Fact sheet: Man Convtl Far East

Fund information
Fund name
Man Convertibles Far East D H Acc USD
Fund manager company
Man Investments
Fund type
Offshore Fund
Fund manager
  • Carsten Oppeltsince 31/05/2006
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
  • MSCI AC Asia ex Japan
Investment style
None
Investment method
Convertibles
Quick stats
1 Year return
0.7%
1 Year rank in sector
20/72
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.
1.77%
Fund size
£132m (£133m last year)
Top in this sector
Fund name1 Year
Man Convertibles Am9.2%
CQS Global Convertible UCITS4.5%
HAM Gbl Convtbl Bd3.3%
Franklin Gl Cnvtl Secrts2.4%
Convertible & Credit2.1%
...more in FO Convertible

Performance snapshot

Holdings snapshot

  • China52.9%
    Taiwan15.4%
    Singapore9.6%
    Hong Kong6.8%
    Malaysia4.6%
  • BBB50.9%
    BB25.1%
    B12.1%
    A10.3%
    Money Market1.2%
  • Chinese Fixed Interest51.4%
    Taiwanese Fixed Interest13.6%
    Singapore Fixed Interest9.8%
    Hong Kong Fixed Interest6.8%
    Malaysian Fixed Interest4.1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.1%0.1%3.4%0.7%--
Sector-0.4%-0.4%1.1%-1.8%5.7%29.2%
Rank within sector33 / 7325 / 7310 / 7320 / 72--
Quartile2nd2nd1st2nd
Calendar performance
 YTD - 20162015201420132012
Fund0.8%----
Sector-0.5%2.9%2.3%11.7%10.9%
Rank within sector23 / 72----
Quartile2nd
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 high96.3
52 week low91.61
Current bid price-
Current offer price-
Current mid price95.45
Region
1China52.9%
2Taiwan15.4%
3Singapore9.6%
4Hong Kong6.8%
5Malaysia4.6%
6Australia3.3%
7Philippines3%
8Korea1.9%
9Thailand1.5%
Industry sector
1BBB50.9%
2BB25.1%
3B12.1%
4A10.3%
5Money Market1.2%
6Non-Rated0.4%
Asset type
1Chinese Fixed Interest51.41%
2Taiwanese Fixed Interest13.58%
3Singapore Fixed Interest9.8%
4Hong Kong Fixed Interest6.79%
5Malaysian Fixed Interest4.07%
6Thai Fixed Interest3.69%
7Money Market3%
8Philippine Fixed Interest2.91%
9Australian Fixed Interest2.62%
Individual holdings
1SHNZOU 0 ½ 6/18/196.05%
2CHCONS 0 01/05/235.42%
3RLCONS 0 01/29/215.05%
4SMIZCH 0 11/07/18 REGS4.79%
5XINAOG 02/26/20184.59%
6ADSEMI 0 09/05/184.47%
7SBSG 0 12/01/184.21%
8CSLOCO 0 02/05/214.2%
9UNIMIC 0 05/18/204.17%
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
  • MSCI AC Asia ex Japan
Investment style
None
Investment method
Convertibles
Fund manager
NameSinceBiography
Carsten Oppelt31/05/2006Carsten 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 IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Switzerland, Cyprus, Germany, Denmark, Spain, Finland, France, United Kingdom, Italy, 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 price1774.99
CurrencyEUR
Price updated30/11/2016
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 price95.45
CurrencyUSD
Price updated30/11/2016
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 price129.92
CurrencyCHF
Price updated30/11/2016
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 price110.69
CurrencyCHF
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeJFNV
Data provided by

The Content is only for your general information and use and is not intended to address your particular requirements. The Content does not constitute any form of advice, recommendation or arrangement by Moneywise and is not intended to be relied upon by you in making (or refraining from making) any specific investment or other decisions. Appropriate independent advice should be obtained before making any such decision.

This information is sourced from our partner Financial Express. We believe the data to be correct however you should take care in using any information.

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.