Fact sheet: JPMorgan SAR Greater China

Fund information
Fund name
JPMorgan SAR Greater China A NAV
Fund manager company
JP Morgan Funds (Asia) Limited
Fund type
Offshore Fund
Fund managers
  • Emerson Yipsince 30/07/2007
  • Howard Wangsince 01/10/2009
Fund objective
To provide investors with long term capital growth in HK dollar terms through a portfolio consisting primarily of securities of companies based or operating principally in the People’s Republic of China, Hong Kong, Macau or Taiwan (“Greater China Region”) and the majority of these companies will be listed on a stock exchange in Hong Kong or Taiwan.
Benchmark
  • MSCI Golden Dragon ex Foreign Listing Index
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
17.4%
1 Year rank in sector
15/38
Sector
FO Equity - Greater 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.
1.14%
Fund size
£1,657m (£1,707m 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.
139
Top in this sector
Fund name1 Year
Templeton China40.6%
Fidelity China Focus35.3%
Old Mutual China Eq34%
Pictet Greater China30.4%
GS China Opp Eq Prtflio30%
...more in FO Equity - Greater China

Performance snapshot

Holdings snapshot

  • China55.5%
    Hong Kong21.1%
    Taiwan20.9%
    Money Market2.5%
  • Financials34%
    Information Technology29.9%
    Consumer Discretionary8.3%
    Industrials7.2%
    Others5.9%
  • Chinese Equities55.5%
    Hong Kong Equities21.1%
    Taiwanese Equities20.9%
    Money Market2.5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund4.7%19%18.9%17.4%16.3%62.5%
Sector3.6%17%16%14.6%13.5%49.1%
Rank within sector8 / 4011 / 409 / 4015 / 3814 / 3411 / 32
Quartile1st2nd1st2nd2nd2nd
Calendar performance
 YTD - 20162015201420132012
Fund12.8%-6.3%5.6%12.1%25.7%
Sector8.1%-5%4.6%10.7%16.3%
Rank within sector8 / 4027 / 3611 / 3512 / 332 / 32
Quartile1st3rd2nd2nd1st
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.
0.5
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.
0.96
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.
0.11
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%.
17.67
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.
3.2
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.
0.1
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.
0.97
Price movement
52 week high120.88
52 week low89.17
Current bid price-
Current offer price-
Current mid price120.52
Region
1China55.5%
2Hong Kong21.1%
3Taiwan20.9%
4Money Market2.5%
Industry sector
1Financials34%
2Information Technology29.9%
3Consumer Discretionary8.3%
4Industrials7.2%
5Others5.9%
6Health Care4.3%
7Telecommunications Utilities4.3%
8Utilities3.6%
9Money Market2.5%
Asset type
1Chinese Equities55.5%
2Hong Kong Equities21.1%
3Taiwanese Equities20.9%
4Money Market2.5%
Individual holdings
1TENCENT HLDGS LTD9.6%
2TAIWAN SEMICONDUCTOR MANUFACTURING9.4%
3AIA GROUP LTD6%
4CHINA CONSTRUCTION BANK4.5%
5PING AN INSURANCE(GR)CO OF CHINA3.6%
Management
Fund manager group
JP Morgan
Fund manager company
JP Morgan Funds (Asia) Limited
Fund type
Offshore Fund
Fund objective
To provide investors with long term capital growth in HK dollar terms through a portfolio consisting primarily of securities of companies based or operating principally in the People’s Republic of China, Hong Kong, Macau or Taiwan (“Greater China Region”) and the majority of these companies will be listed on a stock exchange in Hong Kong or Taiwan.
Benchmark
  • MSCI Golden Dragon ex Foreign Listing Index
Investment style
Growth
Investment method
Shares
Fund managers
NameSinceBiography
Emerson Yip30/07/20072006: 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
Howard Wang01/10/2009Howard 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
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom, Hong Kong, Offshore
JPMorgan SAR Greater China A NAV
Initial charge-
Annual charge1%
Min single investment£2,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.14%
Total expense ratio (TER)1.14%
Bid price-
Offer price-
Mid price120.52
CurrencyHKD
Price updated23/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeAYH3
JPMorgan SAR Greater China B NAV
Initial charge-
Annual charge-
Min single investment£2,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.14%
Total expense ratio (TER)0.14%
Bid price-
Offer price-
Mid price126.99
CurrencyHKD
Price updated23/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeAYH5
Data provided by

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