Fact sheet: Mirae Asset AsiaGreatCoEq

Fund information
Fund name
Mirae Asset Asia Great Consumer Equity A Non Distributing USD
Fund manager company
Mirae Asset Global Investments
Fund type
Offshore Fund
Fund manager
  • Joohee Ansince 01/10/2011
Fund objective
The primary objective of the sub-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 Asian companies which are expected to benefit from growing consumption activities in the Asian region, excluding Japan. “Asian companies” shall mean companies domiciled or exercising a large portion of their economic activity in the Asia ex Japan region, or companies listed on the stock exchanges of these markets.
Benchmark
  • MSCI AC Asia ex Japan
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
9.3%
1 Year rank in sector
163/171
Sector
FO Equity - Asia Pacific ex Japan
Yield
-
Fund size
£738m (£733m 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.
114
Top in this sector
Fund name1 Year
TT International Asia Pac Eq50.8%
Fidelity Asn Spec Sits45%
Matthews Asia Pacific Tiger44.4%
Veritas Asian44.3%
Hermes AsexJap Eq44.2%
...more in FO Equity - Asia Pacific ex Japan

Performance snapshot

Holdings snapshot

  • China39.7%
    India19.1%
    Korea9.5%
    Indonesia7.2%
    Thailand5.5%
  • Health Care24.5%
    Consumer Staples21.7%
    Information Technology19%
    Consumer Discretionary16.4%
    Financials9.1%
  • Chinese Equities39.7%
    Indian Equities19.1%
    South Korean Equities9.5%
    Indonesian Equities7.2%
    Thai Equities5.5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund2.5%12.4%10.3%9.3%18.1%57.6%
Sector2.1%12%13.3%17.2%12.6%43.2%
Rank within sector79 / 17969 / 179133 / 178163 / 17159 / 15138 / 118
Quartile2nd2nd3rd4th2nd2nd
Calendar performance
 YTD - 20162015201420132012
Fund4.1%-3.3%18.2%6.3%27.3%
Sector13.1%-6.8%5.5%3.3%19.7%
Rank within sector168 / 17461 / 16613 / 15650 / 14214 / 122
Quartile4th2nd1st2nd1st
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.
2.37
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.
0.97
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.
0.3
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%.
14.42
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.
6.41
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.
0.31
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.
0.81
Price movement
52 week high13.22
52 week low10.96
Current bid price-
Current offer price-
Current mid price13.22
Region
1China39.7%
2India19.1%
3Korea9.5%
4Indonesia7.2%
5Thailand5.5%
6Money Market4.7%
7Philippines4.7%
8Hong Kong4.5%
9Taiwan3.2%
Industry sector
1Health Care24.5%
2Consumer Staples21.7%
3Information Technology19%
4Consumer Discretionary16.4%
5Financials9.1%
6Money Market4.7%
7Industrials3%
8Materials1.6%
Asset type
1Chinese Equities39.7%
2Indian Equities19.1%
3South Korean Equities9.5%
4Indonesian Equities7.2%
5Thai Equities5.5%
6Money Market4.7%
7Philippine Equities4.7%
8Hong Kong Equities4.5%
9Taiwanese Equities3.2%
Individual holdings
1TENCENT HLDGS LTD9.4%
2ALIBABA GROUP HLDG LTD5.2%
3CTRIP COM INTERNATIONAL4.8%
4UNIVERSAL ROBINA CORP4.7%
5KALBE FARMA4.6%
6PING AN INSURANCE(GR)CO OF CHINA4.6%
7AIA GROUP LTD4.5%
8AMOREPACIFIC GROUP INC4.5%
9APOLLO HOSPITALS ENTERPRISE4.1%
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 the sub-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 Asian companies which are expected to benefit from growing consumption activities in the Asian region, excluding Japan. “Asian companies” shall mean companies domiciled or exercising a large portion of their economic activity in the Asia ex Japan region, or companies listed on the stock exchanges of these markets.
Benchmark
  • MSCI AC Asia ex Japan
Investment style
Growth
Investment method
Shares
Fund manager
NameSinceBiography
Joohee An01/10/2011Joohee An is a senior portfolio manager at Mirae Asset Global Investments (Hong Kong) Limited, where she manages investments in the Asia Pacific regional consumer sector, including the ‘Great Consumer’ range of products. Joohee joined the Mirae Asset Global Investments Group in 2006 in Korea, where she was an analyst covering the consumer, healthcare, telecoms and energy sectors at Mirae Asset Global Investments Co., Ltd. She was promoted to portfolio manager shortly after. In 2009 she was transferred to Mirae Asset Global Investments (Hong Kong) Limited to work as a portfolio manager covering regional stocks with a focus on the consumer and consumer-related sectors. She started her career at LG Securities in Seoul, Korea, where she worked from 2004 to 2006. Joohee holds a BA in Business Administration from Yonsei University, Seoul. She is a native Korean speaker and is fluent in English.
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 Great Consumer Equity A EUR
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 price11.02
CurrencyEUR
Price updated23/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeIAKF
Mirae Asset Asia Great Consumer 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)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price13.22
CurrencyUSD
Price updated23/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code04TJ
Mirae Asset Asia Great Consumer Equity I USD
Initial charge1%
Annual charge1%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.6%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price13.6
CurrencyUSD
Price updated23/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code04TK
Mirae Asset Asia Great Consumer Equity K USD
Initial charge-
Annual charge0.65%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.11%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price14.23
CurrencyUSD
Price updated23/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code05ZW
Mirae Asset Asia Great Consumer 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 price7.69
CurrencyGBP
Price updated23/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeM2RQ
Mirae Asset Asia Great Consumer Equity X USD
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 price11.47
CurrencyUSD
Price updated23/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE7VK
Data provided by

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