Fact sheet: Manulife China Value

Fund information
Fund name
Manulife China Value AA
Fund manager company
Manulife Global Fund
Fund type
Offshore Fund
Fund managers
  • Value Partners Limitedsince 01/04/1998
  • Cheah Cheng Hyesince 27/01/2005
Fund objective
The sub-fund aims to achieve long term capital appreciation through investment primarily in securities of companies with substantial business interests in the Greater China Region (which includes Mainland China, Hong Kong and Taiwan) which are listed or traded on the stock exchanges of Shanghai, Shenzhen, Hong Kong, Taipei or other overseas exchanges and which are currently under-valued but which may have long term potential.
Benchmark
  • FTSE All World Grtr China USD
Investment style
Value
Investment method
Shares
Quick stats
1 Year return
3.8%
1 Year rank in sector
36/38
Sector
FO Equity - Greater China
Yield
-
Fund size
£839m (£886m 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.
140
Top in this sector
Fund name1 Year
Templeton China38%
Fidelity China Focus36.4%
Old Mutual China Eq34.1%
GS China Opp Eq Prtflio31.3%
Pictet Greater China31.1%
...more in FO Equity - Greater China

Performance snapshot

Holdings snapshot

  • China51.3%
    Hong Kong23.8%
    Taiwan20.4%
    Money Market2.2%
    Singapore1.8%
  • Technology17.4%
    Others15.2%
    Insurance12.4%
    Consumer Goods11.9%
    Industrials10.2%
  • Chinese Equities51.3%
    Hong Kong Equities23.8%
    Taiwanese Equities20.4%
    Money Market2.2%
    Singapore Equities1.8%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund3%15.6%11.2%3.8%8.7%33.4%
Sector3.2%16.9%15.5%14.1%12.9%42.7%
Rank within sector21 / 4033 / 4036 / 4036 / 3825 / 3426 / 32
Quartile3rd4th4th4th3rd4th
Calendar performance
 YTD - 20162015201420132012
Fund0.2%-5.6%6.5%10%13.1%
Sector7.6%-5%4.6%10.7%16.3%
Rank within sector37 / 4024 / 3610 / 3517 / 3329 / 32
Quartile4th3rd2nd3rd4th
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.
-2.12
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.
1.04
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%.
19.44
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.
4.75
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.
-0.44
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.
0.94
Price movement
52 week high2.65
52 week low2.03
Current bid price-
Current offer price-
Current mid price2.51
Region
1China51.31%
2Hong Kong23.75%
3Taiwan20.37%
4Money Market2.2%
5Singapore1.78%
6International0.59%
Industry sector
1Technology17.35%
2Others15.23%
3Insurance12.43%
4Consumer Goods11.9%
5Industrials10.18%
6Real Estate8.53%
7Banks8.29%
8Oil & Gas7.12%
9Telecommunications6.77%
Asset type
1Chinese Equities51.31%
2Hong Kong Equities23.75%
3Taiwanese Equities20.37%
4Money Market2.2%
5Singapore Equities1.78%
6International Equities0.59%
Individual holdings
1TENCENT HLDGS LTD7.3%
2TAIWAN SEMICONDUCTOR MANUFACTURING6.9%
3PETROCHINA CO3.6%
4AIA GROUP LTD3.5%
5CHINA MOBILE LTD3.5%
6CHONGQING CHANGAN AUTOMOBILE3.2%
7CHINA CONSTRUCTION BANK2.6%
8NEW CHINA LIFE INSURANCE CO LTD2.4%
9LARGAN PRECISION CO LTD2.3%
Management
Fund manager group
Manulife Global Fund
Fund manager company
Manulife Global Fund
Fund type
Offshore Fund
Fund objective
The sub-fund aims to achieve long term capital appreciation through investment primarily in securities of companies with substantial business interests in the Greater China Region (which includes Mainland China, Hong Kong and Taiwan) which are listed or traded on the stock exchanges of Shanghai, Shenzhen, Hong Kong, Taipei or other overseas exchanges and which are currently under-valued but which may have long term potential.
Benchmark
  • FTSE All World Grtr China USD
Investment style
Value
Investment method
Shares
Fund managers
NameSinceBiography
Value Partners Limited01/04/1998
Cheah Cheng Hye27/01/2005Mr. Cheah has been in charge of Manulife China Value Fund management since the Fund was launched in April 1998. He was formerly Head of Research and proprietary trader for Morgan Grenfell Securities in Hong Kong. Prior to that, he was a financial journalist for The Asian Wall Street Journal and Far Eastern Economic Review Limited. He has more than 29 years of working experience, stationed in various Asian cities as well as in London. Mr Norman Ho, FCCA, CFA - Fund Manager. He joined Value Partners in 1995, currently serves as Fund Manager and involved in fund-management, research, asset allocation and the supervision and training of staff. He started his career as an accountant with Ernst & Young in 1989, and subsequently served as broker in Dao Heng Securities from 1992. He graduated from University of Hong Kong with a Bachelor of Social Science, major in management studies. He is also a Fellow of the Association of Chartered Certified Accountants and a Chartered Financial Analyst (CFA).
Compliance
Distributor Status, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom, Hong Kong, Luxembourg, Offshore, Singapore
Manulife China Value A
Initial charge-
Annual charge1.5%
Min single investment£1,560,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.71%
Bid price-
Offer price-
Mid price8.0325
CurrencyUSD
Price updated27/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeVH24
Manulife China Value AA
Initial charge5%
Annual charge1.75%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price2.5148
CurrencyUSD
Price updated27/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeVH61
Manulife China Value HI
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1.0098
CurrencyUSD
Price updated12/02/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeGSCD
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.