Fact sheet: GaveKal Asian Opp UCITS

Fund information
Fund name
GaveKal Asian Opportunities UCITS S EUR
Fund manager company
GaveKal Capital Ltd
Fund type
No data available.
Fund managers
  • Alfred Hosince 11/01/2006
  • Louis-Vincent Gavesince 11/01/2006
Fund objective
To outperform the Asia MSCI index. The Fund is a 'Growth' equity fund with a disciplined asset allocation overlay based on individual country research. The Fund identifies top down macro themes as a precursor to building an equity portfolio through the identification of equities that are substantially mis-priced through growth earnings and price momentum. Idea generation is initiated by fund managers and analysts using proprietary screening tools, top-down expertise, bottom-up assessments as well as input received from corporates, industry contacts, governments and sell-side contacts. The Fund also uses cash and bonds to tactically reduce volatility. The portfolio combines high conviction with broad diversification within a controlled risk framework.
Benchmark
No data available.
Investment style
Flexible
Investment method
None
Quick stats
1 Year return
-1.2%
1 Year rank in sector
110/150
Sector
FO Mixed Asset - Flexible
Yield
-
Fund size
£340m
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.
96
Top in this sector
Fund name1 Year
Aria Absolut Inc Prtd UCITs23.2%
HSBC Pfl World Seltn 422.3%
Investec EmrgMktsMA18.9%
Smith & Williamson Mid-OceanWdInv18.8%
Oasis Crescent Global Inc18.8%
...more in FO Mixed Asset - Flexible

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.8%-4.2%4.2%-1.2%28.1%-
Sector0.1%-1.6%1.6%1%8.1%22.3%
Rank within sector58 / 164147 / 16643 / 160110 / 15011 / 106-
Quartile2nd4th2nd3rd1st
Calendar performance
 YTD - 20162015201420132012
Fund-0.3%8.8%18.2%--
Sector1.8%-0.1%5%6.8%6.9%
Rank within sector107 / 1507 / 1263 / 109--
Quartile3rd1st1st
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.
4.67
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.
1.69
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.
0.44
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%.
11.49
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.
8.6
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.
0.69
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.
0.53
Price movement
52 week high134.19
52 week low115.09
Current bid price-
Current offer price-
Current mid price128.41
Region
No data available.
Industry sector
No data available.
Asset type
No data available.
Individual holdings
No data available.
Management
Fund manager group
No data available.
Fund manager company
GaveKal Capital Ltd
Fund type
No data available.
Fund objective
To outperform the Asia MSCI index. The Fund is a 'Growth' equity fund with a disciplined asset allocation overlay based on individual country research. The Fund identifies top down macro themes as a precursor to building an equity portfolio through the identification of equities that are substantially mis-priced through growth earnings and price momentum. Idea generation is initiated by fund managers and analysts using proprietary screening tools, top-down expertise, bottom-up assessments as well as input received from corporates, industry contacts, governments and sell-side contacts. The Fund also uses cash and bonds to tactically reduce volatility. The portfolio combines high conviction with broad diversification within a controlled risk framework.
Benchmark
No data available.
Investment style
Flexible
Investment method
None
Fund managers
NameSinceBiography
Alfred Ho11/01/2006Alfred Ho has over 20 years of experience in investing in Asian markets. Before joining MWGaveKal in July 2008, Alfred Ho managed the GaveKal Asian Absolute Return Funds and was GaveKal CIO from 2006 to 2008. Before that, Alfred was the Chief Investment Officer for INVESCO Asia and was responsible for managing large retail and institutional portfolios. Alfred was the lead manager for the INVESCO GT Asia Enterprise Fund which received best performing fund awards by SCMP/Micropal in 1992, 1995, 1998 and 2001. Alfred Ho initiated the launch of the first absolute-return driven product for the company - INVESCO Asia Alpha Fund in 1999. Prior to joining INVESCO, Alfred worked as an analyst with W.I. Carr in Hong Kong. Alfred graduated from the University of Wisconsin-Madison with a Bachelor of Science degree in Economics, and a Master of Science degree in Finance where he was enrolled in the Applied Security Analysis Program at the School of Business. He is a CFA holder.
Louis-Vincent Gave11/01/2006Louis-Vincent Gave joined MW-GaveKal at its inception in July 2008. Prior to this, Louis-Vincent Gave worked for GaveKal, an independent research firm which he co-founded in 1999. Before GaveKal, Louis-Vincent Gave worked for Paribas Capital Markets where he was an equity research analyst from 1997 to 1999. In 1996 and 1997, Louis-Vincent served in the French Mountain Infantry Division as a second lieutenant. Louis-Vincent Gave studied Economics, History and Chinese at Duke University and Nanjing University. Louis-Vincent Gave has written three books (Our Brave New World, The End is Not Nigh and A Roadmap for Troubling Times).
Compliance
Transparent for Austrian Tax, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom, Ireland, Offshore
GaveKal Asian Opportunities UCITS A EUR
Initial charge-
Annual charge1.5%
Min single investment£250,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price202.18
CurrencyEUR
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeJ5Z6
GaveKal Asian Opportunities UCITS A GBP
Initial charge-
Annual charge1.5%
Min single investment£200,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price152.77
CurrencyGBP
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeJ5Z7
GaveKal Asian Opportunities UCITS A USD
Initial charge-
Annual charge1.5%
Min single investment£250,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price122.77
CurrencyUSD
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeJ5Z8
GaveKal Asian Opportunities UCITS B GBP
Initial charge-
Annual charge1.5%
Min single investment£200,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price153.21
CurrencyGBP
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeJ5Z9
GaveKal Asian Opportunities UCITS C AUD
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price175.86
CurrencyAUD
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeMIX9
GaveKal Asian Opportunities UCITS C EUR
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price122.02
CurrencyEUR
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeMOQ0
GaveKal Asian Opportunities UCITS C GBP
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price122.38
CurrencyGBP
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeMIY0
GaveKal Asian Opportunities UCITS C USD
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price112.18
CurrencyUSD
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeNBN0
GaveKal Asian Opportunities UCITS S EUR
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price128.41
CurrencyEUR
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJM8C
Data provided by

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