Fact sheet: First State Asia Pacific Select

Fund information
Fund name
First State Asia Pacific Select I
Fund manager company
First State Investments (Hong
Fund type
No data available.
Fund managers
  • Martin Lausince 01/01/2016
  • Richard Jonessince 31/07/2012
  • First State Stewartsince 11/03/2010
Fund objective
The Fund aims to grow your investment. The Fund mainly invests in shares of large companies based in or having significant operations in the Asia Pacific region including Australia and New Zealand (excluding Japan). These companies generally have a total stock market value of at least US$ 3 billion.
Benchmark
  • MSCI AC Asia Pacific ex Japan
Investment style
None
Investment method
Shares
Quick stats
1 Year return
20.3%
1 Year rank in sector
127/175
Sector
FO Equity - Asia Pacific ex Japan
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.
1.6%
Fund size
£98m (£95m 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.
106
Top in this sector
Fund name1 Year
Old Mutual AnEqIn62.9%
Old Mutual AnEqIn62.5%
Old Mutual Pac Eq62.4%
Templeton Asian Gth57.5%
TT International Asia Pac Eq56.2%
...more in FO Equity - Asia Pacific ex Japan

Performance snapshot

Holdings snapshot

  • India16.7%
    Taiwan15.5%
    Hong Kong13.4%
    Korea10.6%
    Australia9.2%
  • Information Technology22.4%
    Industrials18.2%
    Consumer Staples17.7%
    Financials17.4%
    Health Care10.9%
  • Indian Equities16.7%
    Taiwanese Equities15.5%
    Hong Kong Equities13.4%
    South Korean Equities10.6%
    Australian Equities9.2%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund4.8%7.1%0.3%20.3%17.5%-
Sector4.4%8.1%3%26.3%15.8%24.5%
Rank within sector84 / 183126 / 183130 / 183127 / 17573 / 156-
Quartile2nd3rd3rd3rd2nd
Calendar performance
 YTD - 20172016201520142013
Fund7.9%2.3%-5%8.9%-
Sector8.2%6.4%-6.8%5.5%3.3%
Rank within sector118 / 183128 / 17377 / 16556 / 155-
Quartile3rd3rd2nd2nd
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.
1.28
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.
0.86
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.
0.16
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%.
11.94
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.
4.41
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.
0.14
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.
0.88
Price movement
52 week high11.83
52 week low9.7
Current bid price-
Current offer price-
Current mid price11.73
Region
1India16.7%
2Taiwan15.5%
3Hong Kong13.4%
4Korea10.6%
5Australia9.2%
6China9.2%
7Japan7.1%
8Philippines6.3%
9Singapore5%
Industry sector
1Information Technology22.4%
2Industrials18.2%
3Consumer Staples17.7%
4Financials17.4%
5Health Care10.9%
6Consumer Discretionary6.3%
7Utilities2.4%
8Materials1.7%
9Real Estate1.4%
Asset type
1Indian Equities16.7%
2Taiwanese Equities15.5%
3Hong Kong Equities13.4%
4South Korean Equities10.6%
5Australian Equities9.2%
6Chinese Equities9.2%
7Japanese Equities7.1%
8Philippine Equities6.3%
9Singapore Equities5%
Individual holdings
1TAIWAN SEMICONDUCTOR CO5.6%
2CSL LIMITED (AUD)4.7%
3CK HUTCHISON HLDGS LTD4.6%
4HDFC BANK3.5%
5BRAMBLES LTD3.1%
6ADVANTECH CO2.6%
7DAIRY FARM INTERNATIONAL HLDGS2.6%
8DELTA ELECTRONICS INC2.5%
9OVERSEA-CHINESE BANKING CORP2.4%
Management
Fund manager group
First State Investments
Fund manager company
First State Investments (Hong
Fund type
No data available.
Fund objective
The Fund aims to grow your investment. The Fund mainly invests in shares of large companies based in or having significant operations in the Asia Pacific region including Australia and New Zealand (excluding Japan). These companies generally have a total stock market value of at least US$ 3 billion.
Benchmark
  • MSCI AC Asia Pacific ex Japan
Investment style
None
Investment method
Shares
Fund managers
NameSinceBiography
Martin Lau01/01/2016Martin 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 Jones31/07/2012Richard 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).
First State Stewart11/03/2010
Compliance
Reporting Fund Status, UCITS V Compliant
Domicile
No data available.
Fund for sale in
United Kingdom, Hong Kong, Ireland, Offshore
First State Asia Pacific Select I
Initial charge5%
Annual charge1.5%
Min single investment£1,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.6%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price11.73
CurrencyUSD
Price updated16/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJO4P
First State Asia Pacific Select III
Initial charge7%
Annual charge0.85%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.93%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price15.43
CurrencyUSD
Price updated16/02/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeIJE1
Data provided by

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