Fact sheet: Mirae Asset As Sec Leader Eq

Fund information
Fund name
Mirae Asset Asia Sector Leader Equity A
Fund manager company
Mirae Asset Global Investments
Fund type
Offshore Fund
Fund manager
  • Rahul Chadhasince 30/04/2014
Fund objective
The primary objective of Mirae Asset Asia Sector Leader Equity Fund is to achieve long term growth in the share price through capital appreciation of the underlying equity portfolio. The Principal Investment Manager will seek to achieve the objective of the Sub-Fund by investing mainly in equities and equity related securities of sector leading companies domiciled in or exercising a large portion of their economic activity in countries of Asia (ex. Japan), including Korea, Taiwan, China, Hong Kong, Singapore, India, Malaysia, Indonesia, Thailand and Philippines but additional opportunities are also sought, whenever regulations permit, in any of the emerging market in Asia.
Benchmark
  • MSCI AC Asia ex Japan
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
8.2%
1 Year rank in sector
164/176
Sector
FO Equity - Asia Pacific ex Japan
Yield
-
Fund size
£420m (£498m 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.
121
Top in this sector
Fund name1 Year
Templeton Asian Gth62%
Tiburon Taipan59.9%
Old Mutual AnEqIn55.6%
Old Mutual AnEqIn55.3%
Old Mutual Pac Eq54.9%
...more in FO Equity - Asia Pacific ex Japan

Performance snapshot

Holdings snapshot

  • China28.2%
    India25.3%
    Korea15%
    Hong Kong8.2%
    Indonesia5.7%
  • Information Technology22%
    Financials19.3%
    Consumer Discretionary18.5%
    Consumer Staples8.7%
    Health Care8.7%
  • Chinese Equities28.2%
    Indian Equities25.3%
    South Korean Equities15%
    Hong Kong Equities8.2%
    Indonesian Equities5.7%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund3.3%-4.1%0.5%8.2%2.8%-
Sector3.1%-1.4%2.9%21.2%9.8%30.3%
Rank within sector92 / 184145 / 185123 / 185164 / 176107 / 158-
Quartile2nd4th3rd4th3rd
Calendar performance
 YTD - 20172016201520142013
Fund4.2%-4.8%-4.3%9.8%-
Sector3.7%6.4%-6.8%5.5%3.3%
Rank within sector62 / 183167 / 17570 / 16747 / 158-
Quartile2nd4th2nd2nd
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.
-1.36
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
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%.
14.19
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.
5.5
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.
-0.27
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.
0.85
Price movement
52 week high11.87
52 week low9.53
Current bid price-
Current offer price-
Current mid price11.04
Region
1China28.2%
2India25.3%
3Korea15%
4Hong Kong8.2%
5Indonesia5.7%
6Philippines4.9%
7Singapore3.8%
8Taiwan2.5%
9Thailand2.4%
Industry sector
1Information Technology22%
2Financials19.3%
3Consumer Discretionary18.5%
4Consumer Staples8.7%
5Health Care8.7%
6Materials8.5%
7Industrials4.5%
8Telecommunications Utilities3.1%
9Energy3%
Asset type
1Chinese Equities28.2%
2Indian Equities25.3%
3South Korean Equities15%
4Hong Kong Equities8.2%
5Indonesian Equities5.7%
6Philippine Equities4.9%
7Singapore Equities3.8%
8Taiwanese Equities2.5%
9Thai Equities2.4%
Individual holdings
1TENCENT HLDGS LTD5.5%
2ALIBABA GROUP HLDG LTD4.2%
3PING AN INSURANCE(GR)CO OF CHINA4%
4SAMSUNG ELECTRONICS CO4%
5JD.COM INC2.7%
6TATA MOTORS LTD2.7%
7TATA MOTORS LTD2.7%
8CTRIP COM INTERNATIONAL2.6%
9MARUTI SUZUKI INDIA LTD2.6%
Management
Fund manager group
Mirae Asset Global Investments
Fund manager company
Mirae Asset Global Investments
Fund type
Offshore Fund
Fund objective
The primary objective of Mirae Asset Asia Sector Leader Equity Fund is to achieve long term growth in the share price through capital appreciation of the underlying equity portfolio. The Principal Investment Manager will seek to achieve the objective of the Sub-Fund by investing mainly in equities and equity related securities of sector leading companies domiciled in or exercising a large portion of their economic activity in countries of Asia (ex. Japan), including Korea, Taiwan, China, Hong Kong, Singapore, India, Malaysia, Indonesia, Thailand and Philippines but additional opportunities are also sought, whenever regulations permit, in any of the emerging market in Asia.
Benchmark
  • MSCI AC Asia ex Japan
Investment style
Growth
Investment method
Shares
Fund manager
NameSinceBiography
Rahul Chadha30/04/2014As Co-Chief Investment Officer at Mirae Asset Global Investments (HK) Limited, Rahul helps oversee the firm’s Investment Unit. He is a member of the Investment Committee and plays a key role in the development of internal investment policies, processes and key investment decisions for the firm. Furthermore, Rahul manages a number of the firm’s Asia Pacific equity and India equity portfolios, and frequently interacts with portfolio companies and investors to communicate Mirae Asset’s investment philosophy and views on Asian markets. Rahul joined Mirae Asset as a Research Analyst in April 2006. Subsequently, he was promoted to Portfolio Manager to manage the firm’s India equity funds. In 2010 he began managing Asia Pacific products for Mirae Asset’s US & Luxembourg domiciled funds. Rahul began his career in financial services in 1999 as an Analyst with Dundee Mutual Funds covering India equities. He joined Aviva Life Insurance as a Senior Equity Analyst in 2003. During his time with Aviva, the unit-linked portfolios consistently outperformed the benchmark and peers. He later worked for Standard Chartered Mutual Funds as a Senior Equity Analyst before joining Mirae Asset. Rahul holds a degree in Master of Finance and Control, a postgraduate program with specialization in Finance and a Bachelor of Business Studies, an undergraduate management program with Marketing specialization, both from the University of Delhi. He speaks English and Hindi.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, IA Recognised, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Switzerland, Germany, Finland, United Kingdom, Hong Kong, Republic Of Korea, Luxembourg, Netherlands, Offshore, Singapore, Sweden
Mirae Asset Asia Sector Leader Equity A
Initial charge5.25%
Annual charge1.5%
Min single investment£2,500
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price11.04
CurrencyUSD
Price updated16/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF8LK
Mirae Asset Asia Sector Leader Equity I
Initial charge1%
Annual charge1%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price11.27
CurrencyUSD
Price updated16/01/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF8LL
Mirae Asset Asia Sector Leader Equity J JPY
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 price133.108
CurrencyJPY
Price updated16/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJT4W
Mirae Asset Asia Sector Leader Equity K
Initial charge-
Annual charge0.65%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.21%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price14.8
CurrencyUSD
Price updated16/01/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeGVPF
Mirae Asset Asia Sector Leader Equity R Acc
Initial charge-
Annual charge0.75%
Min single investment£1,250
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price7.97
CurrencyGBP
Price updated16/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeM2RP
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