Fact sheet: L&G First St GtrChina Gth Pn

Fund information
Fund name
L&G First State Greater China Growth Pn 3
Fund manager company
Legal & General Assurance Soc
Fund type
Pension Fund
Fund managers
  • Sophia Lisince 31/07/2012
  • Martin Lausince 01/12/2003
Underlying fund
First State GtrChina Gth
Fund objective
The Fund aims to grow your investment.
Benchmark
  • MSCI Golden Dragon
Investment style
Growth
Investment method
No data available.
Quick stats
1 Year return
22.4%
1 Year rank in sector
181/222
Sector
PN Asia Pacific Excluding Japan
Yield
-
Fund size
£3m (£3m 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.
129
Bid price
393.52
Offer price
393.52
Top in this sector
Fund name1 Year
FL GM Asia Pac ExJapan Eq Pn39.8%
LV= Invesco Perp Asian Pn39%
FL Invesco Perpetual Asian AP38.2%
Aviva Invesco Perpetual Asian Pn37.7%
FL Invesco Perp Asian Pn37.5%
...more in PN Asia Pacific Excluding Japan

Performance snapshot

Holdings snapshot

  • China39.9%
    Taiwan34.3%
    Hong Kong24.6%
    Money Market1.2%
  • Information Technology35.6%
    Consumer Discretionary19%
    Health Care10.9%
    Consumer Staples8.7%
    Industrials7.2%
  • Hong Kong Equities49.4%
    Taiwanese Equities34.9%
    Chinese Equities10.7%
    US Equities2.2%
    Money Market1.4%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.6%2.9%26%22.4%35.3%81.9%
Sector-3.1%0.9%19.7%25.4%28.4%47%
Rank within sector37 / 22740 / 22510 / 224181 / 22256 / 2094 / 190
Quartile1st1st1st4th2nd1st
Calendar performance
 YTD - 20162015201420132012
Fund22.9%3.9%7.2%12.4%18.3%
Sector24%-3.6%8.3%0.7%16.6%
Rank within sector160 / 2225 / 220126 / 2095 / 20662 / 190
Quartile3rd1st3rd1st2nd
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.
1.21
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.
1.18
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.
0.44
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%.
18.41
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.
7.6
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.
0.3
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.
0.85
Price movement
52 week high424.52
52 week low279.24
Current bid price393.52
Current offer price393.52
Current mid price-
Region
1China39.9%
2Taiwan34.3%
3Hong Kong24.6%
4Money Market1.2%
Industry sector
1Information Technology35.6%
2Consumer Discretionary19%
3Health Care10.9%
4Consumer Staples8.7%
5Industrials7.2%
6Financials7.1%
7Utilities5.3%
8Real Estate2.7%
9Energy1.5%
Asset type
1Hong Kong Equities49.4%
2Taiwanese Equities34.9%
3Chinese Equities10.7%
4US Equities2.2%
5Money Market1.4%
6Singapore Equities1.4%
Individual holdings
1TAIWAN SEMICONDUCTOR MANUFACTURING6%
2TONG REN TANG TECHNOLOGIES CO5.2%
3CK HUTCHISON HLDGS LTD4.2%
4TENCENT HLDGS LIMITED4.2%
5ADVANTECH CO3.8%
6DELTA ELECTRONICS INC3.7%
7POSIFLEX TECHNOLOGIES INC3%
8AIA GROUP LTD2.9%
9MINTH GROUP2.7%
Management
Fund manager group
Legal & General
Fund manager company
Legal & General Assurance Soc
Fund type
Pension Fund
Fund objective
The Fund aims to grow your investment.
Benchmark
  • MSCI Golden Dragon
Investment style
Growth
Investment method
No data available.
Fund managers
NameSinceBiography
Sophia Li31/07/2012Sophia Li is an Analyst in the Asia Pacific/Global Emerging Markets team at First State Investments (‘FSI’). Sophia joined FSI’s Asia Pacific/Global Emerging Market team in August 2009 and provides research support to portfolio managers, with a focus on Greater China. She graduated from Harvard University with an MA in statistics in 2009 and from Fudan University, China with a BSc in statistics in 2007. Sophia has passed the 3 levels of the CFA exams as well as the 2 levels of the CAIA (Chartered Alternative Investment Analyst) exams.
Martin Lau01/12/2003Martin Lau is a Managing Partner of First State Stewart Asia, part of First State Investments. Martin has more than 20 years of experience in managing Asia Pacific and Greater China portfolios. He joined the FSSA team in April 2002 and is based in Hong Kong. Martin is the lead manager of a number of First State funds: the First State Asian Equity Plus Fund, the First State Asian Bridge Fund, the First State Asia Pacific All Cap Fund, the First State New Era PRC Fund, the First State China Growth Fund, the First State Greater China Growth Fund and the First State Hong Kong Growth Fund. He is also co-manager of the Scottish Oriental Smaller Companies Trust in the UK. Martin graduated from Cambridge University with a Bachelor of Arts degree and a Masters degree in Engineering. He is also a CFA charterholder.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
L&G First State Greater China Growth Pn 3
Initial charge-
Annual charge1.02%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.09%
Bid price393.52
Offer price393.52
Mid price-
CurrencyGBX
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNCU7
L&G First State Greater China Growth Pn G25
Initial charge-
Annual charge1.33%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.33%
Bid price388.01
Offer price388.01
Mid price-
CurrencyGBX
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeL376
Data provided by

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