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
  • Howard Wangsince 01/10/2009
  • Emerson Yipsince 30/07/2007
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
20/39
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
£1,547m (£1,737m 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
Guinness Best of China40.1%
GS China Opp Eq Prtflio35.1%
Fidelity China Focus35%
Comgest Gth Gtr Chn31.9%
Old Mutual China Eq31.9%
...more in FO Equity - Greater China

Performance snapshot

Holdings snapshot

  • China55.3%
    Taiwan23.1%
    Hong Kong20.6%
    Money Market1%
  • Financials28.8%
    Information Technology28%
    Consumer Discretionary10.4%
    Others9.6%
    Industrials6.8%
  • Chinese Equities55.3%
    Taiwanese Equities23.1%
    Hong Kong Equities20.6%
    Money Market1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1%8%3.5%17.4%16.6%42.4%
Sector-0.6%7.4%4.2%17.9%17.8%33%
Rank within sector29 / 3914 / 3924 / 3920 / 3921 / 3617 / 33
Quartile3rd2nd3rd3rd3rd3rd
Calendar performance
 YTD - 20172016201520142013
Fund13.2%1.9%-6.3%5.6%12.1%
Sector12.8%0.7%-5%4.6%10.7%
Rank within sector17 / 3917 / 3929 / 3715 / 3611 / 34
Quartile2nd2nd4th2nd2nd
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.
-0.02
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%.
17.66
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.
3.03
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.
-0.07
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 high124.91
52 week low96.82
Current bid price-
Current offer price-
Current mid price123.3
Region
1China55.3%
2Taiwan23.1%
3Hong Kong20.6%
4Money Market1%
Industry sector
1Financials28.8%
2Information Technology28%
3Consumer Discretionary10.4%
4Others9.6%
5Industrials6.8%
6Health Care6.4%
7Real Estate4.6%
8Utilities4.4%
9Money Market1%
Asset type
1Chinese Equities55.3%
2Taiwanese Equities23.1%
3Hong Kong Equities20.6%
4Money Market1%
Individual holdings
1TENCENT HLDGS LTD9.9%
2TAIWAN SEMICONDUCTOR MANUFACTURING9.8%
3AIA GROUP LTD5.5%
4CHINA CONSTRUCTION BANK4.9%
5PING AN INSURANCE(GR)CO OF CHINA4.2%
Management
Fund manager group
J.P. Morgan Asset Management
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
Howard Wang01/10/2009Howard Wang, managing director, is a country specialist for Greater China equities and head of the Greater China team within the Emerging Markets and Asia Pacific (EMAP) Equities team. Based in Hong Kong, he leads the Greater Chinadedicated portfolio management and research teams in Hong Kong and Taipei and serves as the primary advisor for the investment team at J.P. Morgan Asset Management’s (JPMAM) Shanghai-based joint venture China International Fund Management (CIFM). He joined the firm in 2005 after eight years at Goldman Sachs, where he was managing director and head of the Taipei office as well as an executive director with Goldman's equities principal strategies team in Hong Kong. He began his career with Lazard Frères in 1995 as a financial analyst in mergers & acquisitions in New York. Howard obtained a B.A. summa cum laude in economics from Yale University, where he was elected vice president of Phi Beta Kappa.
Emerson Yip30/07/2007Emerson Yip, managing director, is a country specialist for Greater China equities and a member of the Greater China Team within the Emerging Markets and Asia Pacific (EMAP) Equities Team. Based in Hong Kong, he joined the firm in 2006 after eight years at 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. Emerson began his career with Morgan Stanley in 1994 as a financial analyst in the mergers, acquisitions and restructuring department in New York. Emerson obtained his B.S. magna cum laude in Applied Mathematics and International Studies from Yale University, where he was elected to Phi Beta Kappa.
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£16,000
Min regular saving£16,000
Available in ISANo
Ongoing charge (OCF)1.14%
Total expense ratio (TER)1.14%
Bid price-
Offer price-
Mid price123.3
CurrencyHKD
Price updated21/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeAYH3
JPMorgan SAR Greater China B NAV
Initial charge-
Annual charge-
Min single investment£16,000
Min regular saving£16,000
Available in ISANo
Ongoing charge (OCF)0.14%
Total expense ratio (TER)0.14%
Bid price-
Offer price-
Mid price130.67
CurrencyHKD
Price updated21/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeAYH5
Data provided by

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