Fact sheet: Manulife Taiwan Equity

Fund information
Fund name
Manulife Taiwan Equity AA
Fund manager company
Manulife Global Fund
Fund type
Offshore Fund
Fund manager
  • Manulife Asset Management (HK) Ltd.since 29/01/2007
Fund objective
The sub-fund aims to provide long term capital growth for those who hold a long term investment view and who are prepared to accept significant fluctuations in the value of their investments in order to achieve long term returns. It is intended that the investments will be made on a diversified basis. The underlying investment portfolio will mainly consist of equity-related investments and equities of companies that are listed on any stock exchange in Taiwan, or companies covering the different sectors of the economy in Taiwan and which are listed on any stock exchange, or companies that derive a significant portion of their earnings from Taiwan. The sub-fund may also invest in convertible bonds and depositary receipts issued by such companies, debt obligations of the Government of Taiwan, collective investment schemes and closed-end sub-funds. The remaining assets of the sub fund may include bonds, deposits and other investments
Benchmark
  • Taiwan TAIEX Index
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
14.6%
1 Year rank in sector
8/33
Sector
FO Equity - Asia Pacific Single Country
Yield
-
Fund size
£29m (£28m 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.
143
Top in this sector
Fund name1 Year
Dragon Vietnam Equity UCITS22.9%
JPMorgan Thailand19.6%
Templeton Thailand19.1%
PXP Vietnam Emerging Equity18.5%
JPM Indonesia Eq16.5%
...more in FO Equity - Asia Pacific Single Country

Performance snapshot

Holdings snapshot

  • Taiwan99.9%
    Money Market0.1%
  • Information Technology47.6%
    Consumer Discretionary12.1%
    Financials11.8%
    Industrials10.3%
    Materials7.8%
  • Taiwanese Equities99.9%
    Money Market0.1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.7%-5.6%8.9%14.6%23.1%64.6%
Sector-1.3%-5.2%4.4%7.7%3.7%27.5%
Rank within sector22 / 3219 / 338 / 338 / 333 / 312 / 29
Quartile3rd3rd1st1st1st1st
Calendar performance
 YTD - 20162015201420132012
Fund16.3%1.3%2.7%7.9%23.6%
Sector9.2%-11.1%7.7%0.8%24.7%
Rank within sector7 / 335 / 3324 / 3112 / 3018 / 29
Quartile1st1st4th2nd3rd
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.
6.42
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.
0.85
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.
0.27
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%.
13.02
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.
7.48
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.
0.82
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.
0.69
Price movement
52 week high1.93
52 week low1.39
Current bid price-
Current offer price-
Current mid price1.75
Region
1Taiwan99.89%
2Money Market0.11%
Industry sector
1Information Technology47.59%
2Consumer Discretionary12.07%
3Financials11.8%
4Industrials10.34%
5Materials7.78%
6Consumer Staples5.76%
7Health Care4.55%
8Money Market0.11%
Asset type
1Taiwanese Equities99.89%
2Money Market0.11%
Individual holdings
1TAIWAN SEMICONDUCTOR CO10.16%
2WALSIN TECHNOLOGY CORP4.75%
3LARGAN PRECISION CO LTD4.56%
4TTY BIOPHARM CO LTD4.55%
5CHILISIN ELECTRONICS CORP4.46%
6TUNG THIH ELECTRONIC CO. LTD.4.42%
7ENNOCONN CORP4.12%
8TCI CO LTD4.05%
9POWERTECH TECHNOLOGY INC4.04%
Management
Fund manager group
Manulife Global Fund
Fund manager company
Manulife Global Fund
Fund type
Offshore Fund
Fund objective
The sub-fund aims to provide long term capital growth for those who hold a long term investment view and who are prepared to accept significant fluctuations in the value of their investments in order to achieve long term returns. It is intended that the investments will be made on a diversified basis. The underlying investment portfolio will mainly consist of equity-related investments and equities of companies that are listed on any stock exchange in Taiwan, or companies covering the different sectors of the economy in Taiwan and which are listed on any stock exchange, or companies that derive a significant portion of their earnings from Taiwan. The sub-fund may also invest in convertible bonds and depositary receipts issued by such companies, debt obligations of the Government of Taiwan, collective investment schemes and closed-end sub-funds. The remaining assets of the sub fund may include bonds, deposits and other investments
Benchmark
  • Taiwan TAIEX Index
Investment style
Growth
Investment method
Shares
Fund manager
NameSinceBiography
Manulife Asset Management (HK) Ltd.29/01/2007
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 Taiwan Equity AA
Initial charge5%
Annual charge1.75%
Min single investment£20,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1.7545
CurrencyUSD
Price updated06/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeO919
Data provided by

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