Fact sheet: JPMorgan Provident High Growth

Fund information
Fund name
JPMorgan Provident High Growth M
Fund manager company
JP Morgan Funds (Asia) Limited
Fund type
Unit Trust
Fund manager
No data available.
Fund objective
To maximise its long-term capital appreciation in Hong Kong dollar terms and to outperform Hong Kong salary inflation over the long term through a professionally managed portfolio of interests in collective investment schemes managed by the Manager or its Connected Persons. The Fund will have significantly more exposure in global equities than a traditional growth fund. The underlying assets of the Fund will primarily be invested in global equity markets although the Fund may be weighted towards Hong Kong and Asian markets at the discretion of the Manager.
Benchmark
  • No Specified Index
Investment style
Growth
Investment method
Equity, Fixed Interest
Quick stats
1 Year return
0.8%
1 Year rank in sector
53/76
Sector
FO Mixed Asset - Aggressive
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.
1.03%
Fund size
£986m (£916m 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.
106
Top in this sector
Fund name1 Year
CMI Global Mixed23.1%
HSBC Pfl Wld Seltn 522.6%
AIM MA22.3%
Capital Group GAlcL21.5%
Dimensional World Alloc 80/2021.2%
...more in FO Mixed Asset - Aggressive

Performance snapshot

Holdings snapshot

  • Hong Kong31.6%
    Americas25.6%
    Europe14.6%
    Asia Pacific ex Japan14%
    Japan9.5%
  • Equities93.6%
    Fixed Interest4.8%
    Money Market1.6%
  • International Equities93.6%
    Global Fixed Interest4.8%
    Money Market1.6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.6%-3.1%3.1%0.8%--
Sector0.2%-0.9%3.9%3.2%10.8%32.2%
Rank within sector44 / 8173 / 8244 / 8253 / 76--
Quartile3rd4th3rd3rd
Calendar performance
 YTD - 20162015201420132012
Fund1.9%-1.6%---
Sector4.1%0%4.6%11.4%9.7%
Rank within sector54 / 7643 / 71---
Quartile3rd3rd
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 high216.49
52 week low176.92
Current bid price-
Current offer price-
Current mid price207.39
Region
1Hong Kong31.59%
2Americas25.6%
3Europe14.56%
4Asia Pacific ex Japan13.97%
5Japan9.54%
6Money Market3.17%
7Global Emerging Markets1.57%
Industry sector
1Equities93.6%
2Fixed Interest4.8%
3Money Market1.6%
Asset type
1International Equities93.6%
2Global Fixed Interest4.8%
3Money Market1.6%
Individual holdings
1TENCENT HLDGS LTD3.4%
2HSBC HOLDINGS PLC2.4%
3AIA GROUP LTD2.1%
4CHINA CONSTRUCTION BANK2.1%
5PING AN INSURANCE(GR)CO OF CHINA1.4%
Management
Fund manager group
JP Morgan
Fund manager company
JP Morgan Funds (Asia) Limited
Fund type
Unit Trust
Fund objective
To maximise its long-term capital appreciation in Hong Kong dollar terms and to outperform Hong Kong salary inflation over the long term through a professionally managed portfolio of interests in collective investment schemes managed by the Manager or its Connected Persons. The Fund will have significantly more exposure in global equities than a traditional growth fund. The underlying assets of the Fund will primarily be invested in global equity markets although the Fund may be weighted towards Hong Kong and Asian markets at the discretion of the Manager.
Benchmark
  • No Specified Index
Investment style
Growth
Investment method
Equity, Fixed Interest
Fund manager
No data available.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom, Hong Kong, Offshore
JPMorgan Provident High Growth
Initial charge-
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.63%
Total expense ratio (TER)1.63%
Bid price-
Offer price-
Mid price224.08
CurrencyHKD
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeK356
JPMorgan Provident High Growth M
Initial charge-
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.03%
Total expense ratio (TER)1.03%
Bid price-
Offer price-
Mid price207.39
CurrencyHKD
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeM3ZM
Data provided by

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