Fact sheet: Mirae Asset Asia PacfcEq

Fund information
Fund name
Mirae Asset Asia Pacific Equity A Non Distributing USD
Fund manager company
Mirae Asset Global Investments
Fund type
Offshore Fund
Fund manager
  • Rahul Chadhasince 01/12/2011
Fund objective
The primary objective of Mirae Asset Asia Pacific 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 companies domiciled in or exercising a large portion of their economic activity in countries of Asia Pacific developed countries (such as Australia, New Zealand, Hong Kong, and Singapore excluding Japan) and Asia Pacific emerging countries (such as Korea, Taiwan, China, 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 Pac ex Jap
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
-1.4%
1 Year rank in sector
160/175
Sector
FO Equity - Asia Pacific ex 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.
1.72%
Fund size
£27m (£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.
120
Top in this sector
Fund name1 Year
Templeton Asian Gth37.2%
TT International Asia Pac Eq34.3%
Old Mutual AnEqIn32.5%
Old Mutual Pac Eq31.4%
Old Mutual AnEqIn31.2%
...more in FO Equity - Asia Pacific ex Japan

Performance snapshot

Holdings snapshot

  • China28.2%
    India24.3%
    Korea13.6%
    Hong Kong8.2%
    Australia6.3%
  • Information Technology21.2%
    Financials18%
    Consumer Discretionary14.7%
    Health Care14%
    Consumer Staples7.6%
  • Chinese Equities28.2%
    Indian Equities24.3%
    South Korean Equities13.6%
    Hong Kong Equities8.2%
    Australian Equities6.3%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-3.2%-7.7%1.4%-1.4%4.6%34.8%
Sector-2%-4.2%6.6%6.3%5.2%24.5%
Rank within sector122 / 184153 / 184147 / 183160 / 17581 / 15341 / 121
Quartile3rd4th4th4th3rd2nd
Calendar performance
 YTD - 20162015201420132012
Fund-1.8%-4%9.7%11.2%23.3%
Sector6.9%-6.8%5.5%3.3%19.7%
Rank within sector164 / 17567 / 16747 / 15621 / 14138 / 120
Quartile4th2nd2nd1st2nd
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.
0.27
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%.
13.87
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.
4.68
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.
0.03
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.
0.88
Price movement
52 week high15.92
52 week low12.7
Current bid price-
Current offer price-
Current mid price14.44
Region
1China28.2%
2India24.3%
3Korea13.6%
4Hong Kong8.2%
5Australia6.3%
6Indonesia5.8%
7Philippines4.8%
8Taiwan2.7%
9Singapore1.7%
Industry sector
1Information Technology21.2%
2Financials18%
3Consumer Discretionary14.7%
4Health Care14%
5Consumer Staples7.6%
6Industrials6.7%
7Materials5%
8Telecommunications Utilities4.9%
9Others4.75%
Asset type
1Chinese Equities28.2%
2Indian Equities24.3%
3South Korean Equities13.6%
4Hong Kong Equities8.2%
5Australian Equities6.3%
6Indonesian Equities5.8%
7Philippine Equities4.8%
8Taiwanese Equities2.7%
9Singapore Equities1.7%
Individual holdings
1TENCENT HLDGS LTD5.5%
2SAMSUNG ELECTRONICS CO4.8%
3AIA GROUP LTD3.8%
4PING AN INSURANCE(GR)CO OF CHINA3.6%
5ALIBABA GROUP HLDG LTD3.4%
6HDFC BANK LTD3.2%
7HDFC BANK LTD3.2%
8GALAXY ENTERTAINMENT GROUP2.8%
9TAIWAN SEMICONDUCTOR CO2.7%
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 Pacific 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 companies domiciled in or exercising a large portion of their economic activity in countries of Asia Pacific developed countries (such as Australia, New Zealand, Hong Kong, and Singapore excluding Japan) and Asia Pacific emerging countries (such as Korea, Taiwan, China, 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 Pac ex Jap
Investment style
Growth
Investment method
Shares
Fund manager
NameSinceBiography
Rahul Chadha01/12/2011As Co-Chief Investment Officer at Mirae Asset Global Investments (HK), Rahul Chadha helps oversee the entire Investment Unit comprising mainly portfolio managers, research analysts and traders who are responsible for the management of the firm's Asia Pacific investment products. He is a member of the Investment Committee and plays a key role in the development and approval of internal investment policies, processes and key investment decisions for the entire Mirae Asset Global Investments Group. He also sits in the Risk Management Committee which oversees overall investment risks for the firm. Furthermore, Rahul manages many of the firm's Asia Pacific equity portfolios and frequently interacts with portfolio companies and investors to communicate the company's investment philosophy and views on the Asia Pacific markets. He has established strong relationships with industry peers and is also one of the company's main spokespersons for local and international media interviews, including Bloomberg and CNBC. Rahul joined Mirae Asset in 2006, initially working at Mirae Asset Global Investments (Singapore) Pvt. Ltd as an Analyst. He was subsequently promoted to the Portfolio Manager role to manage some of the firm's flagship funds and later became Senior Portfolio Manager in August 2008. In 2011, he diversified into managing Asia Pacific mandates for Mirae Asset's US & Luxembourg domiciled funds. Rahul began his career in financial services in 1999 when he joined Dundee Mutual Funds as an Equity Analyst covering the entire range of listed India equities, leaving in 2003 to join Aviva Life Insurance as a Senior Equity Analyst. During his two-year stint with Aviva, the unit-linked and India portfolios have consistently outperformed the peers in their respective categories. He later joined Standard Chartered Mutual Funds as a Senior Equity Analyst for one year. Rahul holds a degree in Master of Finance and Control, a postgraduate program with specialisation in Finance and a Bachelor of Business Studies, an undergraduate management program with Marketing specialisation, both from the University of Delhi in India. He is fluent in English and Hindi.
Compliance
Transparent for Swiss Tax, 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 Pacific Equity A EUR
Initial charge5.25%
Annual charge1.5%
Min single investment£2,500
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.96%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price12.44
CurrencyEUR
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeIFL0
Mirae Asset Asia Pacific Equity A Non Distributing USD
Initial charge5.25%
Annual charge1.5%
Min single investment£2,500
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.72%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price14.44
CurrencyUSD
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeILS1
Mirae Asset Asia Pacific Equity I EUR
Initial charge1%
Annual charge1%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.29%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price8.29
CurrencyEUR
Price updated23/10/2012
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeIFL2
Mirae Asset Asia Pacific Equity I GBP
Initial charge1%
Annual charge1%
Min single investment£750,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.22%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.92
CurrencyGBP
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeIID5
Mirae Asset Asia Pacific Equity I USD
Initial charge1%
Annual charge1%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.29%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price15.52
CurrencyUSD
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeIFL3
Mirae Asset Asia Pacific Equity K USD
Initial charge-
Annual charge0.65%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.09%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price11.78
CurrencyUSD
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code042K
Data provided by

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