Fact sheet: First State Asian Prop Sec

Fund information
Fund name
First State Asian Property Securities I Acc USD
Fund manager company
First State Investments (Hong
Fund type
No data available.
Fund manager
  • Stephen Hayessince 24/04/2007
Fund objective
The Fund aims to achieve income and growth on your investment. The Fund mainly invests in shares of companies that are involved in property in the Asian region. The Fund does not invest directly in property.
Benchmark
  • FTSE EPRA/NAREIT Developed Asia Index
Investment style
None
Investment method
Shares
Quick stats
1 Year return
1.9%
1 Year rank in sector
7/8
Sector
FO Property - Asia
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.
1.7%
Fund size
£12m (£14m 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.
111
Top in this sector
Fund name1 Year
LLB B&I Pan-Asian TotlRet RlEst Sec11.2%
Fidelity Asia Pac Prop3.7%
Parvest REstSecPac3.2%
Morg Stnly Asian Property2.9%
Schroder ISFAsPacCitRlEst2.3%
...more in FO Property - Asia

Performance snapshot

Holdings snapshot

  • Japan42%
    Hong Kong27.2%
    Australia19.9%
    Singapore8.2%
    China1.6%
  • Real Estate44.9%
    Retail21.2%
    Others15.6%
    Industrials12.6%
    Residential - Property4.6%
  • Property Shares98.9%
    Money Market1.1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-4.8%-5.4%-1.6%1.9%-1.4%39.5%
Sector-3.1%-4.5%0.9%3.7%-0.4%30.6%
Rank within sector7 / 85 / 87 / 87 / 84 / 83 / 7
Quartile4th3rd4th4th2nd2nd
Calendar performance
 YTD - 20162015201420132012
Fund2.8%-3.7%0.2%1.5%44.3%
Sector5.1%-6.1%2.9%-3.2%38.5%
Rank within sector6 / 84 / 86 / 84 / 72 / 7
Quartile3rd2nd3rd3rd2nd
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.
0.04
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.
1.04
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
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%.
12.76
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.
4.26
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.
-0.02
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.
0.89
Price movement
52 week high8.95
52 week low7
Current bid price-
Current offer price-
Current mid price8.19
Region
1Japan42%
2Hong Kong27.2%
3Australia19.9%
4Singapore8.2%
5China1.6%
6Money Market1.1%
Industry sector
1Real Estate44.9%
2Retail21.2%
3Others15.6%
4Industrials12.6%
5Residential - Property4.6%
6Money Market1.1%
Asset type
1Property Shares98.9%
2Money Market1.1%
Individual holdings
1SUN HUNG KAI PROPERTIES LTD9.5%
2MITSUI FUDOSAN6.9%
3WESTFIELD CORPORATION STAPLED (2UT 1ORD)6.1%
4MITSUI FUDOSAN LOGISTICS PARK INC5.8%
5NATIONAL STORAGE REIT STAPLED (UT ORD)4.9%
6SUMITOMO REALTY & DEVELOPMENT CO4.9%
7JAPAN RENTAL HOUSING INVESTMENTS4.6%
8MITSUBISHI ESTATE CO4.5%
9CHEUNG KONG PROPERTY HLDGS LTD4.1%
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 achieve income and growth on your investment. The Fund mainly invests in shares of companies that are involved in property in the Asian region. The Fund does not invest directly in property.
Benchmark
  • FTSE EPRA/NAREIT Developed Asia Index
Investment style
None
Investment method
Shares
Fund manager
NameSinceBiography
Stephen Hayes24/04/2007Stephen Hayes is the Head of Property Securities for First State Investments. In his role, Stephen is ultimately responsible for overseeing all facets of the management of the regional and global real estate securities funds at First State. Stephen re-joined First State in September 2012 after he was previously Head of Property Securities at First State from 1999 to 2006. Stephen then founded Perennial Real Estate Investments in Australia in January 2006 and as Managing Director was successful in building the largest real estate securities boutique in Australia. Stephen has a Bachelor of Commerce (Economics and Management) from the University of Wollongong in Australia and is a fellow of the Financial Services Institute of Australia.
Compliance
Distributor Status, Reporting Fund Status, UCITS V Compliant
Domicile
No data available.
Fund for sale in
United Kingdom, Hong Kong, Ireland, Offshore, Singapore
First State Asian Property Securities I Acc USD
Initial charge5%
Annual charge1.5%
Min single investment£1,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.7%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price8.19
CurrencyUSD
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeZ877
First State Asian Property Securities I Dis USD
Initial charge5%
Annual charge1.5%
Min single investment£1,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.7%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price5.9
CurrencyUSD
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeAIC8
Data provided by

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