Fact sheet: NB China Equity

Fund information
Fund name
NB China Equity A Acc USD
Fund manager company
Neuberger Berman Europe Ltd
Fund type
No data available.
Fund managers
  • Frank Yaosince 13/07/2009
  • Lihui Tangsince 13/07/2009
Fund objective
To increase the value of your shares through a combination of growth and income by investing in the shares of companies that carry out a majority of their activities in the Greater China region: China, Hong Kong, Macau or Taiwan. The fund will identify opportunities by carrying out intensive research on companies as well as the general economic outlook for the region.
Benchmark
  • MSCI China
Investment style
None
Investment method
Shares
Quick stats
1 Year return
-2.7%
1 Year rank in sector
30/39
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.
2.15%
Fund size
£777m (£792m 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.
143
Top in this sector
Fund name1 Year
Fidelity China Focus26.2%
Old Mutual China Eq24.8%
Templeton China23.9%
Pictet Greater China18.2%
GS China Opp Eq Prtflio13.3%
...more in FO Equity - Greater China

Performance snapshot

Holdings snapshot

  • China96.1%
    Money Market3.9%
  • Information Technology24%
    Financials20.9%
    Consumer Discretionary11.7%
    Industrials11.5%
    Health Care7%
  • Chinese Equities96.1%
    Cash & Cash Equivalents3.9%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund--4.5%8.5%-2.7%20.1%45.9%
Sector-0.9%-3%10.1%1.8%2.2%27%
Rank within sector9 / 4020 / 4026 / 4030 / 393 / 356 / 32
Quartile1st2nd3rd4th1st1st
Calendar performance
 YTD - 20162015201420132012
Fund-0.3%0.7%21.6%4.4%22.5%
Sector3.5%-5%4.6%10.7%16.3%
Rank within sector29 / 408 / 363 / 3528 / 336 / 32
Quartile3rd1st1st4th1st
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.
5.61
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.
1.09
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.
0.16
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%.
20.85
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.
7.66
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.
0.69
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.
0.87
Price movement
52 week high19.15
52 week low14.59
Current bid price-
Current offer price-
Current mid price17.87
Region
1China96.09%
2Money Market3.91%
Industry sector
1Information Technology23.98%
2Financials20.91%
3Consumer Discretionary11.74%
4Industrials11.54%
5Health Care6.98%
6Real Estate5.89%
7Utilities5.41%
8Telecommunications Utilities4.58%
9Money Market3.91%
Asset type
1Chinese Equities96.09%
2Cash & Cash Equivalents3.91%
Individual holdings
1TENCENT HLDGS LTD9.66%
2ALIBABA GROUP HLDG LTD9.19%
3MIDEA GROUP CO LTD6.5%
4INDUSTRIAL & COM BK CHNA5.99%
5BANK OF CHINA LTD5.62%
6CHINA MOBILE LTD4.58%
7CSPC PHARMACEUTICAL GROUP LTD4.18%
8SHANGHAI INTERNATIONAL AIRPORT CO4.17%
9CHINA OVERSEAS LAND & INVESTMNTS3.9%
Management
Fund manager group
Neuberger Berman
Fund manager company
Neuberger Berman Europe Ltd
Fund type
No data available.
Fund objective
To increase the value of your shares through a combination of growth and income by investing in the shares of companies that carry out a majority of their activities in the Greater China region: China, Hong Kong, Macau or Taiwan. The fund will identify opportunities by carrying out intensive research on companies as well as the general economic outlook for the region.
Benchmark
  • MSCI China
Investment style
None
Investment method
Shares
Fund managers
NameSinceBiography
Frank Yao13/07/2009Yulin (Frank) Yao, Vice Chairman of Asia and Senior Portfolio Manager for the Greater China Investment Team, joined the firm in 2008. Frank is based in the Hong Kong office. Previously, he was a managing director and senior portfolio manager at Avenue Capital where he was responsible for directing the investment activities of the Avenue Greater China Equity Funds. From 2004 to 2007, he was an executive vice president and chief investment officer at Hua An Fund Management where he managed a team of over 40 investment professionals with overall responsibility for investment, research and trading for RMB 50 billion (or US$7 billion) assets. Frank also played a leading role, along with Lehman Brothers, in designing, launching and managing the Hua An International Balanced Fund, China’s first QDII investment fund. He helped triple the firm’s assets under management during the period. From 2002 to 2004, Frank worked for Berens Capital, a New York based hedge fund investment firm, where he was responsible for portfolio construction, quantitative analysis and risk management. From 1999 to 2001, Frank developed and managed a quantitative equity portfolio at Alpha Asset Management. From 1996 to 1999, Frank conducted global asset allocation and risk management at Goldman Sachs and from 1993 to 1996 helped build the mortgage backed securities analytics for Dow Jones (formerly Telerate), all in the US. Frank is a member of the Standing Committee of the Chinese People’s Political Consultative Conference (CPPCC) in Shanghai Pudong. He sits on the QDII Expert Committee for China Securities Regulatory Commission (CSRC). He was also a member of the Financial Market Expert Group for PBOC (PRC’s central bank) from 2005 to 2007. Frank received an MBA in Finance in 1998 from the Stern School of Business at New York University, where he was honored as a Stern Scholar. He conducted Ph.D studies in Engineering at Columbia University, earned an MS from Georgia Institute of Technology and a BS from Fudan University.
Lihui Tang13/07/2009Lihui Tang, CFA, Managing Director, joined the firm in 2008. Based in Hong Kong, Lihui is the Portfolio Manager for the Greater China Equity Team. Previously, he was a senior vice president at Avenue Capital, where he was a portfolio manager for the Avenue Greater China Equity Funds team. Prior to that, he was a portfolio manager and deputy head of research at Hua An Fund Management, where he co-managed two active funds with combined assets under management of approximately USD $1 billion. Before joining Hua An, he was a research analyst with SYWG Securities in Shanghai, responsible for the pharmaceutical sector. Prior to that, he was also a research analyst with Da Peng Securities in the real estate and building materials industries. Lihui received a BS in Engineering at Shanghai Jiao Tong University and an MS in Economics from Tongji University. He also has been awarded the Chartered Financial Analyst designation.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, IA Recognised, Reporting Fund Status, UCITS IV Compliant, MAS Unrestricted Scheme
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Germany, Ecuador, Spain, Finland, France, United Kingdom, Hong Kong, Ireland, Italy, Republic Of Korea, Luxembourg, Netherlands, Offshore, Portugal, Singapore, Sweden
NB China Equity A Acc EUR
Initial charge5%
Annual charge1.85%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)2.12%
Bid price-
Offer price-
Mid price17.38
CurrencyEUR
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFUI8
NB China Equity A Acc HKD
Initial charge-
Annual charge-
Min single investment£10,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price8.14
CurrencyHKD
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMGNY
NB China Equity A Acc USD
Initial charge5%
Annual charge1.85%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.15%
Total expense ratio (TER)2.12%
Bid price-
Offer price-
Mid price17.87
CurrencyUSD
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFUI6
NB China Equity A Dis EUR
Initial charge-
Annual charge-
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price9.72
CurrencyEUR
Price updated05/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeM89K
NB China Equity A Dis GBP
Initial charge5%
Annual charge1.85%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)2.12%
Bid price-
Offer price-
Mid price8.26
CurrencyGBP
Price updated05/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeMD9B
NB China Equity A Dis USD
Initial charge5%
Annual charge1.85%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)2.12%
Bid price-
Offer price-
Mid price11.05
CurrencyUSD
Price updated05/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeKTOK
NB China Equity A Hedged Acc SGD
Initial charge5%
Annual charge1.85%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)2.12%
Bid price-
Offer price-
Mid price22.22
CurrencySGD
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeM7ZB
NB China Equity A Unhedged Acc EUR
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 price12.49
CurrencyEUR
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeMYNY
NB China Equity C Acc USD
Initial charge-
Annual charge1.35%
Min single investment£100
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price12.2
CurrencyUSD
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeIB3W
NB China Equity I CHF
Initial charge-
Annual charge1.1%
Min single investment£2,500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.38%
Bid price-
Offer price-
Mid price9.59
CurrencyCHF
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE50N
NB China Equity I Dis GBP
Initial charge-
Annual charge1.1%
Min single investment£2,500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price16.64
CurrencyGBP
Price updated05/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeKNUP
NB China Equity I EUR
Initial charge-
Annual charge1.1%
Min single investment£2,500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.37%
Bid price-
Offer price-
Mid price18.01
CurrencyEUR
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFUI7
NB China Equity I2 Acc USD
Initial charge-
Annual charge1.1%
Min single investment£2,500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price11.34
CurrencyUSD
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKQTT
NB China Equity I2 Dis GBP
Initial charge-
Annual charge1.1%
Min single investment£2,500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price16.67
CurrencyGBP
Price updated05/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeKNUQ
NB China Equity I4 CHF
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 price10.2
CurrencyCHF
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeM7GW
NB China Equity I4 EUR
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 price10.33
CurrencyEUR
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeM7GX
NB China Equity I4 GBP
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 price10.3
CurrencyGBP
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeM7GY
NB China Equity I4 Inc GBP
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 price9.8
CurrencyGBP
Price updated05/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeM89L
NB China Equity I4 Inc 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 price9.87
CurrencyUSD
Price updated05/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeM89M
NB China Equity I4 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 price10.43
CurrencyUSD
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeM7GZ
NB China Equity Inst USD
Initial charge-
Annual charge1.1%
Min single investment£2,500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.37%
Bid price-
Offer price-
Mid price18.59
CurrencyUSD
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFUI5
NB China Equity M Acc EUR
Initial charge-
Annual charge-
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price11.49
CurrencyEUR
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMY9M
NB China Equity M Acc USD
Initial charge2%
Annual charge1.85%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)3.13%
Bid price-
Offer price-
Mid price11.02
CurrencyUSD
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeN7YU
NB China Equity U Acc USD
Initial charge3%
Annual charge1.45%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.72%
Bid price-
Offer price-
Mid price12.18
CurrencyUSD
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKLTF
NB China Equity U Dis GBP
Initial charge-
Annual charge-
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price16.6
CurrencyGBP
Price updated05/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeKNUR
NB China Equity Z Acc EUR
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 price13.01
CurrencyEUR
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKNUO
NB China Equity Z Acc 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 price11.72
CurrencyUSD
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKQTS
Data provided by

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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.