Fact sheet: Fidelity Korea

Fund information
Fund name
Fidelity Korea A USD
Fund manager company
Fidelity International (FIL In
Fund type
Offshore Fund
Fund managers
  • Meeyoung Kimsince 03/11/2014
Fund objective
Aims to provide long-term capital growth with the level of income expected to be low. At least 70% invested in Korean company 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
  • KOSPI (capped 8%)
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
-8.7%
1 Year rank in sector
7/11
Sector
FO Equity - Korea
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.
1.98%
Fund size
£135m (£163m 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.
136
Top in this sector
Fund name1 Year
JPM Korea Equity0.7%
Amundi Equity Korea-3.7%
Allianz Korea-5.4%
Allianz Korea Equity-5.5%
Schroder ISF Korean Eq-8.2%
...more in FO Equity - Korea

Performance snapshot

Holdings snapshot

  • Korea96%
    Money Market4%
  • Consumer Discretionary23%
    Information Technology18.3%
    Consumer Staples16.2%
    Financials14.9%
    Industrials11.5%
  • South Korean Equities96%
    Money Market4%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-5.3%-7.5%-2.3%-8.7%-14.7%-15.7%
Sector-4.1%-8.1%-3.3%-8.5%-15.6%-11.7%
Rank within sector8 / 117 / 117 / 117 / 113 / 107 / 10
Quartile3rd3rd3rd3rd2nd3rd
Calendar performance
 YTD - 20162015201420132012
Fund-4.4%--10.7%0.3%6.5%
Sector-5.6%-1.2%-9.6%2.9%10.2%
Rank within sector6 / 115 / 116 / 108 / 108 / 10
Quartile3rd2nd3rd4th4th
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.
1.87
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.
1.18
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%.
16.54
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.
5.51
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.
0.16
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.
0.91
Price movement
52 week high18.7
52 week low15.65
Current bid price-
Current offer price-
Current mid price16.48
Region
1Korea96%
2Money Market4%
Industry sector
1Consumer Discretionary23%
2Information Technology18.3%
3Consumer Staples16.2%
4Financials14.9%
5Industrials11.5%
6Materials5.8%
7Money Market4%
8Energy3.4%
9Health Care2.9%
Asset type
1South Korean Equities96%
2Money Market4%
Individual holdings
1SAMSUNG ELECTRONICS CO8.94%
2SK HYNIX INC5.49%
3AMOREPACIFIC CORP(NEW)3.87%
4HYUNDAI MOBIS3.45%
5SK INNOVATION CO LTD3.37%
6SHINHAN FINANCIAL GROUP3.33%
7AMOREPACIFIC GROUP INC3.24%
8KB FINANCIAL GROUP INC3.17%
9KT&G CORP2.84%
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 Korean company 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
  • KOSPI (capped 8%)
Investment style
Growth
Investment method
Shares
Fund managers
NameSinceBiography
Meeyoung Kim03/11/2014Meeyoung Kim is the Portfolio Manager of Fidelity Funds –Korea Fund. She has 15 years of invesment experience and is based in Seoul, Korea. Meeyoung joined Fidelity in 2004 from Good Morning Shinhan Securities, where she was an equity analyst. She spent 10 years in Fidelity as an investment analyst focused on Korean equities before she assumed her current fund management responsibilities in 2013. Meeyoung is a CFA Charterholder and holds a B.A. degree from Ewha Womans University, Korea.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Reporting Fund Status, SRS, UCITS IV Compliant, MAS Unrestricted Scheme
Domicile
No data available.
Fund for sale in
Austria, Belgium, Bahrain, Switzerland, Germany, Denmark, Spain, Finland, France, United Kingdom, Gulf Cooperation Council, Guernsey, Ireland, Iceland, Italy, Jersey, Luxembourg, Malta, Netherlands, Norway, Offshore, Oman, Poland, Portugal, Qatar, Singapore, Sweden, Taiwan - Province Of China, South Africa
Fidelity Korea A SGD
Initial charge5.25%
Annual charge1.5%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.98%
Total expense ratio (TER)1.95%
Bid price-
Offer price-
Mid price23.5061
CurrencySGD
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeB8M8
Fidelity Korea A USD
Initial charge5.25%
Annual charge1.5%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.98%
Total expense ratio (TER)1.95%
Bid price-
Offer price-
Mid price16.48
CurrencyUSD
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFI13
Fidelity Korea 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)1.23%
Total expense ratio (TER)1.21%
Bid price-
Offer price-
Mid price8.672
CurrencyUSD
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeMFA2
Data provided by

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