Fact sheet: First State Asia Focus

Fund information
Fund name
First State Asia Focus B Acc GBP
Fund manager company
First State Investments UK Ltd
Fund type
OEIC
Fund managers
  • Richard Jonessince 01/02/2016
  • Martin Lausince 23/08/2015
Fund objective
The Fund aims to grow your investment.
Benchmark
  • MSCI AC Asia Pacific ex Japan
Investment style
None
Investment method
Shares
Quick stats
1 Year return
34%
1 Year rank in sector
56/63
Sector
UT Asia Pacific Excluding Japan
Yield
0.7%
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.
1.04%
Fund size
£75m (£40m last year)
Mid price
148.12
Top in this sector
Fund name1 Year
Invesco Perp Asian59.5%
Old Mutual Invesco Perp Asn57.2%
Marlborough Far East Growth54.6%
Old Mutual Asia Pacific51.8%
F&C Pacific Growth51.1%
...more in UT Asia Pacific Excluding Japan

Performance snapshot

Holdings snapshot

  • Hong Kong16.2%
    Taiwan12.7%
    India12.5%
    Korea10.3%
    China9.9%
  • Information Technology22.4%
    Industrials17.5%
    Consumer Staples16.1%
    Financials13.7%
    Health Care10.2%
  • Hong Kong Equities16.2%
    Taiwanese Equities12.7%
    Indian Equities12.5%
    South Korean Equities10.3%
    Chinese Equities9.9%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund4.1%6.5%7.8%34%--
Sector5%8.9%11.1%42.5%48.7%56.4%
Rank within sector54 / 6562 / 6555 / 6556 / 63--
Quartile4th4th4th4th
Calendar performance
 YTD - 20172016201520142013
Fund7.1%24.7%---
Sector8.7%27.3%-3.8%9.2%3.4%
Rank within sector54 / 6550 / 63---
Quartile4th4th
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%.
-
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.
-
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 high149.78
52 week low110.25
Current bid price-
Current offer price-
Current mid price148.12
Region
1Hong Kong16.2%
2Taiwan12.7%
3India12.5%
4Korea10.3%
5China9.9%
6Australia8.8%
7Japan8.2%
8Philippines6.6%
9Singapore4.6%
Industry sector
1Information Technology22.4%
2Industrials17.5%
3Consumer Staples16.1%
4Financials13.7%
5Health Care10.2%
6Consumer Discretionary6.3%
7Utilities4.3%
8Money Market3.6%
9Materials2.4%
Asset type
1Hong Kong Equities16.2%
2Taiwanese Equities12.7%
3Indian Equities12.5%
4South Korean Equities10.3%
5Chinese Equities9.9%
6Australian Equities8.8%
7Japanese Equities8.2%
8Philippine Equities6.6%
9Singapore Equities4.6%
Individual holdings
1FIRST STATE INDIAN SUBCONTINENT III ACC USD6.3%
2TAIWAN SEMICONDUCTOR CO4.9%
3CSL LIMITED (AUD)4.5%
4CK HUTCHISON HLDGS LTD4.1%
5HDFC BANK LTD3.6%
6HDFC BANK LTD3.6%
7BRAMBLES LTD2.9%
8DAIRY FARM INTERNATIONAL HLDGS2.8%
9DELTA ELECTRONICS INC2.5%
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
None
Investment method
Shares
Fund managers
NameSinceBiography
Richard Jones01/02/2016Richard 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).
Martin Lau23/08/2015Martin 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.
Compliance
Transparent for Austrian Tax, IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
First State Asia Focus A Acc EUR
Initial charge-
Annual charge1.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.62%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyEUX
Price updated01/01/1900
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeM8LP
First State Asia Focus A Acc USD
Initial charge-
Annual charge1.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.62%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyUSX
Price updated01/01/1900
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeM8LQ
First State Asia Focus B Acc EUR
Initial charge-
Annual charge0.85%
Min single investment£500,000
Min regular saving£50,000
Available in ISANo
Ongoing charge (OCF)0.97%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price128.17
CurrencyEUX
Price updated23/02/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeM8LR
First State Asia Focus B Acc GBP
Initial charge4%
Annual charge0.85%
Min single investment£500,000
Min regular saving£50,000
Available in ISAYes
Ongoing charge (OCF)1.04%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price148.12
CurrencyGBX
Price updated23/02/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeM8LS
First State Asia Focus B Acc USD
Initial charge-
Annual charge0.85%
Min single investment£500,000
Min regular saving£50,000
Available in ISANo
Ongoing charge (OCF)0.94%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price117.72
CurrencyUSX
Price updated23/02/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeM8LT
First State Asia Focus Z Acc GBP
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.12%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyGBX
Price updated01/01/1900
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeM8LU
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.