Fact sheet: HSBC Chinese Equity

Fund information
Fund name
HSBC Chinese Equity Ret Acc
Fund manager company
HSBC Gbl Asset Mgt (HSBC Inv)
Fund type
OEIC
Fund managers
  • Mandy Chansince 31/01/2011
Fund objective
The fund seeks to provide long term capital growth by investing at least two thirds of its total non-cash assets in a well diversified portfolio of equities and equity related securities of companies which have their registered office in, and with an official listing on a major stock exchange or other regulated market of the People’s Republic of China ("China"), including Hong Kong SAR, as well as those companies which carry out a predominant part of their business activities in China. The fund will invest primarily in a diverse portfolio of equities and equity related securities of companies which have their registered office in, and with an official listing on a major stock exchange or other regulated market of the People’s Republic of China ("China"), including Hong Kong SAR, as well as those companies which carry out a predominant part of their business activities in China. There are no capitalisation restrictions, and it is anticipated that the fund will seek to invest across a range of capitalisations. The ACD may also invest at its discretion in other transferable securities, money market instruments, deposits, cash and near cash and collective investment schemes.
Benchmark
  • MSCI China 10/40 Index
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
19.9%
1 Year rank in sector
7/11
Sector
UT China/Greater China
Yield
0.7%
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.
1.83%
Fund size
£21m (£20m 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.
148
Mid price
431.8
Top in this sector
Fund name1 Year
Baillie Gifford Greater China29.7%
Henderson China Oppos28.3%
Old Mutual Hend Chn Opps27.1%
First State GtrChina Gth26.9%
Fidelity China Consumer26.8%
...more in UT China/Greater China

Performance snapshot

Holdings snapshot

  • China42.3%
    Hong Kong39.8%
    USA12.5%
    Money Market5.4%
  • Financials28.6%
    Technology15%
    Consumer Services11.5%
    Telecommunications10%
    Industrials8.1%
  • Chinese Equities42.3%
    Hong Kong Equities39.8%
    US Equities12.5%
    Cash & Cash Equivalents5.4%

Fund also available on these pension platforms:

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-4.7%2.5%27.6%19.9%28.5%53.2%
Sector-3.2%5.7%28.7%24.6%32.2%67.9%
Rank within sector7 / 1111 / 118 / 117 / 119 / 119 / 10
Quartile3rd4th3rd3rd4th4th
Calendar performance
 YTD - 20162015201420132012
Fund20.8%-2.1%13.9%2%15.3%
Sector24.6%1.3%5.9%13.9%13.9%
Rank within sector7 / 1110 / 112 / 1110 / 103 / 10
Quartile3rd4th1st4th2nd
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.
-1.24
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.
1.11
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.
0.39
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%.
20.18
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.
4.25
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.
-0.07
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.
0.96
Price movement
52 week high464.9
52 week low290.8
Current bid price-
Current offer price-
Current mid price431.8
Region
1China42.3%
2Hong Kong39.8%
3USA12.52%
4Money Market5.38%
Industry sector
1Financials28.6%
2Technology15%
3Consumer Services11.46%
4Telecommunications10.04%
5Industrials8.14%
6Consumer Goods7.61%
7Oil & Gas6.79%
8Money Market5.82%
9Health Care3.05%
Asset type
1Chinese Equities42.3%
2Hong Kong Equities39.8%
3US Equities12.52%
4Cash & Cash Equivalents5.38%
Individual holdings
1TENCENT HLDGS LTD9.55%
2ALIBABA GROUP HLDG LTD9.52%
3CHINA CONSTRUCTION BANK7.71%
4CHINA MOBILE LTD7.42%
5INDUSTRIAL & COM BK CHNA4.73%
6PING AN INSURANCE(GR)CO OF CHINA3.65%
7CHINA PETROLEUM & CHEMICAL CORP3.26%
8CHINA OVERSEAS LAND & INVESTMNTS2.75%
9CHINA LIFE INSURANCE CO2.73%
Management
Fund manager group
HSBC
Fund manager company
HSBC Gbl Asset Mgt (HSBC Inv)
Fund type
OEIC
Fund objective
The fund seeks to provide long term capital growth by investing at least two thirds of its total non-cash assets in a well diversified portfolio of equities and equity related securities of companies which have their registered office in, and with an official listing on a major stock exchange or other regulated market of the People’s Republic of China ("China"), including Hong Kong SAR, as well as those companies which carry out a predominant part of their business activities in China. The fund will invest primarily in a diverse portfolio of equities and equity related securities of companies which have their registered office in, and with an official listing on a major stock exchange or other regulated market of the People’s Republic of China ("China"), including Hong Kong SAR, as well as those companies which carry out a predominant part of their business activities in China. There are no capitalisation restrictions, and it is anticipated that the fund will seek to invest across a range of capitalisations. The ACD may also invest at its discretion in other transferable securities, money market instruments, deposits, cash and near cash and collective investment schemes.
Benchmark
  • MSCI China 10/40 Index
Investment style
Growth
Investment method
Shares
Fund managers
NameSinceBiography
Mandy Chan31/01/2011Mandy Chan is an investment director in the Chinese equity investment team. Prior to joining HSBC in 2009, Mandy worked for Fortis as CIO for Greater China equities and has been working in the industry since 1997. She holds a Bachelor of Commerce degree in Finance and is a CFA Charterholder.
Compliance
IA Recognised, UCITS IV Compliant, UCITS V Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
HSBC Chinese Equity C Acc
Initial charge-
Annual charge0.8%
Min single investment£1,000,000
Min regular saving£10,000
Available in ISANo
Ongoing charge (OCF)1.05%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price436.4
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMFHE
HSBC Chinese Equity C Inc
Initial charge-
Annual charge0.8%
Min single investment£1,000,000
Min regular saving£10,000
Available in ISANo
Ongoing charge (OCF)1.04%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price365.8
CurrencyGBX
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeMFHD
HSBC Chinese Equity Ret Acc
Initial charge-
Annual charge1.5%
Min single investment£1,000
Min regular saving£500
Available in ISAYes
Ongoing charge (OCF)1.83%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price431.8
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeHC49
HSBC Chinese Equity Ret Inc
Initial charge-
Annual charge1.5%
Min single investment£1,000
Min regular saving£500
Available in ISAYes
Ongoing charge (OCF)1.83%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price367.6
CurrencyGBX
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeWA12
Data provided by

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