Fact sheet: First State Asia All Cap

Fund information
Fund name
First State Asia All Cap B Acc EUR
Fund manager company
First State Investments UK Ltd
Fund type
OEIC
Fund managers
  • Martin Lausince 26/10/2015
  • Richard Jonessince 01/01/2016
Fund objective
The Fund aims to grow your investment.
Benchmark
  • MSCI AC Asia Pacific ex Japan
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
3.8%
1 Year rank in sector
65/65
Sector
UT Asia Pacific Excluding Japan
Yield
0.4%
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.
1.47%
Fund size
£7m (£3m last year)
Mid price
105.89
Top in this sector
Fund name1 Year
Invesco Perp Asian38.1%
Old Mutual Invesco Perp Asn36.8%
L&G Asian Income Trust33.7%
Old Mutual Asia Pacific32.8%
Fidelity Asia Pacific Opps32.2%
...more in UT Asia Pacific Excluding Japan

Performance snapshot

Holdings snapshot

  • Hong Kong17.2%
    India14.6%
    Taiwan12.5%
    Korea9.9%
    China9.2%
  • Information Technology25.8%
    Industrials14.8%
    Health Care14.6%
    Consumer Staples12.9%
    Financials12.1%
  • Hong Kong Equities17.2%
    Indian Equities14.6%
    Taiwanese Equities12.5%
    South Korean Equities9.9%
    Chinese Equities9.2%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.4%2.1%8.2%3.8%--
Sector-5.6%2.3%22.6%26.7%30.1%54.6%
Rank within sector1 / 6734 / 6767 / 6765 / 65--
Quartile1st3rd4th4th
Calendar performance
 YTD - 20162015201420132012
Fund8.2%----
Sector26.1%-3.8%9.2%3.4%15.7%
Rank within sector65 / 65----
Quartile4th
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.
-
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.
-
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.
-
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%.
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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.
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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.
-
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.
-
Price movement
52 week high108.42
52 week low86.07
Current bid price-
Current offer price-
Current mid price105.89
Region
1Hong Kong17.2%
2India14.6%
3Taiwan12.5%
4Korea9.9%
5China9.2%
6Philippines8.9%
7Japan8.1%
8Australia6.2%
9Singapore3.6%
Industry sector
1Information Technology25.8%
2Industrials14.8%
3Health Care14.6%
4Consumer Staples12.9%
5Financials12.1%
6Consumer Discretionary8.2%
7Utilities6.5%
8Materials2.5%
9Money Market1.3%
Asset type
1Hong Kong Equities17.2%
2Indian Equities14.6%
3Taiwanese Equities12.5%
4South Korean Equities9.9%
5Chinese Equities9.2%
6Philippine Equities8.9%
7Japanese Equities8.1%
8Australian Equities6.2%
9Singapore Equities3.6%
Individual holdings
1INDIAN SUBCONTINENT A GBP ACC7.5%
2TAIWAN SEMICONDUCTOR MANUFACTURING5%
3CSL LIMITED (AUD)3.9%
4HDFC BANK LTD3.8%
5HDFC BANK LTD3.8%
6CK HUTCHISON HLDGS LTD3.7%
7DR REDDYS LABORATORIES2.9%
8DR REDDYS LABORATORIES2.9%
9MANILA WATER CO INC2.7%
Management
Fund manager group
First State
Fund manager company
First State Investments UK Ltd
Fund type
OEIC
Fund objective
The Fund aims to grow your investment.
Benchmark
  • MSCI AC Asia Pacific ex Japan
Investment style
Growth
Investment method
Shares
Fund managers
NameSinceBiography
Martin Lau26/10/2015Martin Lau is a Managing Partner of First State Stewart Asia, part of First State Investments. Martin has more than 20 years of experience in managing Asia Pacific and Greater China portfolios. He joined the FSSA team in April 2002 and is based in Hong Kong. Martin is the lead manager of a number of First State funds: the First State Asian Equity Plus Fund, the First State Asian Bridge Fund, the First State Asia Pacific All Cap Fund, the First State New Era PRC Fund, the First State China Growth Fund, the First State Greater China Growth Fund and the First State Hong Kong Growth Fund. He is also co-manager of the Scottish Oriental Smaller Companies Trust in the UK. Martin graduated from Cambridge University with a Bachelor of Arts degree and a Masters degree in Engineering. He is also a CFA charterholder.
Richard Jones01/01/2016Richard Jones is Senior Analyst/Portfolio Manager at First State Stewart (FSS). FSS is part of First State Investments and the team manages equities in Asia Pacific, Global Emerging and other international markets. He joined the team in January 2010. He is responsible for research and stock picking with a focus on the Asia Pacific (ex-Japan) region. He graduated from the London School of Economics with a first class degree in Economics (Government).
Compliance
Transparent for Austrian Tax, IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
First State Asia All Cap A Acc EUR
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.1%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyEUX
Price updated01/01/1900
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeM8LJ
First State Asia All Cap A Acc USD
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.1%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyUSX
Price updated01/01/1900
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeM8LK
First State Asia All Cap B Acc EUR
Initial charge-
Annual charge1.25%
Min single investment£500,000
Min regular saving£50,000
Available in ISANo
Ongoing charge (OCF)1.47%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price105.89
CurrencyEUX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeM8LL
First State Asia All Cap B Acc GBP
Initial charge4%
Annual charge1.25%
Min single investment£500,000
Min regular saving£50,000
Available in ISAYes
Ongoing charge (OCF)1.45%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price124.06
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeM8LM
First State Asia All Cap B Acc USD
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.47%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyUSX
Price updated01/01/1900
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeM8LN
First State Asia All Cap Z Acc GBP
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyGBX
Price updated01/01/1900
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeM8LO
Data provided by

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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.