Fact sheet: JP Morgan Chinese IT plc

Fund information
Fund name
JP Morgan Chinese IT plc
Fund manager company
JP Morgan Asset Management UK
Fund type
Investment Trust
Fund managers
  • William Tongsince 01/03/2010
  • Emerson Yipsince 30/04/2006
  • Shumin Huangsince 01/12/2007
  • Howard Wangsince 30/09/2005
Fund objective
To provide long term capital growth by investment in ‘Greater China’ companies.
Benchmark
  • MSCI Golden Dragon
Investment style
Growth
Investment method
No data available.
Quick stats
1 Year return
22.4%
1 Year rank in sector
7/8
Sector
IT Country Specialists Asia Pacific
Yield
-
Fund size
£146m
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.
155
Mid price
198.5
NAV
?Net asset value. The NAV per share may be higher or lower than the share price, which in turn is trading at either a discount or a premium to NAV.
231.76
Discount/Premium
?When the market price of an investment trust’s shares is less than the net asset value (NAV) per share then it is trading at a discount to NAV. A trust’s shares are on a premium when they trade at a higher price than the NAV.
-15.11
Gearing
?Investment trusts have the ability to borrow money which they invest with the aim of generating a higher return than the cost of the loan. An ungeared trust has a figure of 100. A figure of 110 would represent a trust with 10% gearing.
117
Top in this sector
Fund name1 Year
VinaCapital Vietnam Opp58.3%
Fidelity China Spec Sits Plc31.8%
Abrdn New Thai IT PLC31.5%
India Cap Grwth24.6%
Vietnam Ent Inv24.4%
...more in IT Country Specialists Asia Pacific

Performance snapshot

Holdings snapshot

  • No data available.
  • Information Technology31.5%
    Financials22.9%
    Consumer Discretionary15%
    Industrials8.5%
    Health Care6.3%
  • No data available.

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-2.7%-3.9%22.9%22.4%26.5%68.2%
Sector-5.1%0.2%21.7%33%73.4%112.7%
Rank within sector3 / 86 / 83 / 87 / 88 / 88 / 8
Quartile2nd3rd2nd4th4th4th
Calendar performance
 YTD - 20162015201420132012
Fund18.3%-4.7%11.4%11.6%24.6%
Sector28.7%-1%35.8%2.9%25.8%
Rank within sector6 / 87 / 87 / 84 / 83 / 8
Quartile3rd4th4th2nd2nd
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.
-11.27
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.
1.15
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.
0.24
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%.
22.48
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.
14.91
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.
-0.65
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.
0.56
Price movement
52 week high224
52 week low134.75
Current bid price198
Current offer price198.5
Current mid price198.5
Region
No data available.
Industry sector
1Information Technology31.5%
2Financials22.9%
3Consumer Discretionary15%
4Industrials8.5%
5Health Care6.3%
6Energy3.7%
7Consumer Staples3%
8Utilities3%
9Others2.5%
Asset type
No data available.
Individual holdings
1ALIBABA GROUP HLDG LTD9.1%
2TENCENT HLDGS LTD9.1%
3PING AN INSURANCE(GR)CO OF CHINA5.8%
4CHINA MERCHANTS BANK CO LTD5.6%
5CNOOC3.7%
6CHINA CITIC BANK CORP LTD3.2%
7AAC TECHNOLOGIES HLDGS INC2.6%
8JD.COM2.6%
9CHINA CONSTRUCTION BANK2.5%
Management
Fund manager group
JP Morgan
Fund manager company
JP Morgan Asset Management UK
Fund type
Investment Trust
Fund objective
To provide long term capital growth by investment in ‘Greater China’ companies.
Benchmark
  • MSCI Golden Dragon
Investment style
Growth
Investment method
No data available.
Fund managers
NameSinceBiography
William Tong01/03/2010William Tong (vice president), is an investment manager with the Greater China team which forms part of the Pacific Regional Group and he took up current position as the chief investment officer in Taiwan in January 2009; he joined the firm in 2008. Immediately before joining the firm, William spent eleven years with Goldman Sachs. He began his career with Goldman Sachs in Singapore as an executive director of European equity sales and was later appointed as head of Singapore equities sales desk in 2003. He moved to Taiwan in 2005 and was appointed head of Taiwan equities sales. William began his investment career in 1994 with Kay Hian James Capel with the European / Asian equity sales team. William obtained a Bachelor of Business Administration (Hons) from the National University of Singapore.
Emerson Yip30/04/20062006: Joined the firm as an investment manager with the Greater China team, which forms part of the Pacific Regional Group in Hong Kong 1998: Joined Newbridge Capital where he was a director responsible for managing funds dedicated to private equity investment opportunities throughout Asia. During his time at Newbridge, Emerson worked in the Hong Kong, Singapore and San Francisco offices, responsible for their investment activities across various industry sectors and geographies. 1996: Joined a New York-based private equity firm, Bessemer Partners & Co. as an investment associate. 1994: Joined Morgan Stanley as a financial analyst, initially working in the New York mergers, acquisition and restructuring department and subsequently transferring to their Hong Kong corporate finance and execution division in 1995. Education / Qualification: B.S. (magna cum laude) Applied Mathematics - Yale University Phi Beta Kappa
Shumin Huang01/12/2007Mr. Shumin Huang had done BS (Business Administration) in National University of Taiwan and MBA from London Business School. In 1992 Shumin joined UBS Taiwan as a research analyst covering steel and financials sectors. In 1996 he was transferred to Hong Kong as director and head of Asia Pacific chemical research. In 1997 Shumin joined Goldman Sachs as an associate in Global Investment Research and was later appointed managing director and head of Asia-Pacific Energy and Chemicals team. In 2006 Shumin joined JF Asset Management as an investment manager with the Greater China team which forms part of the Pacific Regional Group in Hong Kong.
Howard Wang30/09/2005Howard Wang graduated from Yale University with a degree in Economics; he has over 18 years of investment experience. Howard investment career began in 1995, when he joined Lazard Freres in New York as a mergers & acquisitions analyst. One year later he joined Morgan Stanley Capital Partners as an analyst. In 1997 he joined Goldman Sachs, later he was appointed as an executive director with the equities principal strategies ream in Hong Kong. He was promoted to the managing director of Taiwan sell side equities business and general manager of the Taipei office. In 2005, Howard joined JF asset Management as a regional investment manager and head of the Greater China team, which forms part of the Pacific Regional Group in Hong Kong. Currently he is the Managing Director, head of the Greater China team, and being responsible for the managing portfolios investing in China, Taiwan, and Hong Kong markets. He is also leading and coordinating the investment process for the Pacific Regional Group's Greater China dedicated portfolio managers located in both Hong Kong and Taipei. He also serves as the primary advisor and liaison with the investment team at JPMAM's Shanghai-based joint venture China International Fund Management.
Compliance
AIC Member
Domicile
No data available.
Fund for sale in
United Kingdom
JP Morgan Chinese IT plc
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 price234.81
CurrencyGBX
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNJOO
JP Morgan Chinese IT plc Sub
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price0.01
Offer price0.75
Mid price0.38
CurrencyGBX
Price updated15/05/2013
Type-
Institutional or retail classRetail
Domicile-
Citi codeCUK4
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