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
19.1%
1 Year rank in sector
125/176
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
£26m (£27m 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
Old Mutual AnEqIn59.2%
Old Mutual Pac Eq58.9%
Old Mutual AnEqIn58.9%
TT International Asia Pac Eq53.5%
Templeton Asian Gth52.7%
...more in FO Equity - Asia Pacific ex Japan

Performance snapshot

Holdings snapshot

  • China23.2%
    India23.2%
    Korea18.3%
    Hong Kong9.8%
    Australia6.3%
  • Financials22.1%
    Information Technology21.7%
    Consumer Discretionary18.7%
    Health Care9.8%
    Materials9.5%
  • Chinese Equities23.2%
    Indian Equities23.2%
    South Korean Equities18.3%
    Hong Kong Equities9.8%
    Australian Equities6.3%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund5.3%8.3%2.5%19.1%12.9%37%
Sector5.2%8.2%4.9%25.2%15.9%24.6%
Rank within sector77 / 18383 / 183122 / 183125 / 17686 / 15642 / 123
Quartile2nd2nd3rd3rd3rd2nd
Calendar performance
 YTD - 20172016201520142013
Fund10.6%-3%-4%9.7%11.2%
Sector9.2%6.4%-6.8%5.5%3.3%
Rank within sector48 / 183161 / 17368 / 16547 / 15522 / 141
Quartile2nd4th2nd2nd1st
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.
-0.63
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.
1.03
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.
0.04
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%.
14.35
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.
4.78
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.
-0.13
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.
0.89
Price movement
52 week high15.92
52 week low13.02
Current bid price-
Current offer price-
Current mid price15.77
Region
1China23.2%
2India23.2%
3Korea18.3%
4Hong Kong9.8%
5Australia6.3%
6Indonesia4.8%
7Philippines3.4%
8Singapore3.3%
9Taiwan2.4%
Industry sector
1Financials22.1%
2Information Technology21.7%
3Consumer Discretionary18.7%
4Health Care9.8%
5Materials9.5%
6Consumer Staples5.3%
7Energy3.8%
8Industrials3.3%
9Telecommunications Utilities2.8%
Asset type
1Chinese Equities23.2%
2Indian Equities23.2%
3South Korean Equities18.3%
4Hong Kong Equities9.8%
5Australian Equities6.3%
6Indonesian Equities4.8%
7Philippine Equities3.4%
8Singapore Equities3.3%
9Taiwanese Equities2.4%
Individual holdings
1TENCENT HLDGS LTD5.7%
2SAMSUNG ELECTRONICS CO4.6%
3GALAXY ENTERTAINMENT GROUP3.7%
4PING AN INSURANCE(GR)CO OF CHINA3.7%
5ALIBABA GROUP HLDG LTD3.3%
6TATA MOTORS LTD2.7%
7TATA MOTORS LTD2.7%
8AIA GROUP LTD2.6%
9JD.COM2.4%
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) 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, 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 price13.77
CurrencyEUR
Price updated23/02/2017
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 price15.77
CurrencyUSD
Price updated23/02/2017
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 price12.19
CurrencyGBP
Price updated23/02/2017
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 price16.96
CurrencyUSD
Price updated23/02/2017
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 price12.89
CurrencyUSD
Price updated23/02/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code042K
Data provided by

The Content is only for your general information and use and is not intended to address your particular requirements. The Content does not constitute any form of advice, recommendation or arrangement by Moneywise and is not intended to be relied upon by you in making (or refraining from making) any specific investment or other decisions. Appropriate independent advice should be obtained before making any such decision.

This information is sourced from our partner Financial Express. We believe the data to be correct however you should take care in using any information.

You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.