Fact sheet: L&G M&G Asian Pn

Fund information
Fund name
L&G M&G Asian Pn G25
Fund manager company
Legal & General Assurance Soc
Fund type
Pension Fund
Fund managers
  • Matthew Vaightsince 29/02/2008
  • Alice de Charmoysince 01/03/2015
Underlying fund
M&G Asian
Fund objective
The fund aims to generate capital growth over the long term (five years or more) by investing at least 80% of the fund in the shares of companies throughout Asia (excluding Japan) and Australasia. It can also invest in companies that conduct the majority of their business activities in these countries. Investments are chosen based purely on a company’s individual merits. The fund manager focuses on firms that are run for the benefit of their shareholders and whose future profitability, in his opinion, is not fully appreciated by other investors. He has an investment horizon of three to five years and selects stocks with different drivers of profitability to construct a diversified portfolio that has the potential to cope in a variety of market conditions.
Benchmark
  • MSCI AC Asia Pacific ex Japan
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
47.9%
1 Year rank in sector
35/214
Sector
PN Asia Pacific Excluding Japan
Yield
-
Fund size
£0m (£0m 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.
114
Bid price
288.41
Offer price
288.41
Top in this sector
Fund name1 Year
FL Invesco Perp Asian Pn60.9%
FL Invesco Perpetual Asian AP59.8%
Aviva Invesco Perpetual Asian Pn58.9%
SIP Inv Perp Asian Pn58.8%
Aviva Invsc Prptul AsnPn58.2%
...more in PN Asia Pacific Excluding Japan

Performance snapshot

Holdings snapshot

  • China19.1%
    Korea17.4%
    Taiwan16.8%
    Hong Kong16.4%
    Australia10.7%
  • Information Technology30.3%
    Financials29%
    Industrials11.7%
    Materials8.2%
    Utilities5.7%
  • Chinese Equities19.1%
    South Korean Equities17.4%
    Taiwanese Equities16.8%
    Hong Kong Equities16.4%
    Australian Equities10.7%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund4.1%1.6%12.8%47.9%39.6%74.6%
Sector2.9%2.3%11.7%40.9%43%71.1%
Rank within sector52 / 220120 / 22086 / 22035 / 214108 / 19982 / 187
Quartile1st3rd2nd1st3rd2nd
Calendar performance
 YTD - 20172016201520142013
Fund10.9%27.4%-4.7%6.6%4%
Sector11%27%-3.6%8.3%0.7%
Rank within sector111 / 220115 / 212117 / 210128 / 19926 / 196
Quartile3rd3rd3rd3rd1st
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.
-1.44
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.
1.08
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.
0.54
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%.
16.15
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.
4.87
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.
-0.13
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.
0.91
Price movement
52 week high293.96
52 week low195.06
Current bid price288.41
Current offer price288.41
Current mid price-
Region
1China19.08%
2Korea17.37%
3Taiwan16.79%
4Hong Kong16.36%
5Australia10.66%
6Singapore6%
7India5.74%
8UK2.75%
9Philippines1.85%
Industry sector
1Information Technology30.31%
2Financials29%
3Industrials11.69%
4Materials8.15%
5Utilities5.68%
6Telecommunications3.82%
7Consumer Discretionary3.8%
8Energy3.67%
9Money Market1.81%
Asset type
1Chinese Equities19.08%
2South Korean Equities17.37%
3Taiwanese Equities16.79%
4Hong Kong Equities16.36%
5Australian Equities10.66%
6Singapore Equities6%
7Indian Equities5.74%
8UK Equities2.75%
9Philippine Equities1.85%
Individual holdings
1SAMSUNG ELECTRONICS CO5.77%
2TAIWAN SEMICONDUCTOR CO4.73%
3AIA GROUP LTD3.74%
4CK HUTCHISON HLDGS LTD3.22%
5DBS GROUP HLDGS LTD3.17%
6BAIDU INC3.12%
7SHINHAN FINANCIAL GROUP2.84%
8QBE INSURANCE GROUP2.82%
9SK HYNIX INC2.61%
Management
Fund manager group
Legal & General
Fund manager company
Legal & General Assurance Soc
Fund type
Pension Fund
Fund objective
The fund aims to generate capital growth over the long term (five years or more) by investing at least 80% of the fund in the shares of companies throughout Asia (excluding Japan) and Australasia. It can also invest in companies that conduct the majority of their business activities in these countries. Investments are chosen based purely on a company’s individual merits. The fund manager focuses on firms that are run for the benefit of their shareholders and whose future profitability, in his opinion, is not fully appreciated by other investors. He has an investment horizon of three to five years and selects stocks with different drivers of profitability to construct a diversified portfolio that has the potential to cope in a variety of market conditions.
Benchmark
  • MSCI AC Asia Pacific ex Japan
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Matthew Vaight29/02/2008Matthew Vaight joined M&G’s UK equity desk in 1996. He is a member of the M&G Equities team and is manager of the M&G Asian Fund and the M&G Global Emerging Markets Fund. Matthew graduated from Oxford University with a first class honours degree in mathematics. He is a member of the UK Society of Investment Professionals (UKSIP).
Alice de Charmoy01/03/2015Alice de Charmoy was appointed deputy fund manager of the M&G Asian Fund and the M&G Global Emerging Markets Fund in March 2015, having spent nearly two years as a dedicated analyst for the funds. She joined M&G in June 2013 from Comgest in Hong Kong, where she was an analyst focusing on Asian companies. Prior to that, Alice worked for Amiral Gestion as a global equities analyst. She graduated in 2005 from Université Paris Dauphine with a Masters degree in banking and finance. Alice is also a CFA charterholder.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
L&G M&G Asian Pn G25
Initial charge-
Annual charge1.44%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.44%
Bid price288.41
Offer price288.41
Mid price-
CurrencyGBX
Price updated23/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeL294
Data provided by

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