Fact sheet: Invesco PRC Equity

Fund information
Fund name
Invesco PRC Equity A USD
Fund manager company
Invesco Global Asset Mgmt Ltd
Fund type
Unit Trust
Fund managers
  • Mike Shiaosince 29/03/2015
  • William Yuensince 29/03/2015
Fund objective
The objective of this Fund is to achieve long-term capital growth by investing in transferable securities of companies with substantial exposure to mainland China.
Benchmark
  • MSCI China 10/40 ND
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
-0.5%
1 Year rank in sector
14/29
Sector
FO Equity - China
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.
2.21%
Fund size
£731m (£774m 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
Top in this sector
Fund name1 Year
Aberdeen Gbl Chinese Equity23.1%
Pictet China Index19.8%
Allianz China Eq19.7%
Matthews Asia China16.8%
JGF-Jupiter China Select9.8%
...more in FO Equity - China

Performance snapshot

Holdings snapshot

  • China61.4%
    Hong Kong36.8%
    Money Market1.7%
  • Consumer Discretionary25.3%
    Information Technology20.5%
    Financials15.4%
    Consumer Staples10.4%
    Industrials10.2%
  • Chinese Equities61.4%
    Hong Kong Equities36.8%
    Money Market1.7%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.4%-6.4%6.9%-0.5%-6.1%25.6%
Sector0.2%-3.1%10.6%-0.1%9.7%34.3%
Rank within sector16 / 3026 / 3023 / 3014 / 2920 / 2617 / 23
Quartile3rd4th4th2nd4th3rd
Calendar performance
 YTD - 20162015201420132012
Fund1.2%-1.2%-6.7%21.3%16.5%
Sector0.9%0.9%8.4%11.5%13.5%
Rank within sector16 / 3012 / 2626 / 268 / 2613 / 23
Quartile3rd2nd4th2nd3rd
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.
-5.07
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.
1.03
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%.
21.85
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.
6.57
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.
-0.79
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 high55.95
52 week low40.76
Current bid price-
Current offer price-
Current mid price52.3
Region
1China61.44%
2Hong Kong36.84%
3Money Market1.72%
Industry sector
1Consumer Discretionary25.33%
2Information Technology20.48%
3Financials15.41%
4Consumer Staples10.37%
5Industrials10.17%
6Telecommunications Utilities8.74%
7Health Care5.26%
8Real Estate2.52%
9Money Market1.72%
Asset type
1Chinese Equities61.44%
2Hong Kong Equities36.84%
3Money Market1.72%
Individual holdings
1TENCENT HLDGS LIMITED9.79%
2CHINA MOBILE LTD8.74%
3PING AN INSURANCE(GR)CO OF CHINA5.9%
4CTRIP COM INTERNATIONAL4.32%
5VIPSHOP4.29%
6ALIBABA GROUP HLDG LTD4.13%
7ZHUZHOU CRRC TIMES ELECTRIC CO LTD3.85%
8HENGAN INTL GROUP CO LTD3.78%
9BAIDU INC3.57%
Management
Fund manager group
Invesco
Fund manager company
Invesco Global Asset Mgmt Ltd
Fund type
Unit Trust
Fund objective
The objective of this Fund is to achieve long-term capital growth by investing in transferable securities of companies with substantial exposure to mainland China.
Benchmark
  • MSCI China 10/40 ND
Investment style
Growth
Investment method
Shares
Fund managers
NameSinceBiography
Mike Shiao29/03/2015Mike Shiao joined Invesco in 2002 and was promoted to Chief Investment Officer, Greater China in 2015. With over 23 years of industry experience, he leads the Greater China equities team and focuses on the Greater China equity strategy, covering the Hong Kong, China, and Taiwan markets. He is the lead manager for a number of funds, including the Invesco Greater China Equity Fund. He was previously Head of Equities for Invesco Taiwan Ltd. Mike started his investment career in 1992 at Grand Regent Investment Ltd., where he worked for six years as a project manager supervising venture capital investments in Taiwan and China. In 1997, he joined Overseas Credit and Securities Inc. as a senior analyst covering the Taiwan technology sector. Mike also worked at Taiwan International Investment Management Co. as a fund manager, where he was also responsible for technology sector research. Mike holds a Bachelor’s degree from National Chung Hsing University, Taiwan and has a Master of Science degree in Finance from Drexel University, Philadelphia.
William Yuen29/03/2015William Yuen joined Invesco in June 2004 as Fund Manager and he currently holds the title of Associate Director. William is managing regional Asian equity funds. William covered Asia ex Japan markets at Merrill Lynch Investment Managers from October 1999 to June 2004. Prior to that, he was a research analyst at RCP & Partners, a consulting firm. William is a holder of the Chartered Financial Analyst designation. He has a Master of Commerce degree and a Bachelor of Economics degree from the University of Sydney, Australia.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Transparent for German Tax, Distributor Status, IA Recognised, Reporting Fund Status, UCITS IV Compliant, UCITS V Compliant, MAS Unrestricted Scheme
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Chile, Cyprus, Germany, Spain, Finland, France, United Kingdom, Gulf Cooperation Council, Guernsey, Hong Kong, Ireland, Jersey, Luxembourg, Macau, Netherlands, Norway, Offshore, Singapore, Sweden, Taiwan - Province Of China
Invesco PRC Equity A HKD
Initial charge5.26%
Annual charge1.75%
Min single investment£10,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.21%
Total expense ratio (TER)2.46%
Bid price-
Offer price-
Mid price406.3
CurrencyHKD
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeLUG8
Invesco PRC Equity A Hedged Acc AUD
Initial charge5.26%
Annual charge1.75%
Min single investment£1,500
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.21%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.21
CurrencyAUD
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFD3O
Invesco PRC Equity A Hedged Acc CAD
Initial charge5.26%
Annual charge1.75%
Min single investment£1,500
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.21%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price9.83
CurrencyCAD
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFD3P
Invesco PRC Equity A Hedged Acc CHF
Initial charge5.26%
Annual charge1.75%
Min single investment£1,500
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.21%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price9.62
CurrencyCHF
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFCBF
Invesco PRC Equity A Hedged Acc NZD
Initial charge5.26%
Annual charge1.75%
Min single investment£2,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.21%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.5
CurrencyNZD
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFD3N
Invesco PRC Equity A Hedged EUR
Initial charge5.26%
Annual charge1.75%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.21%
Total expense ratio (TER)2.46%
Bid price-
Offer price-
Mid price35.63
CurrencyEUR
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeB6T6
Invesco PRC Equity A USD
Initial charge5.26%
Annual charge1.75%
Min single investment£1,500
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)2.21%
Total expense ratio (TER)2.46%
Bid price-
Offer price-
Mid price52.3
CurrencyUSD
Price updated06/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeGW72
Invesco PRC Equity B USD
Initial charge-
Annual charge1.75%
Min single investment£1,500
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)3.11%
Total expense ratio (TER)3.35%
Bid price-
Offer price-
Mid price45.31
CurrencyUSD
Price updated06/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeIHR4
Invesco PRC Equity C HKD
Initial charge5.26%
Annual charge1.25%
Min single investment£8,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.61%
Total expense ratio (TER)1.86%
Bid price-
Offer price-
Mid price454.66
CurrencyHKD
Price updated06/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeLUG9
Invesco PRC Equity C Hedged EUR
Initial charge5.26%
Annual charge1.25%
Min single investment£800,000
Min regular saving£50,000
Available in ISANo
Ongoing charge (OCF)1.61%
Total expense ratio (TER)1.86%
Bid price-
Offer price-
Mid price39.86
CurrencyEUR
Price updated06/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeB6T7
Invesco PRC Equity C USD
Initial charge5.26%
Annual charge1.25%
Min single investment£1,000,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)1.61%
Total expense ratio (TER)1.86%
Bid price-
Offer price-
Mid price57.09
CurrencyUSD
Price updated06/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeGW80
Invesco PRC Equity S Hedged EUR
Initial charge-
Annual charge0.88%
Min single investment£10,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.99%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.17
CurrencyEUR
Price updated06/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeNH6S
Invesco PRC Equity Z Annual Dis USD
Initial charge5.26%
Annual charge0.88%
Min single investment£1,500
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.34%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.64
CurrencyUSD
Price updated06/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFASX
Data provided by

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