Fact sheet: Nordea 1 Chinese Equity

Fund information
Fund name
Nordea 1 Chinese Equity BP USD
Fund manager company
Nordea
Fund type
Offshore Fund
Fund managers
  • Jorry Rask Nøddekærsince 29/11/2013
Fund objective
This Sub-fund aims to achieve long-term capital growth by investing in Chinese stocks (PRC, Hong Kong and Taiwan). The Sub-fund is managed in accordance with the International Focus Equities Concept, an investment process which focuses on in-depth analysis of company fundamentals when selecting an investment target. The process seeks to identify attractively valued equities of companies with strong fundamentals. The process focuses on equities which, in the portfolio manager's view, are undervalued in relation to the company´s ability to generate cash flow over the long term.
Benchmark
  • MSCI Golden Dragon
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
13.8%
1 Year rank in sector
18/38
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.
2.19%
Fund size
£218m (£198m 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.
130
Top in this sector
Fund name1 Year
Templeton China36.1%
Fidelity China Focus36.1%
Old Mutual China Eq33.3%
GS China Opp Eq Prtflio30.9%
Pictet Greater China30.2%
...more in FO Equity - Greater China

Performance snapshot

Holdings snapshot

  • China54.3%
    Taiwan23.8%
    Hong Kong12.1%
    Money Market4.5%
    Luxembourg3.4%
  • Information Technology36.6%
    Financials24%
    Consumer Discretionary8.9%
    Industrials6.9%
    Telecommunications Utilities6%
  • Chinese Equities56.1%
    Taiwanese Equities22.4%
    Hong Kong Equities16.7%
    Luxembourg Equities3.3%
    Money Market1.6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund4.2%16.2%15.7%13.8%--
Sector3.9%16.5%15.5%12.7%13.7%44.4%
Rank within sector18 / 4021 / 4025 / 4018 / 38--
Quartile2nd3rd3rd2nd
Calendar performance
 YTD - 20162015201420132012
Fund11.7%-4.6%4.1%--
Sector9%-5%4.6%10.7%16.3%
Rank within sector14 / 4019 / 3617 / 35--
Quartile2nd3rd2nd
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.
-
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.
-
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.
-
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%.
-
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.
-
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.
-
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.
-
Price movement
52 week high111.27
52 week low83.59
Current bid price-
Current offer price-
Current mid price110.96
Region
1China54.26%
2Taiwan23.75%
3Hong Kong12.08%
4Money Market4.47%
5Luxembourg3.38%
6USA2.06%
Industry sector
1Information Technology36.62%
2Financials23.97%
3Consumer Discretionary8.86%
4Industrials6.87%
5Telecommunications Utilities6.04%
6Health Care5.25%
7Money Market4.47%
8Others3.38%
9Energy1.26%
Asset type
1Chinese Equities56.08%
2Taiwanese Equities22.37%
3Hong Kong Equities16.7%
4Luxembourg Equities3.26%
5Money Market1.59%
Individual holdings
1TENCENT HLDGS LTD9.68%
2TAIWAN SEMICONDUCTOR MANUFACTURING9.44%
3AIA GROUP LTD6.96%
4CHINA MOBILE LTD6.04%
5ALIBABA GROUP HLDG LTD5.37%
6PING AN INSURANCE(GR)CO OF CHINA3.64%
7Nordea ML - China A-Shares Fund II Y-USD3.38%
8SINOPHARM GROUP CO LTD2.9%
9CHINA CONSTRUCTION BANK2.85%
Management
Fund manager group
Nordea
Fund manager company
Nordea
Fund type
Offshore Fund
Fund objective
This Sub-fund aims to achieve long-term capital growth by investing in Chinese stocks (PRC, Hong Kong and Taiwan). The Sub-fund is managed in accordance with the International Focus Equities Concept, an investment process which focuses on in-depth analysis of company fundamentals when selecting an investment target. The process seeks to identify attractively valued equities of companies with strong fundamentals. The process focuses on equities which, in the portfolio manager's view, are undervalued in relation to the company´s ability to generate cash flow over the long term.
Benchmark
  • MSCI Golden Dragon
Investment style
Growth
Investment method
Shares
Fund managers
NameSinceBiography
Jorry Rask Nøddekær29/11/2013
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Transparent for German Tax, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Switzerland, Chile, Germany, Denmark, Spain, Estonia, Finland, France, United Kingdom, Italy, Lithuania, Luxembourg, Latvia, Netherlands, Norway, Offshore, Portugal, Singapore, Sweden
Nordea 1 Chinese Equity BI EUR
Initial charge5%
Annual charge1%
Min single investment£75,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.26%
Total expense ratio (TER)1.24%
Bid price-
Offer price-
Mid price101.31
CurrencyEUR
Price updated22/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFFBM
Nordea 1 Chinese Equity BI USD
Initial charge5%
Annual charge1%
Min single investment£75,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.26%
Total expense ratio (TER)1.24%
Bid price-
Offer price-
Mid price113.83
CurrencyUSD
Price updated22/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFFBN
Nordea 1 Chinese Equity BP EUR
Initial charge5%
Annual charge1.8%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.19%
Total expense ratio (TER)2.17%
Bid price-
Offer price-
Mid price98.75
CurrencyEUR
Price updated22/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFFBO
Nordea 1 Chinese Equity BP USD
Initial charge5%
Annual charge1.8%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.19%
Total expense ratio (TER)2.17%
Bid price-
Offer price-
Mid price110.96
CurrencyUSD
Price updated22/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFFBP
Nordea 1 Chinese Equity E EUR
Initial charge5%
Annual charge1.8%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.94%
Total expense ratio (TER)2.92%
Bid price-
Offer price-
Mid price96.69
CurrencyEUR
Price updated22/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFFBK
Nordea 1 Chinese Equity E USD
Initial charge5%
Annual charge1.8%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.94%
Total expense ratio (TER)2.92%
Bid price-
Offer price-
Mid price108.64
CurrencyUSD
Price updated22/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFFBL
Data provided by

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