Fact sheet: Fidelity Taiwan

Fund information
Fund name
Fidelity Taiwan A USD
Fund manager company
Fidelity International (FIL In
Fund type
Offshore Fund
Fund managers
  • Raymond Masince 22/02/2016
Fund objective
Aims to provide long-term capital growth with the level of income expected to be low. At least 70% invested in Taiwanese 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 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 Taiwan 8% Capped
Investment style
None
Investment method
Shares
Quick stats
1 Year return
11.7%
1 Year rank in sector
11/33
Sector
FO Equity - Asia Pacific Single Country
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
£150m (£139m 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.
140
Top in this sector
Fund name1 Year
Dragon Vietnam Equity UCITS21.4%
Templeton Thailand19.7%
JPMorgan Thailand19.2%
PXP Vietnam Emerging Equity18.5%
Fidelity Indonesia15%
...more in FO Equity - Asia Pacific Single Country

Performance snapshot

Holdings snapshot

  • Taiwan96.3%
    Money Market3.7%
  • Information Technology50.3%
    Financials17.4%
    Materials7.8%
    Consumer Discretionary7.6%
    Telecommunications Utilities5.8%
  • Taiwanese Equities96.3%
    Money Market3.7%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.6%-1.2%11.8%11.7%13.3%52.9%
Sector-2.3%-4%6%7.1%1.9%25.8%
Rank within sector11 / 325 / 331 / 3311 / 338 / 316 / 29
Quartile2nd1st1st2nd2nd1st
Calendar performance
 YTD - 20162015201420132012
Fund15.7%-8.2%5%18.2%20.2%
Sector9%-11.1%7.7%0.8%24.7%
Rank within sector7 / 3317 / 3316 / 313 / 3020 / 29
Quartile1st3rd3rd1st3rd
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.
3.88
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
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.
0.05
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%.
15.78
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.
9.36
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.
0.37
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.
0.65
Price movement
52 week high11.26
52 week low8.37
Current bid price-
Current offer price-
Current mid price10.82
Region
1Taiwan96.3%
2Money Market3.7%
Industry sector
1Information Technology50.3%
2Financials17.4%
3Materials7.8%
4Consumer Discretionary7.6%
5Telecommunications Utilities5.8%
6Money Market3.7%
7Industrials2.9%
8Consumer Staples2.3%
9Health Care2.2%
Asset type
1Taiwanese Equities96.3%
2Money Market3.7%
Individual holdings
1TAIWAN SEMICONDUCTOR MANUFACTURING9.83%
2HON HAI PRECISION INDUSTRY8.1%
3FUBON FINANCIAL HLDGS CO4.17%
4ADVANCED SEMICONDUCTOR ENGINEERING3.94%
5FORMOSA PLASTIC CORP3.83%
6DELTA ELECTRONICS INC3.78%
7CHUNGHWA TELECOM3.49%
8AMULAIRE THERMAL TECHNOLOGY INC3.18%
9FORMOSA CHEMICAL & FIBRE CO3.11%
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 Taiwanese 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 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 Taiwan 8% Capped
Investment style
None
Investment method
Shares
Fund managers
NameSinceBiography
Raymond Ma22/02/2016Raymond 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, Reporting Fund Status, SRS, UCITS IV Compliant, MAS Unrestricted Scheme
Domicile
No data available.
Fund for sale in
Austria, Bahrain, Switzerland, Germany, Denmark, Spain, Finland, France, United Kingdom, Gulf Cooperation Council, Guernsey, Hong Kong, Ireland, Iceland, Italy, Jersey, Republic Of Korea, Luxembourg, Macau, Malta, Netherlands, Norway, Offshore, Oman, Peru, Poland, Portugal, Qatar, Singapore, Sweden, South Africa
Fidelity Taiwan A SGD
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)1.99%
Bid price-
Offer price-
Mid price15.3812
CurrencySGD
Price updated02/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeB8M9
Fidelity Taiwan 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)1.99%
Bid price-
Offer price-
Mid price10.82
CurrencyUSD
Price updated02/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFI53
Fidelity Taiwan 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)1.3%
Total expense ratio (TER)1.24%
Bid price-
Offer price-
Mid price11.33
CurrencyUSD
Price updated02/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeMFJ3
Data provided by

The Content is only for your general information and use and is not intended to address your particular requirements. The Content does not constitute any form of advice, recommendation or arrangement by Moneywise and is not intended to be relied upon by you in making (or refraining from making) any specific investment or other decisions. Appropriate independent advice should be obtained before making any such decision.

This information is sourced from our partner Financial Express. We believe the data to be correct however you should take care in using any information.

You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.