Fact sheet: JPM China Bond

Fund information
Fund name
JPM China Bond C Hedged Dis GBP
Fund manager company
JPMorgan Asset Mgmt (Europe) S
Fund type
Offshore Fund
Fund manager
  • Stephen Changsince 01/06/2015
Fund objective
To achieve a return in excess of the China bond markets by primarily investing in Chinese debt securities.
Benchmark
  • Citigroup Dim Sum bond index
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
4.8%
1 Year rank in sector
7/32
Sector
FO Fixed Int - Other Single Currency
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.
0.65%
Fund size
£80m (£65m last year)
Top in this sector
Fund name1 Year
HSBC GIF Brazil Bond61%
Aberdeen Gbl Brazil Bond53.9%
Baring China Bond20.3%
Aberdeen Gbl Indian Bond9.8%
Stratton Street RenminbiBd UI9.2%
...more in FO Fixed Int - Other Single Currency

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.2%1.3%3%4.8%--
Sector0%1.4%2.4%4.5%8.1%12.2%
Rank within sector16 / 3311 / 339 / 337 / 32--
Quartile2nd2nd2nd1st
Calendar performance
 YTD - 20162015201420132012
Fund3%----
Sector4%-0.9%4.2%-0.3%4.3%
Rank within sector15 / 33----
Quartile2nd
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.
-
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.
-
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.
-
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%.
-
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.
-
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.
-
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.
-
Price movement
52 week high10.99
52 week low10.44
Current bid price10.45
Current offer price10.45
Current mid price-
Region
No data available.
Industry sector
No data available.
Asset type
No data available.
Individual holdings
No data available.
Management
Fund manager group
JP Morgan
Fund manager company
JPMorgan Asset Mgmt (Europe) S
Fund type
Offshore Fund
Fund objective
To achieve a return in excess of the China bond markets by primarily investing in Chinese debt securities.
Benchmark
  • Citigroup Dim Sum bond index
Investment style
None
Investment method
Fixed Interest
Fund manager
NameSinceBiography
Stephen Chang01/06/2015Stephen Chang, managing director, is head of the Asian Fixed Income team within the Global Fixed Income, Currency & Commodities (GFICC) group. Based in Hong Kong, his team is responsible for managing bond portfolios in the region and is active in Asian credit instruments across investment grade and high yield to local currency bonds and convertibles. In addition, his responsibilities include setting macro and asset allocation strategy as part of the broader emerging market debt team. Prior to joining the firm in 2004, Stephen worked with the Royal Bank of Scotland in Hong Kong as senior interest rates and derivatives trader. Previously he was based in New York with Fischer Francis Trees & Watts, Inc. as a global fixed income portfolio analyst and was later appointed as a global fixed income portfolio manager. He holds a B.Sc. in computer science from Cornell University, an M.Sc. in management science from Stanford University and is a CFA charterholder.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Transparent for German Tax, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Switzerland, Curacao, United Kingdom, Luxembourg, Offshore, Singapore
JPM China Bond A Acc NAV RMB
Initial charge3%
Annual charge1%
Min single investment£35,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.2%
Total expense ratio (TER)1.2%
Bid price-
Offer price-
Mid price107.75
CurrencyCNH
Price updated23/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFUNH
JPM China Bond A Acc RMB
Initial charge3%
Annual charge1%
Min single investment£35,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.2%
Total expense ratio (TER)1.2%
Bid price107.21
Offer price110.98
Mid price-
CurrencyCNH
Price updated23/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFUNI
JPM China Bond A Hedged Mth HKD
Initial charge3%
Annual charge1%
Min single investment£35,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.2%
Total expense ratio (TER)1.2%
Bid price120.8
Offer price125.05
Mid price-
CurrencyHKD
Price updated23/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFUNO
JPM China Bond A Hedged Mth NAV HKD
Initial charge3%
Annual charge1%
Min single investment£35,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.2%
Total expense ratio (TER)1.2%
Bid price-
Offer price-
Mid price121.41
CurrencyHKD
Price updated23/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFUNN
JPM China Bond A Hedged Mth NAV USD
Initial charge3%
Annual charge1%
Min single investment£35,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.2%
Total expense ratio (TER)1.2%
Bid price-
Offer price-
Mid price15.74
CurrencyUSD
Price updated23/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFUNL
JPM China Bond A Hedged Mth USD
Initial charge3%
Annual charge1%
Min single investment£35,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.2%
Total expense ratio (TER)1.2%
Bid price15.66
Offer price16.21
Mid price-
CurrencyUSD
Price updated23/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFUNM
JPM China Bond A Mth NAV RMB
Initial charge3%
Annual charge1%
Min single investment£35,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.2%
Total expense ratio (TER)1.2%
Bid price-
Offer price-
Mid price101.79
CurrencyCNH
Price updated23/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFUNJ
JPM China Bond A Mth RMB
Initial charge3%
Annual charge1%
Min single investment£35,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.2%
Total expense ratio (TER)1.2%
Bid price101.28
Offer price104.84
Mid price-
CurrencyCNH
Price updated23/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFUNK
JPM China Bond C Hedged Dis GBP
Initial charge-
Annual charge0.5%
Min single investment£10,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.65%
Total expense ratio (TER)0.65%
Bid price10.45
Offer price10.45
Mid price-
CurrencyGBP
Price updated23/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFUNG
JPM China Bond C Hedged Dis NAV GBP
Initial charge-
Annual charge0.5%
Min single investment£10,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.65%
Total expense ratio (TER)0.65%
Bid price-
Offer price-
Mid price10.45
CurrencyGBP
Price updated23/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFUNF
Data provided by

The Content is only for your general information and use and is not intended to address your particular requirements. The Content does not constitute any form of advice, recommendation or arrangement by Moneywise and is not intended to be relied upon by you in making (or refraining from making) any specific investment or other decisions. Appropriate independent advice should be obtained before making any such decision.

This information is sourced from our partner Financial Express. We believe the data to be correct however you should take care in using any information.

You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.