Fact sheet: First State Hong Kong Gth

Fund information
Fund name
First State Hong Kong Growth I Acc USD
Fund manager company
First State Investments (Hong
Fund type
No data available.
Fund managers
  • Martin Lausince 31/03/2002
  • Richard Jonessince 01/01/2010
Fund objective
The Fund aims to grow your investment. The Fund mainly invests in shares of companies which have the potential for long term growth and are based in or having significant operations in Hong Kong.
Benchmark
  • MSCI Hong Kong
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
7.4%
1 Year rank in sector
21/33
Sector
FO Equity - Asia Pacific Single Country
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.
1.61%
Fund size
£158m (£177m 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.
127
Top in this sector
Fund name1 Year
JPMorgan Thailand23.8%
Templeton Thailand22.8%
Dragon Vietnam Equity UCITS20.8%
Fidelity Indonesia19.9%
PXP Vietnam Emerging Equity18.5%
...more in FO Equity - Asia Pacific Single Country

Performance snapshot

Holdings snapshot

  • Hong Kong52.6%
    China40.8%
    Singapore5.9%
    Money Market0.7%
  • Consumer Discretionary16%
    Information Technology14.7%
    Industrials13.3%
    Consumer Staples11.5%
    Health Care11.4%
  • Hong Kong Equities52.6%
    Chinese Equities40.8%
    Singapore Equities5.9%
    Money Market0.7%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.3%-4.6%8.5%7.4%1.2%38%
Sector-1.8%-4.2%4.1%10.4%4.7%28.8%
Rank within sector19 / 3217 / 336 / 3321 / 3322 / 3113 / 29
Quartile3rd3rd1st3rd3rd2nd
Calendar performance
 YTD - 20162015201420132012
Fund7%-2.2%-4.2%12.3%24.8%
Sector10.3%-11.1%7.7%0.8%24.7%
Rank within sector22 / 338 / 3329 / 315 / 3016 / 29
Quartile3rd1st4th1st3rd
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.
-0.19
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.
1.16
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.
-0.01
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%.
16.91
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.
8.65
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.
-0.06
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.
0.75
Price movement
52 week high56.33
52 week low42.23
Current bid price-
Current offer price-
Current mid price53.37
Region
1Hong Kong52.6%
2China40.8%
3Singapore5.9%
4Money Market0.7%
Industry sector
1Consumer Discretionary16%
2Information Technology14.7%
3Industrials13.3%
4Consumer Staples11.5%
5Health Care11.4%
6Financials10.9%
7Utilities9.6%
8Real Estate8%
9Materials1.3%
Asset type
1Hong Kong Equities52.6%
2Chinese Equities40.8%
3Singapore Equities5.9%
4Money Market0.7%
Individual holdings
1CK HUTCHISON HLDGS LTD6.8%
2TONG REN TANG TECHNOLOGIES CO6%
3VITASOY INTERNATIONAL HOLDINGS5.9%
4TENCENT HLDGS LIMITED5.2%
5TOWNGAS CHINA CO LTD5.2%
6AIA GROUP LTD4.6%
7LINK REAL ESTATE INVESTMENT TRUST UTS4.1%
8MINTH GROUP4.1%
9SHENZHOU INTERNATIONAL GROUP HLDGS4.1%
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 grow your investment. The Fund mainly invests in shares of companies which have the potential for long term growth and are based in or having significant operations in Hong Kong.
Benchmark
  • MSCI Hong Kong
Investment style
Growth
Investment method
Shares
Fund managers
NameSinceBiography
Martin Lau31/03/2002Martin 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 Jones01/01/2010Richard 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
Reporting Fund Status, UCITS V Compliant
Domicile
No data available.
Fund for sale in
United Kingdom, Hong Kong, Ireland, Offshore, Singapore
First State Hong Kong Growth I Acc USD
Initial charge5%
Annual charge1.5%
Min single investment£1,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.61%
Total expense ratio (TER)1.73%
Bid price-
Offer price-
Mid price53.37
CurrencyUSD
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeCM54
First State Hong Kong Growth 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)0.35%
Bid price-
Offer price-
Mid price95.28
CurrencyUSD
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeCM56
Data provided by

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