Fact sheet: Matthews Asia Japan

Fund information
Fund name
Matthews Asia Japan A Acc USD
Fund manager company
Matthews Asia
Fund type
Offshore Fund
Fund managers
  • Taizo Ishidasince 30/04/2015
  • Kenichi Amakisince 30/04/2015
Fund objective
Long-term capital appreciation.
Benchmark
  • MSCI Japan
Investment style
None
Investment method
Shares
Quick stats
1 Year return
7.2%
1 Year rank in sector
102/109
Sector
FO Equity - Japan
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.
2%
Fund size
£118m (£61m 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.
136
Top in this sector
Fund name1 Year
DSBI Lux SICAV DSBIJpnEqFdtlAct52.9%
Eastspring Inv JapFdVal41.1%
Pictet Japanese Equity Opp39.4%
GAM Star Jap Eq36.7%
Old Mutual Japanese Eq36%
...more in FO Equity - Japan

Performance snapshot

Holdings snapshot

  • Japan98.2%
    Money Market1.8%
  • Industrials23.7%
    Consumer Discretionary18.9%
    Financials16.2%
    Consumer Staples11.3%
    Health Care9.4%
  • Japanese Equities98.2%
    Money Market1.8%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.8%7.7%-2%7.2%--
Sector-0.5%2.3%11.5%18.8%40.3%81.4%
Rank within sector6 / 1175 / 117113 / 115102 / 109--
Quartile1st1st4th4th
Calendar performance
 YTD - 20172016201520142013
Fund6.9%-0.4%---
Sector3.2%4.5%11.8%4.1%43.2%
Rank within sector10 / 11770 / 106---
Quartile1st3rd
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 high11.4
52 week low9.94
Current bid price-
Current offer price-
Current mid price11.04
Region
1Japan98.2%
2Money Market1.8%
Industry sector
1Industrials23.7%
2Consumer Discretionary18.9%
3Financials16.2%
4Consumer Staples11.3%
5Health Care9.4%
6Information Technology9%
7Materials4.4%
8Real Estate3.2%
9Telecommunications Utilities2%
Asset type
1Japanese Equities98.2%
2Money Market1.8%
Individual holdings
1MITSUBISHI UFJ FINANCIAL GROUP3.9%
2SUZUKI MOTOR CORP2.8%
3TOKIO MARINE HLDGS INC2.7%
4SUMITOMO MITSUI FINANCIAL GROUP INC2.6%
5MITSUI & CO2.5%
6KAO CORP2.4%
7KEYENCE CORP2.4%
8MURATA MANUFACTURING CO2.4%
9NIDEC CORP2.3%
Management
Fund manager group
Matthews Asia
Fund manager company
Matthews Asia
Fund type
Offshore Fund
Fund objective
Long-term capital appreciation.
Benchmark
  • MSCI Japan
Investment style
None
Investment method
Shares
Fund managers
NameSinceBiography
Taizo Ishida30/04/2015Taizo Ishida is a Portfolio Manager at Matthews Asia. He manages the firm’s Asia Growth and Emerging Asia Strategies, and co-manages the Japan Strategy. Prior to joining Matthews Asia in 2006, Taizo spent six years on the global and international teams at Wellington Management Company as a Vice President and Portfolio Manager. From 1997 to 2000, he was a Senior Securities Analyst and a member of the international investment team at USAA Investment Management Company. From 1990 to 1997, he was a Principal and Senior Research Analyst at Sanford Bernstein & Co. Prior to beginning his investment career at Yamaichi International (America), Inc. as a Research Analyst, he spent two years in Dhaka, Bangladesh as a Program Officer with the United Nations Development Program. Taizo received a B.A. in Social Science from International Christian University in Tokyo and an M.A. in International Relations from The City College of New York. He is fluent in Japanese.
Kenichi Amaki30/04/2015Kenichi Amaki is a Portfolio Manager at Matthews Asia. He manages the firm’s Japan Strategy and co-manages the Asia Small Companies and China Small Companies Strategies. Prior to joining the firm in 2008 as a Research Analyst, he was an investment officer for a family trust based in Monaco, researching investment opportunities primarily in Japan. From 2001 to 2004, he worked on the International Pension Fund Team at Nomura Asset Management in Tokyo, Japan. Kenichi received a B.A. in Law from Keio University in Japan and an M.B.A. from the University of California, Berkeley, and is fluent in Japanese.
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Germany, Spain, Finland, France, United Kingdom, Luxembourg, Offshore, Singapore, Sweden
Matthews Asia Japan A Acc USD
Initial charge5.26%
Annual charge1.25%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2%
Total expense ratio (TER)2%
Bid price-
Offer price-
Mid price11.04
CurrencyUSD
Price updated24/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMDRG
Matthews Asia Japan I Acc GBP
Initial charge5.26%
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)1.5%
Bid price-
Offer price-
Mid price13.76
CurrencyGBP
Price updated24/03/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeMDRE
Matthews Asia Japan I Acc USD
Initial charge5.26%
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)1.5%
Bid price-
Offer price-
Mid price11.15
CurrencyUSD
Price updated24/03/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeMDRF
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