Fact sheet: ML ZEAL VygGrtChina UCITS

Fund information
Fund name
ML ZEAL Voyage Greater China UCITS Z Acc USD
Fund manager company
Merrill Lynch International
Fund type
Offshore Fund
Fund manager
  • Ronald Chansince 26/08/2014
Fund objective
The Sub-Fund aims to generate long-term returns from investments in companies predominantly established in or operating within the People's Republic of China (including Hong Kong and Macau) and Taiwan. The Sub-Fund may invest in China B-Shares and/ or China A-shares. Exposure to China A-Shares and China B-Shares may be obtained in different ways, such as via the Shanghai Hong Kong Stock Connect for China A-shares. The Fund pursues a long short investment strategy by investing in companies which the Investment Manager believes are not valued correctly by the market (because, for example, of a misunderstanding of the company's fundamentals). The Sub-Fund may also, to a lesser extent, invest in securities which are not related to Greater China from time to time where opportunities can be identified.
Benchmark
  • No Specified Index
Investment style
Long/Short
Investment method
Equity
Quick stats
1 Year return
11.9%
1 Year rank in sector
15/118
Sector
FO Hedge/Stru Prod - Equity
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.
2.2%
Fund size
£35m
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.
101
Top in this sector
Fund name1 Year
Stratton Street Japan Syn Warrant85.4%
Candriam GFUS Eq Opp34.4%
Income Partners AllSeasnAsCred33.9%
MontLake ToscaMiCaUCITS31.7%
FundLogic MS DltnAsPfcUCITS21.4%
...more in FO Hedge/Stru Prod - Equity

Performance snapshot

Holdings snapshot

  • China29%
    Taiwan-0.2%
    Hong Kong-0.8%
    Others-2.3%
  • Consumer Discretionary26%
    Financials8.3%
    Information Technology8.1%
    Health Care7.2%
    Materials5.8%
  • No data available.

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.4%7%1.3%11.9%--
Sector-0.2%1.5%1.2%2.5%4.3%11.5%
Rank within sector10 / 1358 / 13457 / 13115 / 118--
Quartile1st1st2nd1st
Calendar performance
 YTD - 20172016201520142013
Fund6.2%1.1%-5.4%--
Sector1.4%-2%2.7%2.5%7.1%
Rank within sector9 / 13441 / 11387 / 93--
Quartile1st2nd4th
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 high106.69
52 week low92.76
Current bid price-
Current offer price-
Current mid price106.56
Region
1China29.01%
2Taiwan-0.18%
3Hong Kong-0.75%
4Others-2.27%
Industry sector
1Consumer Discretionary26.02%
2Financials8.27%
3Information Technology8.11%
4Health Care7.24%
5Materials5.75%
6Industrials-1.75%
7Energy-3.35%
8Utilities-5.88%
9Others-18.59%
Asset type
No data available.
Individual holdings
1KINGBOARD LAMINATES HOLDINGS LTD4.22%
2SHENZHOU INTERNATIONAL GROUP HLDGS4.21%
3MINTH GROUP4.01%
4CHINA HONGQIAO GROUP LTD2.53%
5CHINA CONSTRUCTION BANK2.25%
Management
Fund manager group
Merrill Lynch
Fund manager company
Merrill Lynch International
Fund type
Offshore Fund
Fund objective
The Sub-Fund aims to generate long-term returns from investments in companies predominantly established in or operating within the People's Republic of China (including Hong Kong and Macau) and Taiwan. The Sub-Fund may invest in China B-Shares and/ or China A-shares. Exposure to China A-Shares and China B-Shares may be obtained in different ways, such as via the Shanghai Hong Kong Stock Connect for China A-shares. The Fund pursues a long short investment strategy by investing in companies which the Investment Manager believes are not valued correctly by the market (because, for example, of a misunderstanding of the company's fundamentals). The Sub-Fund may also, to a lesser extent, invest in securities which are not related to Greater China from time to time where opportunities can be identified.
Benchmark
  • No Specified Index
Investment style
Long/Short
Investment method
Equity
Fund manager
NameSinceBiography
Ronald Chan26/08/2014Ronald Chan has been with our Group in various capacities since 1995, and has over 12 years of investment experience. Before joining Global Investors, Ronald was an investment analyst with National Mutual Fund Management Asia, and before that with Barclays Bank as credit analyst. Ronald graduated as an aeronautical engineer at The Imperial College, The University of London, followed by an MBA at the same university. He is a CFA charter-holder and is based in Hong Kong. Ronald has managed the Allianz Total Return Asian Equity Fund since May 2004.
Compliance
Transparent for Austrian Tax, UCITS IV Compliant, UCITS V Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Germany, Denmark, Spain, Finland, France, United Kingdom, Ireland, Italy, Luxembourg, Netherlands, Norway, Offshore, Portugal, Singapore, Sweden
ML ZEAL Voyage Greater China UCITS B Acc USD
Initial charge-
Annual charge1.75%
Min single investment£1,000,000
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)2.16%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price106.85
CurrencyUSD
Price updated22/03/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKV4M
ML ZEAL Voyage Greater China UCITS D Acc EUR
Initial charge-
Annual charge1.75%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price102.25
CurrencyEUR
Price updated22/03/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeNF2Y
ML ZEAL Voyage Greater China UCITS Z Acc USD
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.2%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price106.56
CurrencyUSD
Price updated22/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKZXV
Data provided by

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You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.