Fact sheet: First State GtrChina Gth

Fund information
Fund name
First State Greater China Growth B GBP Acc
Fund manager company
First State Investments UK Ltd
Fund type
OEIC
Fund managers
  • Martin Lausince 01/12/2003
  • Sophia Lisince 31/07/2012
Fund objective
The Fund aims to grow your investment.
Benchmark
  • MSCI Golden Dragon
Investment style
None
Investment method
Shares
Quick stats
1 Year return
23.5%
1 Year rank in sector
4/11
Sector
UT China/Greater China
Yield
1.3%
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
£427m (£407m 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.
125
Mid price
697.52
Top in this sector
Fund name1 Year
Baillie Gifford Greater China25.7%
Henderson China Oppos25.2%
Old Mutual Hend Chn Opps23.7%
First State GtrChina Gth23.5%
Fidelity China Consumer23%
...more in UT China/Greater China

Performance snapshot

Holdings snapshot

  • China39.9%
    Taiwan34.3%
    Hong Kong24.6%
    Money Market1.2%
  • Information Technology35.6%
    Consumer Discretionary19%
    Health Care10.9%
    Consumer Staples8.7%
    Industrials7.2%
  • Hong Kong Equities49.4%
    Taiwanese Equities34.9%
    Chinese Equities10.7%
    US Equities2.2%
    Money Market1.4%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-3.3%2.9%26%23.5%35.4%82.2%
Sector-4.1%2.2%25.1%20%27.9%63.2%
Rank within sector3 / 114 / 114 / 114 / 115 / 114 / 10
Quartile2nd2nd2nd2nd2nd2nd
Calendar performance
 YTD - 20162015201420132012
Fund22.8%3.9%7.5%12.7%18.5%
Sector21%1.3%5.9%13.9%13.9%
Rank within sector6 / 115 / 118 / 118 / 101 / 10
Quartile3rd2nd3rd4th1st
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.
2.75
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.
0.49
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%.
16.31
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.
5.41
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.
0.27
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.
0.91
Price movement
52 week high752.46
52 week low494.82
Current bid price-
Current offer price-
Current mid price697.52
Region
1China39.9%
2Taiwan34.3%
3Hong Kong24.6%
4Money Market1.2%
Industry sector
1Information Technology35.6%
2Consumer Discretionary19%
3Health Care10.9%
4Consumer Staples8.7%
5Industrials7.2%
6Financials7.1%
7Utilities5.3%
8Real Estate2.7%
9Energy1.5%
Asset type
1Hong Kong Equities49.4%
2Taiwanese Equities34.9%
3Chinese Equities10.7%
4US Equities2.2%
5Money Market1.4%
6Singapore Equities1.4%
Individual holdings
1TAIWAN SEMICONDUCTOR MANUFACTURING6%
2TONG REN TANG TECHNOLOGIES CO5.2%
3CK HUTCHISON HLDGS LTD4.2%
4TENCENT HLDGS LIMITED4.2%
5ADVANTECH CO3.8%
6DELTA ELECTRONICS INC3.7%
7POSIFLEX TECHNOLOGIES INC3%
8AIA GROUP LTD2.9%
9MINTH GROUP2.7%
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 Golden Dragon
Investment style
None
Investment method
Shares
Fund managers
NameSinceBiography
Martin Lau01/12/2003Martin 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.
Sophia Li31/07/2012Sophia Li is an Analyst in the Asia Pacific/Global Emerging Markets team at First State Investments (‘FSI’). Sophia joined FSI’s Asia Pacific/Global Emerging Market team in August 2009 and provides research support to portfolio managers, with a focus on Greater China. She graduated from Harvard University with an MA in statistics in 2009 and from Fudan University, China with a BSc in statistics in 2007. Sophia has passed the 3 levels of the CFA exams as well as the 2 levels of the CAIA (Chartered Alternative Investment Analyst) exams.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Switzerland, Germany, France, United Kingdom, Ireland, Italy, Netherlands, Sweden
First State Greater China Growth A EUR Acc
Initial charge4%
Annual charge1.75%
Min single investment£1,000
Min regular saving£500
Available in ISAYes
Ongoing charge (OCF)1.85%
Total expense ratio (TER)1.83%
Bid price-
Offer price-
Mid price217.44
CurrencyEUX
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeBTG3
First State Greater China Growth A EUR Acc GBP
Initial charge4%
Annual charge1.75%
Min single investment£1,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)1.85%
Total expense ratio (TER)1.83%
Bid price-
Offer price-
Mid price110.48
CurrencyGBX
Price updated23/11/2010
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJOG6
First State Greater China Growth A GBP Acc
Initial charge4%
Annual charge1.75%
Min single investment£1,000
Min regular saving£500
Available in ISAYes
Ongoing charge (OCF)1.82%
Total expense ratio (TER)1.82%
Bid price-
Offer price-
Mid price640.2
CurrencyGBX
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeQI56
First State Greater China Growth A GBP Acc EUR
Initial charge4%
Annual charge1.75%
Min single investment£1,000
Min regular saving£500
Available in ISAYes
Ongoing charge (OCF)1.82%
Total expense ratio (TER)1.82%
Bid price-
Offer price-
Mid price468.46
CurrencyEUX
Price updated25/02/2013
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJOG5
First State Greater China Growth B EUR Acc
Initial charge4%
Annual charge1%
Min single investment£500,000
Min regular saving£50,000
Available in ISANo
Ongoing charge (OCF)1.04%
Total expense ratio (TER)1.04%
Bid price-
Offer price-
Mid price174.99
CurrencyEUX
Price updated02/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeM3D7
First State Greater China Growth B GBP Acc
Initial charge4%
Annual charge1%
Min single investment£500,000
Min regular saving£50,000
Available in ISAYes
Ongoing charge (OCF)1.07%
Total expense ratio (TER)1.07%
Bid price-
Offer price-
Mid price697.52
CurrencyGBX
Price updated02/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeQI57
First State Greater China Growth B GBP Acc EUR
Initial charge4%
Annual charge1%
Min single investment£500,000
Min regular saving£50,000
Available in ISAYes
Ongoing charge (OCF)1.07%
Total expense ratio (TER)1.07%
Bid price-
Offer price-
Mid price479.53
CurrencyEUX
Price updated23/11/2010
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeJOG7
Data provided by

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