Fact sheet: Mirae Asset ChnSecLedrEq

Fund information
Fund name
Mirae Asset China Sector Leader Equity A Non Distributing USD
Fund manager company
Mirae Asset Global Investments
Fund type
Offshore Fund
Fund manager
  • Byung Ha Kimsince 22/06/2008
Fund objective
The primary objective of Mirae Asset China 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 China (limited to B Shares) and Hong Kong.
Benchmark
  • MSCI China
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
11.8%
1 Year rank in sector
28/38
Sector
FO Equity - Greater China
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.
1.75%
Fund size
£35m (£64m 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.
141
Top in this sector
Fund name1 Year
Templeton China38%
Fidelity China Focus36.4%
Old Mutual China Eq34.1%
GS China Opp Eq Prtflio31.3%
Pictet Greater China31.1%
...more in FO Equity - Greater China

Performance snapshot

Holdings snapshot

  • China91.4%
    Money Market8.6%
  • Information Technology29%
    Financials16.7%
    Consumer Discretionary15%
    Health Care11.3%
    Money Market8.6%
  • Chinese Equities91.4%
    Money Market8.6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund2.2%17.7%13.6%11.8%6.4%28.4%
Sector3.2%16.9%15.5%14.1%12.9%42.7%
Rank within sector31 / 4020 / 4031 / 4028 / 3829 / 3428 / 32
Quartile4th2nd4th3rd4th4th
Calendar performance
 YTD - 20162015201420132012
Fund1.5%-4.9%1.1%8.8%17.3%
Sector7.6%-5%4.6%10.7%16.3%
Rank within sector35 / 4020 / 3627 / 3520 / 3324 / 32
Quartile4th3rd4th3rd3rd
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.
-1.93
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.
1.23
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%.
22.85
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.
6.87
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.
-0.2
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.
0.94
Price movement
52 week high13.34
52 week low9.8
Current bid price-
Current offer price-
Current mid price12.74
Region
1China91.4%
2Money Market8.6%
Industry sector
1Information Technology29%
2Financials16.7%
3Consumer Discretionary15%
4Health Care11.3%
5Money Market8.6%
6Consumer Staples7.3%
7Utilities6.3%
8Industrials5%
9Energy0.8%
Asset type
1Chinese Equities91.4%
2Money Market8.6%
Individual holdings
1TENCENT HLDGS LIMITED9.6%
2PING AN INSURANCE(GR)CO OF CHINA9.3%
3ALIBABA GROUP HLDG LTD7.4%
4XINYI SOLAR HLDGS LTD5.9%
5SUNNY OPTICAL TECHNOLOGY GROUP5%
6CTRIP COM INTERNATIONAL4.9%
7AIA GROUP LTD4.6%
8CHINA RESOURCES GAS GROUP LTD3.9%
9KWEICHOW MOUTAI3.9%
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 China 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 China (limited to B Shares) and Hong Kong.
Benchmark
  • MSCI China
Investment style
Growth
Investment method
Shares
Fund manager
NameSinceBiography
Byung Ha Kim22/06/2008Byung Ha Kim is a Senior Portfolio Manager (Director) in the Asia Pacific Investment Team of Mirae Asset Global Investments (HK). He covers Hong Kong / China equities and is responsible for managing several of Mirae Asset's flagship China equity portfolios. As a specialist in the China region, Byung Ha also provides advice and supports regional Portfolio Managers in managing the China portions of their portfolios. Born in Korea, Byung Ha started his career as an Analyst at Mirae Asset immediately after graduating from Seoul National University in 1999 with a Bachelor of Business Administration degree. Two years later, he became a Portfolio Manager responsible for Korea retail and institutional equity funds. From 2004 to 2005 he served as a Portfolio Manager and Strategist for the Mirae Asset Economic Research Institute. In addition to managing a special investment fund for a Korean bank, he helped lead and manage a team of research analysts for the generation of market analysis and research reports distributed to many companies within the Mirae Asset Financial Group. He moved to Hong Kong in 2005 to take up his current position. As well as being a native Korean speaker, Byung Ha is also fluent in English.
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 China Sector Leader 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 price5.17
CurrencyEUR
Price updated16/02/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMCZG
Mirae Asset China Sector Leader Equity A Non Distributing USD
Initial charge5.25%
Annual charge2%
Min single investment£2,500
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.75%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price12.74
CurrencyUSD
Price updated27/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeILQ6
Mirae Asset China Sector Leader Equity I EUR
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.1%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price7.83
CurrencyEUR
Price updated24/10/2012
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeIFL6
Mirae Asset China Sector Leader Equity I GBP
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.1%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price6.58
CurrencyGBP
Price updated16/02/2012
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeIID6
Mirae Asset China Sector Leader Equity I USD
Initial charge1%
Annual charge1%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.1%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price12.694
CurrencyUSD
Price updated19/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeIFL7
Mirae Asset China Sector Leader Equity K USD
Initial charge-
Annual charge0.65%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.95%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price9.93
CurrencyUSD
Price updated27/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code042L
Mirae Asset China Sector Leader Equity X USD
Initial charge-
Annual charge-
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.28%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.28
CurrencyUSD
Price updated27/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeMVH4
Data provided by

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