Fact sheet: First State Asn Eq Pl

Fund information
Fund name
First State Asian Equity Plus I Dis USD
Fund manager company
First State Investments (Hong
Fund type
No data available.
Fund managers
  • Martin Lausince 13/07/2003
  • Richard Jonessince 01/01/2012
Fund objective
The Fund aims to grow your investment. The Fund mainly invests in shares of companies based in the Asia Pacific region (excluding Japan). The Fund invests in companies which pay a regular and above average income as well as having the potential for long term growth.
Benchmark
  • MSCI AC Asia Pacific ex Japan
Investment style
None
Investment method
Shares
Quick stats
1 Year return
3.3%
1 Year rank in sector
117/175
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.
1.59%
Fund size
£2,632m (£2,839m 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.
107
Top in this sector
Fund name1 Year
Templeton Asian Gth36.5%
TT International Asia Pac Eq35.8%
Old Mutual AnEqIn33%
Old Mutual Pac Eq32%
Old Mutual AnEqIn31.7%
...more in FO Equity - Asia Pacific ex Japan

Performance snapshot

Holdings snapshot

  • India20.5%
    Taiwan15.6%
    Hong Kong14.2%
    China9.8%
    Korea8.1%
  • Information Technology22.1%
    Financials18.5%
    Consumer Staples16.9%
    Industrials15.6%
    Health Care9.3%
  • Indian Equities20.5%
    Taiwanese Equities15.6%
    Hong Kong Equities14.2%
    Chinese Equities9.8%
    South Korean Equities8.1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-3.7%-3.8%2%3.3%14.4%45.1%
Sector-3.1%-2.3%8.1%6.6%5.5%26.6%
Rank within sector108 / 184111 / 184157 / 183117 / 17549 / 15335 / 121
Quartile3rd3rd4th3rd2nd2nd
Calendar performance
 YTD - 20162015201420132012
Fund4%-2.8%13.7%4.3%24.6%
Sector8%-6.8%5.5%3.3%19.7%
Rank within sector130 / 17555 / 16726 / 15666 / 14127 / 120
Quartile3rd2nd1st2nd1st
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.
2.92
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.
0.89
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.
0.15
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%.
12.19
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.
4.46
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.
0.58
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 high43.09
52 week low35.02
Current bid price-
Current offer price-
Current mid price40.28
Region
1India20.5%
2Taiwan15.6%
3Hong Kong14.2%
4China9.8%
5Korea8.1%
6Australia6.7%
7Japan6.3%
8Philippines6.3%
9Singapore5.8%
Industry sector
1Information Technology22.1%
2Financials18.5%
3Consumer Staples16.9%
4Industrials15.6%
5Health Care9.3%
6Consumer Discretionary6.3%
7Utilities3.9%
8Real Estate2.5%
9Telecommunications Utilities2.1%
Asset type
1Indian Equities20.5%
2Taiwanese Equities15.6%
3Hong Kong Equities14.2%
4Chinese Equities9.8%
5South Korean Equities8.1%
6Australian Equities6.7%
7Japanese Equities6.3%
8Philippine Equities6.3%
9Singapore Equities5.8%
Individual holdings
1TAIWAN SEMICONDUCTOR MANUFACTURING5.8%
2CSL LIMITED (AUD)4.2%
3CK HUTCHISON HLDGS LTD4.1%
4HDFC BANK3%
5DELTA ELECTRONICS INC2.6%
6DR REDDYS LABORATORIES2.6%
7DR REDDYS LABORATORIES2.6%
8ADVANTECH CO2.5%
9BRAMBLES LTD2.5%
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 companies based in the Asia Pacific region (excluding Japan). The Fund invests in companies which pay a regular and above average income as well as having the potential for long term growth.
Benchmark
  • MSCI AC Asia Pacific ex Japan
Investment style
None
Investment method
Shares
Fund managers
NameSinceBiography
Martin Lau13/07/2003Martin 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 Jones01/01/2012Richard 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).
Compliance
Transparent for Swiss Tax, 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 Equity Plus I Acc USD
Initial charge5%
Annual charge1.5%
Min single investment£1,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.59%
Total expense ratio (TER)1.58%
Bid price-
Offer price-
Mid price54.89
CurrencyUSD
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeDDJ7
First State Asian Equity Plus I Dis USD
Initial charge5%
Annual charge1.5%
Min single investment£1,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.59%
Total expense ratio (TER)1.58%
Bid price-
Offer price-
Mid price40.28
CurrencyUSD
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeZW77
First State Asian Equity Plus I GBP
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.59%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10
CurrencyGBP
Price updated22/06/2015
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeMFHI
First State Asian Equity Plus III Acc USD
Initial charge7%
Annual charge1%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.07%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.21
CurrencyUSD
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeM2DD
First State Asian Equity Plus III Dis GBP
Initial charge7%
Annual charge1%
Min single investment£350,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.1%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price13.7
CurrencyGBP
Price updated01/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeM2DE
First State Asian Equity Plus III Dis USD
Initial charge7%
Annual charge1%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.05%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price11.84
CurrencyUSD
Price updated01/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeJNMA
Data provided by

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