Fact sheet: Matthews Asia Credit Opps

Fund information
Fund name
Matthews Asia Credit Opportunities A Inc USD
Fund manager company
Matthews Asia
Fund type
Offshore Fund
Fund managers
  • Teresa Kongsince 30/09/2015
  • Satya Patelsince 30/09/2015
Fund objective
Total return over the long term.
Benchmark
  • J.P. Morgan Asian Credit Index
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
-
1 Year rank in sector
-
Sector
FO Fixed Int - Asia Pacific
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.
1.75%
Fund size
£11m (£11m last year)
Top in this sector
Fund name1 Year
Aberdeen Gbl AsLCuShDuBd23.3%
Fidelity Asian Hi Yd16.6%
LM WAAsnOpp15.9%
Threadneedle (L)FlexAsnBd15.7%
Eastspring Inv AHYBd15.4%
...more in FO Fixed Int - Asia Pacific

Performance snapshot

Holdings snapshot

  • Hong Kong & China32.1%
    Indonesia25.1%
    Sri Lanka12.1%
    Vietnam9.8%
    Philippines5.5%
  • No data available.
  • Asia Pacific Fixed Interest32.1%
    Asia Pacific Emerging Fixed Interest25.8%
    Indonesian Fixed Interest25.1%
    Philippine Fixed Interest5.5%
    US Fixed Interest5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0%4.9%8%---
Sector0.3%2.8%5.6%10.4%11.1%21.5%
Rank within sector23 / 292 / 295 / 28---
Quartile4th1st1st
Calendar performance
 YTD - 20162015201420132012
Fund11.5%----
Sector8.5%-2%3.7%-3.3%11.1%
Rank within sector8 / 27----
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 high10.89
52 week low9.96
Current bid price-
Current offer price-
Current mid price10.68
Region
1Hong Kong & China32.1%
2Indonesia25.1%
3Sri Lanka12.1%
4Vietnam9.8%
5Philippines5.5%
6USA5%
7Pakistan3.9%
8Singapore3.9%
9Money Market2.6%
Industry sector
No data available.
Asset type
1Asia Pacific Fixed Interest32.1%
2Asia Pacific Emerging Fixed Interest25.8%
3Indonesian Fixed Interest25.1%
4Philippine Fixed Interest5.5%
5US Fixed Interest5%
6Singapore Fixed Interest3.9%
7Money Market2.6%
Individual holdings
1SPRINT COMMUNICATIONS, 6.00% 11/15/225%
2SRI LANKA(REPUBLIC OF) 6.125% BDS 03/06/25 USD200000 144A4.5%
3CTRIP COM INTERNATIONAL 1% BDS 01/07/20 USD10004.3%
4STANDARD CHARTERED, PLC 6.50%4.2%
5INDONESIA GOVERNMENT INTERNATIONAL 5.125% BDS 15/01/45 USD2000004%
6HSBC HOLDINGS, PLC, 6.375%, 12/29/20493.9%
7OLAM INTERNATIONAL 7.5% BDS 12/08/20 USD1000003.9%
8PAKISTAN(REPUBLIC OF) 8.25% BDS 15/04/24 USD200000 REG S3.9%
9NATIONAL SAVINGS BANK 8.875% BDS 18/09/18 USD1000 144A3.8%
Management
Fund manager group
Matthews Asia
Fund manager company
Matthews Asia
Fund type
Offshore Fund
Fund objective
Total return over the long term.
Benchmark
  • J.P. Morgan Asian Credit Index
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Teresa Kong30/09/2015Teresa Kong is a Portfolio Manager at Matthews Asia and manages the firm’s Asia Strategic Income and Asia Credit Opportunities Strategies. Prior to joining Matthews Asia in 2010, she was Head of Emerging Market Investments at Barclays Global Investors, now known as BlackRock, and responsible for managing the firm’s investment strategies in Emerging Asia, Eastern Europe, Africa and Latin America. She developed and managed strategies spanning absolute return, active long-only and exchange-traded funds. In addition to founding the Fixed Income Emerging Markets Group at BlackRock, she was also Senior Portfolio Manager and Credit Strategist on the Fixed Income credit team. Previously, Teresa was a Senior Securities Analyst in the High Yield Group with Oppenheimer Funds, and began her career with JP Morgan Securities Inc., where she worked in the Structured Products Group and Latin America Capital Markets Group. She received both a B.A. in Economics and Political Science and an M.A. in International Development Policies from Stanford University. She speaks Cantonese fluently and is conversational in Mandarin.
Satya Patel30/09/2015Satya Patel is a Portfolio Manager at Matthews Asia and manages the firm’s Asia Credit Opportunities Strategy and co-manages the Asia Strategic Income Strategy. Prior to joining the Matthews Asia in 2011, Satya was an Investment Analyst with Concerto Asset Management. He earned his M.B.A. from the University of Chicago Booth School of Business in 2010. In 2009, Satya worked as an Investment Associate in Private Placements for Metlife Investments and from 2006 to 2008, he was an Associate in Credit Hedge Fund Sales for Deutsche Bank in London. He holds a Master’s in Accounting and Finance from the London School of Economics and a B.A. in Business Administration and Public Health from the University of Georgia. Satya is proficient in Gujarati.
Compliance
UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Germany, Spain, France, United Kingdom, Luxembourg, Offshore, Singapore
Matthews Asia Credit Opportunities A Inc USD
Initial charge-
Annual charge1.2%
Min single investment£1,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)1.75%
Total expense ratio (TER)1.75%
Bid price-
Offer price-
Mid price10.68
CurrencyUSD
Price updated29/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeE29D
Matthews Asia Credit Opportunities I Inc GBP
Initial charge-
Annual charge0.65%
Min single investment£500,000
Min regular saving£125,000
Available in ISANo
Ongoing charge (OCF)1.25%
Total expense ratio (TER)1.25%
Bid price-
Offer price-
Mid price12.51
CurrencyGBP
Price updated29/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeE29F
Matthews Asia Credit Opportunities I Inc USD
Initial charge-
Annual charge0.65%
Min single investment£1,000,000
Min regular saving£250,000
Available in ISANo
Ongoing charge (OCF)1.25%
Total expense ratio (TER)1.25%
Bid price-
Offer price-
Mid price10.72
CurrencyUSD
Price updated29/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeE29E
Data provided by

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