Fact sheet: HSBC Merit UK Equity

Fund information
Fund name
HSBC Merit UK Equity A Inst Inc
Fund manager company
HSBC Gbl Asset Mgt (HSBC Inv)
Fund type
OEIC
Fund manager
  • HSBC Passive Equity Management Teamsince 07/10/2015
Fund objective
The fund seeks to provide long term capital growth by investing in a diversified portfolio of UK stocks. The fund aims to achieve its objective by adopting a quantitative investment process. This investment process seeks to invest in a wide range of companies that combine both attractive valuations with positive corporate earnings and price momentum signals. This style of investment process is called MERIT (Multi-Factor Enhanced Return Investment Technique). 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
  • No Specified Index
Investment style
Value
Investment method
Shares
Quick stats
1 Year return
20%
1 Year rank in sector
102/275
Sector
UT UK All Companies
Yield
3.3%
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.
0.54%
Fund size
£68m (£68m 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.
98
Mid price
116.2
Top in this sector
Fund name1 Year
Stan Life Inv UK Eq Recvry41.4%
R&M UK Equity Long Term Recovery33.1%
VT The Beagle31.7%
UBS UK Opportunities31%
JOHCM UK Dynamic28.5%
...more in UT UK All Companies

Performance snapshot

Holdings snapshot

  • No data available.
  • Financials19.6%
    Consumer Goods17.8%
    Consumer Services12.3%
    Oil & Gas11.8%
    Industrials10.2%
  • No data available.

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.7%4.8%7.9%20%20.9%54.2%
Sector0.9%4.8%7.4%17.7%20.7%59.5%
Rank within sector173 / 283163 / 281100 / 278102 / 275158 / 261183 / 246
Quartile3rd3rd2nd2nd3rd3rd
Calendar performance
 YTD - 20172016201520142013
Fund4.3%14.1%0.6%-0.2%21.9%
Sector4.3%11.2%3.7%0.6%25.7%
Rank within sector137 / 281109 / 273204 / 264180 / 259181 / 252
Quartile2nd2nd4th3rd3rd
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.
-0.1
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.
0.97
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.
0.17
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%.
9.32
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.
2.95
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.
-0.09
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.
0.9
Price movement
52 week high117.6
52 week low96.56
Current bid price-
Current offer price-
Current mid price116.2
Region
No data available.
Industry sector
1Financials19.61%
2Consumer Goods17.75%
3Consumer Services12.25%
4Oil & Gas11.84%
5Industrials10.19%
6Health Care10.06%
7Basic Materials6.03%
8Telecommunications4.79%
9Utilities4.08%
Asset type
No data available.
Individual holdings
1HSBC HOLDINGS PLC5.12%
2BRITISH AMERICAN TOBACCO PLC4.2%
3GLAXOSMITHKLINE PLC4.04%
4BP PLC3.99%
5ROYAL DUTCH SHELL3.83%
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 in a diversified portfolio of UK stocks. The fund aims to achieve its objective by adopting a quantitative investment process. This investment process seeks to invest in a wide range of companies that combine both attractive valuations with positive corporate earnings and price momentum signals. This style of investment process is called MERIT (Multi-Factor Enhanced Return Investment Technique). 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
  • No Specified Index
Investment style
Value
Investment method
Shares
Fund manager
NameSinceBiography
HSBC Passive Equity Management Team07/10/2015
Compliance
IA Recognised, UCITS IV Compliant, UCITS V Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
HSBC Merit UK Equity A Inst Inc
Initial charge-
Annual charge0.5%
Min single investment£1,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.54%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price116.2
CurrencyGBX
Price updated23/03/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeT700
Data provided by

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