money Market4.7%
    Singapore0.8%
  • Information Technology32.7%
    Financials16.4%
    Consumer Discretionary7.6%
    Telecommunications Utilities6.7%
    Industrials6.5%
  • Chinese Equities62.7%
    Taiwanese Equities16.3%
    Hong Kong Equities15.1%
    Money Market4.7%
    Singapore Equities0.8%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund4.9%15.1%17%20.1%25.9%71.7%
Sector3.9%16.5%15.5%12.7%13.7%44.4%
Rank within sector9 / 4029 / 4014 / 407 / 388 / 344 / 32
Quartile1st3rd2nd1st1st1st
Calendar performance
 YTD - 20162015201420132012
Fund15.2%-3.5%6.8%14.2%23.1%
Sector9%-5%4.6%10.7%16.3%
Rank within sector5 / 4015 / 368 / 3510 / 335 / 32
Quartile1st2nd1st2nd1st
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.
3.28
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.
0.97
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.
0.27
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%.
17.74
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.
3.07
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.
0.97
Price movement
52 week high187.9
52 week low138.9
Current bid price-
Current offer price-
Current mid price189.6
Region
1China62.7%
2Taiwan16.3%
3Hong Kong15.1%
4Money Market4.7%
5Singapore0.8%
6Cayman Islands0.4%
Industry sector
1Information Technology32.7%
2Financials16.4%
3Consumer Discretionary7.6%
4Telecommunications Utilities6.7%
5Industrials6.5%
6Real Estate6.1%
7Energy4.9%
8Money Market4.7%
9Health Care4.1%
Asset type
1Chinese Equities62.7%
2Taiwanese Equities16.3%
3Hong Kong Equities15.1%
4Money Market4.7%
5Singapore Equities0.8%
6American Emerging Equities0.4%
Individual holdings
1TAIWAN SEMICONDUCTOR MANUFACTURING9.36%
2TENCENT HLDGS LTD8.65%
3CHINA MOBILE LTD6.05%
4INDUSTRIAL & COM BK CHNA3.87%
5ALIBABA GROUP HLDG LTD3.75%
6AIA GROUP LTD3.54%
7CHINA PETROLEUM & CHEMICAL CORP3.12%
8FIDELITY INSTITUTIONAL LIQUIDITY USD A ACC2.38%
9SUN HUNG KAI PROPERTIES LTD2.18%
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 quoted on stock exchanges in Hong Kong, China and Taiwan. 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 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 Golden Dragon
Investment style
None
Investment method
Shares
Fund managers
NameSinceBiography
Raymond Ma01/07/2012Raymond 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
Transparent for Austrian Tax, Transparent for Swiss Tax, CPF Ordinary, 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, Gulf Cooperation Council, 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, South Africa
Fidelity Greater China A Acc EUR
Initial charge5.25%
Annual charge1.5%
Min single investment£1,000
Min regular saving£2,500
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price12.11
CurrencyEUR
Price updated22/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE8KA
Fidelity Greater China 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 price9.398
CurrencyUSD
Price updated22/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFU0F
Fidelity Greater China A SGD
Initial charge5.25%
Annual charge1.5%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.96%
Total expense ratio (TER)1.94%
Bid price-
Offer price-
Mid price1.722
CurrencySGD
Price updated22/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFUL0
Fidelity Greater China A USD
Initial charge5.25%
Annual charge1.5%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.96%
Total expense ratio (TER)1.95%
Bid price-
Offer price-
Mid price189.6
CurrencyUSD
Price updated22/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFI99
Fidelity Greater China A USD SGD
Initial charge5.25%
Annual charge1.5%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.96%
Total expense ratio (TER)1.95%
Bid price-
Offer price-
Mid price257.1922
CurrencySGD
Price updated22/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeB8M7
Fidelity Greater China 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 price12.2
CurrencyEUR
Price updated22/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE8JA
Fidelity Greater China E Acc EUR
Initial charge-
Annual charge1.5%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2.71%
Total expense ratio (TER)2.69%
Bid price-
Offer price-
Mid price43.36
CurrencyEUR
Price updated22/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code11PG
Fidelity Greater China 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 price1.737
CurrencySGD
Price updated22/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFUGB
Fidelity Greater China 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)1.21%
Total expense ratio (TER)1.2%
Bid price-
Offer price-
Mid price17.87
CurrencyUSD
Price updated22/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeMFA7
Data provided by

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