Fact sheet: Man Convtl Far East

Fund information
Fund name
Man Convertibles Far East D Acc EUR
Fund manager company
Man Investments
Fund type
Offshore Fund
Fund manager
  • Carsten Oppeltsince 01/06/2006
Fund objective
The fund invests primarily in convertible bonds of the Asia-Pacific region (ex Japan). It seeks to achieve superior returns through capital appreciation and interest income. After allocating the fund's assets to countries, the manager selects convertible bonds considered attractive based on an analysis of the credit profile and the underlying equity, as well as technical features and valuation. The investment policy allows the fund to hedge the equity, interest rate, credit and currency exposure. Due to the attractive risk return profile of convertible bonds, the fund offers an opportunity for a defensive investment in the equity markets of the Asia-Pacific region.
Benchmark
  • Merrill Lynch Asia/Pacific Convertible
Investment style
None
Investment method
Convertibles
Quick stats
1 Year return
3.9%
1 Year rank in sector
53/72
Sector
FO Convertible
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.
1.76%
Fund size
£132m (£132m 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.
76
Top in this sector
Fund name1 Year
Man Convertibles Am16.5%
Swisscanto (LU) Bond COCO14.4%
CQS Global Convertible UCITS12.5%
UBS (L)BCnvrtEur€12.4%
Principal GIF SpcGlCapSec11.6%
...more in FO Convertible

Performance snapshot

Holdings snapshot

  • China51.4%
    Taiwan13.6%
    Singapore9.8%
    Hong Kong6.8%
    Malaysia4.1%
  • BBB45.4%
    BB22%
    A16.3%
    B13.5%
    Non-Rated1.9%
  • Chinese Fixed Interest54.1%
    Taiwanese Fixed Interest12.2%
    Hong Kong Fixed Interest11.8%
    Singapore Fixed Interest8.5%
    Thai Fixed Interest3.9%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0%2.2%1.9%3.9%8.2%18.8%
Sector1.4%2.2%4%5.9%7.5%27.7%
Rank within sector69 / 7236 / 7266 / 7253 / 7230 / 6044 / 51
Quartile4th2nd4th3rd2nd4th
Calendar performance
 YTD - 20172016201520142013
Fund2.7%-0.5%6.2%1.5%3.3%
Sector3.3%0.7%2.9%2.3%11.7%
Rank within sector47 / 7248 / 7112 / 6746 / 6051 / 53
Quartile3rd3rd1st4th4th
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.
1.17
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.
0.88
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
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%.
7.82
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.
6.1
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.
0.12
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.
0.39
Price movement
52 week high1831.52
52 week low1717.68
Current bid price-
Current offer price-
Current mid price1820.3
Region
1China51.41%
2Taiwan13.58%
3Singapore9.8%
4Hong Kong6.79%
5Malaysia4.07%
6Thailand3.69%
7Money Market3%
8Philippines2.91%
9Australia2.62%
Industry sector
1BBB45.4%
2BB22%
3A16.3%
4B13.5%
5Non-Rated1.9%
6Money Market0.9%
Asset type
1Chinese Fixed Interest54.12%
2Taiwanese Fixed Interest12.19%
3Hong Kong Fixed Interest11.79%
4Singapore Fixed Interest8.52%
5Thai Fixed Interest3.86%
6Australian Fixed Interest3.57%
7South Korean Fixed Interest2.18%
8Malaysian Fixed Interest2.08%
9Money Market0.9%
Individual holdings
1CHCONS 0 01/05/235.48%
2SHNZOU 0 ½ 6/18/195.14%
3RLCONS 0 01/29/214.92%
4SMIZCH 0 11/07/18 REGS4.92%
5XINAOG 02/26/20184.46%
6ADSEMI 0 09/05/184.42%
7SBSG 0 12/01/184.28%
8UNIMIC 0 05/18/204.28%
9CSLOCO 0 02/05/214.25%
Management
Fund manager group
Man Investments
Fund manager company
Man Investments
Fund type
Offshore Fund
Fund objective
The fund invests primarily in convertible bonds of the Asia-Pacific region (ex Japan). It seeks to achieve superior returns through capital appreciation and interest income. After allocating the fund's assets to countries, the manager selects convertible bonds considered attractive based on an analysis of the credit profile and the underlying equity, as well as technical features and valuation. The investment policy allows the fund to hedge the equity, interest rate, credit and currency exposure. Due to the attractive risk return profile of convertible bonds, the fund offers an opportunity for a defensive investment in the equity markets of the Asia-Pacific region.
Benchmark
  • Merrill Lynch Asia/Pacific Convertible
Investment style
None
Investment method
Convertibles
Fund manager
NameSinceBiography
Carsten Oppelt01/06/2006Carsten Oppelt is Co-Head of Convertibles at Man Investments (CH) AG and is based in Pfäffikon, Switzerland. He is responsible for managing the Man Convertibles Far East. Prior to joining RMF (now Man Investments) in 2006, he spent six years with Activest Investment in Munich as a portfolio manager for convertible, corporate and government bonds. Carsten holds a diploma in Business administration from the Technical University of Berlin. He is also a CFA charterholder.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Reporting Fund Status, UCITS V Compliant
Domicile
No data available.
Fund for sale in
Austria, Switzerland, Cyprus, Czech Republic, Germany, Denmark, Spain, Finland, France, United Kingdom, Italy, Liechtenstein, Luxembourg, Netherlands, Norway, Offshore, Portugal, Singapore, Sweden
Man Convertibles Far East D Acc EUR
Initial charge5%
Annual charge1.5%
Min single investment£1,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.76%
Total expense ratio (TER)1.8%
Bid price-
Offer price-
Mid price1820.3
CurrencyEUR
Price updated26/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeRH14
Man Convertibles Far East D H Acc USD
Initial charge5%
Annual charge1.5%
Min single investment£1,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.77%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price98.55
CurrencyUSD
Price updated26/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeN10A
Man Convertibles Far East D H CHF
Initial charge5%
Annual charge1.5%
Min single investment£1,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.76%
Total expense ratio (TER)1.81%
Bid price-
Offer price-
Mid price132.88
CurrencyCHF
Price updated26/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFSY6
Man Convertibles Far East I H Acc CHF
Initial charge5%
Annual charge0.75%
Min single investment£100,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.97%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price113.57
CurrencyCHF
Price updated26/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeJFNV
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