Fact sheet: Matthews Asia China

Fund information
Fund name
Matthews Asia China I Acc GBP
Fund manager company
Matthews Asia
Fund type
Offshore Fund
Fund managers
  • Andrew Mattocksince 31/03/2015
  • Henry Zhangsince 29/04/2010
  • Winnie Chwangsince 31/03/2014
Fund objective
Long-term capital appreciation.
Benchmark
  • MSCI China
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
17.4%
1 Year rank in sector
-
Sector
FO Equity - China
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.
1.5%
Fund size
£16m (£50m 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.
161
Top in this sector
Fund name1 Year
Aberdeen Gbl Chinese Equity24.7%
Pictet China Index22.3%
Allianz China Eq21.8%
Matthews Asia China17.4%
JGF-Jupiter China Select11.9%
...more in FO Equity - China

Performance snapshot

Holdings snapshot

  • Hong Kong & China97.4%
    Money Market2.7%
  • Financials37.7%
    Information Technology20.3%
    Consumer Discretionary12%
    Industrials6.7%
    Telecommunications Utilities6.2%
  • Asia Pacific Equities97.4%
    Money Market2.7%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-3.7%1.8%30.2%17.4%22%38%
Sector-0.5%-2.7%10.3%1.8%10.4%34.9%
Rank within sector------
Quartile
Calendar performance
 YTD - 20162015201420132012
Fund17.1%4.7%3%4.5%7.2%
Sector1.5%0.9%8.4%11.5%13.5%
Rank within sector-----
Quartile
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.
4.98
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.
0.9
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.
0.24
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%.
20.31
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.
9.15
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.
0.47
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.
0.8
Price movement
52 week high13.57
52 week low8.49
Current bid price-
Current offer price-
Current mid price12.63
Region
1Hong Kong & China97.4%
2Money Market2.7%
Industry sector
1Financials37.7%
2Information Technology20.3%
3Consumer Discretionary12%
4Industrials6.7%
5Telecommunications Utilities6.2%
6Energy5.8%
7Health Care4.1%
8Materials2.8%
9Money Market2.7%
Asset type
1Asia Pacific Equities97.4%
2Money Market2.7%
Individual holdings
1TENCENT HLDGS LTD0.1%
2ALIBABA GROUP HLDG LTD0.08%
3PING AN INSURANCE(GR)CO OF CHINA0.06%
4CHINA CONSTRUCTION BANK0.05%
5CHINA LIFE INSURANCE CO0.05%
6INDUSTRIAL & COM BK CHNA0.04%
7NETEASE INC0.04%
8CHINA MERCHANTS BANK CO LTD0.03%
9CHINA STATE CONSTRUCTION INTL HLDG0.03%
Management
Fund manager group
Matthews Asia
Fund manager company
Matthews Asia
Fund type
Offshore Fund
Fund objective
Long-term capital appreciation.
Benchmark
  • MSCI China
Investment style
Growth
Investment method
Shares
Fund managers
NameSinceBiography
Andrew Mattock31/03/2015Andrew Mattock is a Portfolio Manager at Matthews Asia and manages the firm'¢s China Strategy. Prior to joining the firm in 2015, he was a Fund Manager at Henderson Global Investors for 15 years, first in London and then in Singapore, managing Asia Pacific equities. Andrew holds a Bachelor of Business in Accounting from ACU. He began his career at PricewaterhouseCoopers and is qualified as a Chartered Accountant. Andrew has been a Portfolio Manager of the Matthews China Fund since 2015.
Henry Zhang29/04/2010Henry Zhang is a Portfolio Manager at Matthews Asia and co-manages the firm’s China Strategy. Prior to joining Matthews Asia in 2007 as a Research Analyst, Henry served as an Application Consultant and Project Manager at Gifford Fong Associates for five years. Before moving to the United States, Henry worked for more than four years at Huaneng Power International, Inc., a NYSE-listed corporation, in China. Henry received a Master’s in Financial Engineering from the University of California, Berkeley and a B.S. in Finance from San Francisco State University. He is fluent in Mandarin.
Winnie Chwang31/03/2014Winnie Chwang is a Portfolio Manager at Matthews Asia and co-manages the firm’s China and Asia ESG Strategies. She joined the firm in 2004 and has built her investment career at the firm. Winnie earned an M.B.A. from the Haas School of Business and received her B.A. in Economics with a minor in Business Administration from the University of California, Berkeley. She is fluent in Mandarin and conversational in Cantonese.
Compliance
Transparent for Swiss Tax, IA Recognised, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Switzerland, Germany, Spain, Finland, France, United Kingdom, Hong Kong, Luxembourg, Offshore, Singapore, Sweden
Matthews Asia China A Acc GBP
Initial charge-
Annual charge1.25%
Min single investment£500
Min regular saving£250
Available in ISANo
Ongoing charge (OCF)2%
Total expense ratio (TER)2%
Bid price-
Offer price-
Mid price12.25
CurrencyGBP
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeN6K9
Matthews Asia China A Acc USD
Initial charge5%
Annual charge1.25%
Min single investment£1,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)2%
Total expense ratio (TER)2%
Bid price-
Offer price-
Mid price10.15
CurrencyUSD
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeM9Z0
Matthews Asia China I Acc GBP
Initial charge5%
Annual charge0.75%
Min single investment£500,000
Min regular saving£125,000
Available in ISANo
Ongoing charge (OCF)1.5%
Total expense ratio (TER)2%
Bid price-
Offer price-
Mid price12.63
CurrencyGBP
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeN6L0
Matthews Asia China I Acc USD
Initial charge5%
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£250,000
Available in ISANo
Ongoing charge (OCF)1.5%
Total expense ratio (TER)2%
Bid price-
Offer price-
Mid price11.15
CurrencyUSD
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeM9Y9
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