Fact sheet: First State Asn Qly Bd

Fund information
Fund name
First State Asian Quality Bond I Acc USD
Fund manager company
First State Investments (Hong
Fund type
No data available.
Fund managers
  • Nigel Foosince 13/07/2003
  • Nicole Hsiehsince 01/01/2015
Fund objective
The Fund aims to achieve growth on your investment. The Fund mainly invests in fixed income securities (investments which provide a certain level of income or interest) issued mainly by governments and companies in Asia or whose primary business is in Asia. The Fund will invest in investment grade (seen as being higher quality) fixed income securities. The Fund may also invest in fixed income securities with low or no credit rating. The Fund may invest more than 20 per cent of its assets in companies in emerging markets or whose business is predominantly based in emerging markets. Emerging markets are countries considered to have social or business activity in the process of rapid growth.
Benchmark
  • JPM Asia Credit Investment Grade Index
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
3%
1 Year rank in sector
15/27
Sector
FO Fixed Int - Asia Pacific
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.
1.07%
Fund size
£679m (£471m 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.
77
Top in this sector
Fund name1 Year
Aberdeen Gbl AsLCuShDuBd19.3%
Fidelity Asian Hi Yd12.3%
Eastspring Inv AHYBd9%
Ashmore Emg Mkts Asian CorpDebt8.9%
Matthews Asia Credit Opps8.8%
...more in FO Fixed Int - Asia Pacific

Performance snapshot

Holdings snapshot

  • China37.9%
    Singapore12.7%
    Korea12.2%
    Hong Kong10.8%
    India9%
  • Government Guaranteed48.6%
    Corporate Bonds47%
    Government Bonds3.7%
    Mortgage & Secured Bonds0.5%
    Money Market0.2%
  • Chinese Fixed Interest37.9%
    Singapore Fixed Interest12.7%
    South Korean Fixed Interest12.2%
    Hong Kong Fixed Interest10.8%
    Indian Fixed Interest9%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-2.9%-4.1%-0.4%3%11.2%18.5%
Sector-2.9%-3.3%0.7%3.7%6.4%14.4%
Rank within sector18 / 2918 / 2919 / 2915 / 2710 / 237 / 14
Quartile3rd3rd3rd3rd2nd2nd
Calendar performance
 YTD - 20162015201420132012
Fund3.5%0.9%6.8%-3%9.1%
Sector4.7%-2%3.7%-3.3%11.1%
Rank within sector16 / 279 / 254 / 239 / 2212 / 14
Quartile3rd2nd1st2nd4th
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.
2.96
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.
0.55
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.
0.34
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%.
2.81
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.
2.48
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.
0.71
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.
0.66
Price movement
52 week high16.41
52 week low15.17
Current bid price-
Current offer price-
Current mid price15.7
Region
1China37.9%
2Singapore12.7%
3Korea12.2%
4Hong Kong10.8%
5India9%
6Indonesia8%
7Malaysia5.1%
8Thailand2.8%
9Australia1.3%
Industry sector
1Government Guaranteed48.6%
2Corporate Bonds47%
3Government Bonds3.7%
4Mortgage & Secured Bonds0.5%
5Money Market0.2%
Asset type
1Chinese Fixed Interest37.9%
2Singapore Fixed Interest12.7%
3South Korean Fixed Interest12.2%
4Hong Kong Fixed Interest10.8%
5Indian Fixed Interest9%
6Indonesian Fixed Interest8%
7Malaysian Fixed Interest5.1%
8Thai Fixed Interest2.8%
9Australian Fixed Interest1.3%
Individual holdings
No data available.
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 growth on your investment. The Fund mainly invests in fixed income securities (investments which provide a certain level of income or interest) issued mainly by governments and companies in Asia or whose primary business is in Asia. The Fund will invest in investment grade (seen as being higher quality) fixed income securities. The Fund may also invest in fixed income securities with low or no credit rating. The Fund may invest more than 20 per cent of its assets in companies in emerging markets or whose business is predominantly based in emerging markets. Emerging markets are countries considered to have social or business activity in the process of rapid growth.
Benchmark
  • JPM Asia Credit Investment Grade Index
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Nigel Foo13/07/2003Nigel Foo is a Senior Portfolio Manager in the Asian fixed interest team, based in Singapore. In his role, Nigel is responsible for formulating investment strategies for the Asian bond markets which include both USD and local currency debt. Nigel joined First State Investments in September 2010 as a Portfolio Manager within the Asian fixed interest team. Prior to First State, Nigel spent 6 years with State Street Global Advisors as a fixed income portfolio manager where he gained extensive experience managing one of the largest Asian local currency bond funds in the region, amongst other global fixed income mandates. Nigel has developed strong research and risk management skills since the start of his career in 1997, having worked as an equity research analyst with HSBC and a market risk analyst with both JP Morgan and Credit Suisse First Boston. Nigel holds a Bachelor of Business Administration (Major in Finance) from National University of Singapore. He is also a CFA charterholder.
Nicole Hsieh01/01/2015
Compliance
UCITS V Compliant
Domicile
No data available.
Fund for sale in
United Kingdom, Hong Kong, Ireland, Offshore, Singapore
First State Asian Quality Bond I Acc USD
Initial charge5%
Annual charge1%
Min single investment£1,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.07%
Total expense ratio (TER)1.27%
Bid price-
Offer price-
Mid price15.7
CurrencyUSD
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeZW63
First State Asian Quality Bond I Monthly Dis HKD
Initial charge5%
Annual charge1%
Min single investment£1,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.07%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price100.36
CurrencyHKD
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeJJ5C
First State Asian Quality Bond I Monthly Dis USD
Initial charge5%
Annual charge1%
Min single investment£1,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.07%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.05
CurrencyUSD
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeJJ5B
First State Asian Quality Bond VI Dis USD
Initial charge7%
Annual charge0.3%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.51%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price9.61
CurrencyUSD
Price updated01/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeNDRY
Data provided by

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