Fact sheet: OMW InvescoPerpetualHK&China

Fund information
Fund name
OMW Invesco Perpetual HK & China Pn
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund managers
  • Mike Shiaosince 01/06/2012
  • Lorraine Kuosince 01/06/2012
Underlying fund
Invesco Perp Hong Kong&China
Fund objective
The OMW Invesco Perpetual Hong Kong & China fund invests solely in the Invesco Perpetual Hong Kong & China fund, a sub fund of the Invesco Perpetual Far Eastern Investment Series, a UK authorised Investment Company with Variables Capital (ICVC), managed by Invesco Fund Managers Limited. The underlying fund seeks to achieve capital growth through a portfolio of investments with an exposure to the economies of Hong Kong and China. Exposure to China will be largely obtained through indirect investment in securities traded on other markets. Investments in emerging markets tend to be volatile and are usually considered to carry a greater degree of risk than investments in established markets. This relates to dealing, settlement and custody practices, the possibility of political or economic instability, and developing legal, fiscal and regulatory structures. The underlying fund invests into a relatively small number of assets, or into individual countries or a specific market sector. Such concentrated portfolios give rise to more risk than where investments are spread across a larger number of assets, countries or market sectors. The underlying fund may be denominated in or hold assets in a currency other than Sterling. The performance of the fund may therefore rise and fall as a result of exchange rate fluctuations. The underlying fund invests in bonds or money market instruments (including deposits with banks or other financial institutions). The yield and/or value of the fund will fluctuate as interest rates change. There is a possibility of default, reducing capital values. Some of the investments in the underlying fund can be difficult to sell at times, which could affect the price of units. It should be noted that the performance of the OMW fund will not match that of the underlying investment due to OMW fund charges, appropriate taxation adjustment and the OMW investment process.
Benchmark
  • No Specified Index
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
30.4%
1 Year rank in sector
222/260
Sector
PN Global Emerging Markets
Yield
-
Fund size
£16m (£14m 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.
127
Bid price
4252.7
Offer price
4476.5
Top in this sector
Fund name1 Year
OMW IPL IFDSHdsnRwFTSERAFIEMPn52.9%
AXA Wealth Aber LatAm Eq Pn50.1%
LV= Jupiter India Pn49.4%
OMW Jupiter India48.6%
FL Jupiter India EP48.2%
...more in PN Global Emerging Markets

Performance snapshot

Holdings snapshot

  • Hong Kong52.5%
    China45.3%
    Money Market2.2%
  • Information Technology27.4%
    Consumer Discretionary27.1%
    Consumer Staples16.2%
    Telecommunications Utilities10.5%
    Industrials7.2%
  • Hong Kong Equities52.5%
    Chinese Equities45.3%
    Money Market2.2%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund3.8%10%5.4%30.4%48.3%94.2%
Sector1.8%11.6%9.7%34.3%41.8%33.3%
Rank within sector20 / 268231 / 268250 / 264222 / 26056 / 22010 / 186
Quartile1st4th4th4th2nd1st
Calendar performance
 YTD - 20172016201520142013
Fund9.1%16.4%4%5.2%25.8%
Sector9.3%31.9%-8.5%3%-3.4%
Rank within sector187 / 268244 / 25817 / 24668 / 2192 / 201
Quartile3rd4th1st2nd1st
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.
0.97
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.
1.01
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.
0.47
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%.
18.92
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.
10.26
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.
0.05
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.
0.7
Price movement
52 week high4340.6
52 week low3151.3
Current bid price4252.7
Current offer price4476.5
Current mid price-
Region
1Hong Kong52.51%
2China45.28%
3Money Market2.21%
Industry sector
1Information Technology27.43%
2Consumer Discretionary27.05%
3Consumer Staples16.22%
4Telecommunications Utilities10.49%
5Industrials7.19%
6Financials3.45%
7Health Care2.45%
8Money Market2.21%
9Utilities1.85%
Asset type
1Hong Kong Equities52.51%
2Chinese Equities45.28%
3Money Market2.21%
Individual holdings
1ALIBABA GROUP HLDG LTD9.99%
2TENCENT HLDGS LIMITED9.71%
3CHINA MOBILE LTD8.38%
4BAIDU INC6.23%
5CTRIP COM INTERNATIONAL4.46%
6HENGAN INTL GROUP CO LTD4.14%
7NEW ORIENTAL EDUCATION & TECHNOLOGY4.07%
8SUN ART RETAIL GROUP LIMITED3.59%
9ZHUZHOU CRRC TIMES ELECTRIC CO LTD3.35%
Management
Fund manager group
Skandia
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund objective
The OMW Invesco Perpetual Hong Kong & China fund invests solely in the Invesco Perpetual Hong Kong & China fund, a sub fund of the Invesco Perpetual Far Eastern Investment Series, a UK authorised Investment Company with Variables Capital (ICVC), managed by Invesco Fund Managers Limited. The underlying fund seeks to achieve capital growth through a portfolio of investments with an exposure to the economies of Hong Kong and China. Exposure to China will be largely obtained through indirect investment in securities traded on other markets. Investments in emerging markets tend to be volatile and are usually considered to carry a greater degree of risk than investments in established markets. This relates to dealing, settlement and custody practices, the possibility of political or economic instability, and developing legal, fiscal and regulatory structures. The underlying fund invests into a relatively small number of assets, or into individual countries or a specific market sector. Such concentrated portfolios give rise to more risk than where investments are spread across a larger number of assets, countries or market sectors. The underlying fund may be denominated in or hold assets in a currency other than Sterling. The performance of the fund may therefore rise and fall as a result of exchange rate fluctuations. The underlying fund invests in bonds or money market instruments (including deposits with banks or other financial institutions). The yield and/or value of the fund will fluctuate as interest rates change. There is a possibility of default, reducing capital values. Some of the investments in the underlying fund can be difficult to sell at times, which could affect the price of units. It should be noted that the performance of the OMW fund will not match that of the underlying investment due to OMW fund charges, appropriate taxation adjustment and the OMW investment process.
Benchmark
  • No Specified Index
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Mike Shiao01/06/2012Mike Shiao has 25 years of investment experience. He joined Invesco in 2002. In April 2015, he became Chief Investment Officer, Greater China, leading the Greater China equities team. Mike was appointed as Chief Investment Officer, Asia ex Japan, in April 2016. He was previously Head of Equities for Invesco Taiwan Ltd. He moved to Invesco Hong Kong Ltd to expand his coverage to Greater China markets in 2006. Mike started his investment career in 1992 at Grand Regent Investment Ltd., where he worked for six years as a project manager supervising venture capital investments in Taiwan and China. In 1997, he joined Overseas Credit and Securities Inc. as a senior analyst covering Taiwan technology sector. Mike also worked at Taiwan International Investment Management Co., as a fund manager and was responsible for technology sector research. Mike holds a Bachelor’s degree from National Chung Hsing University, Taiwan and a Master of Science degree in Finance from Drexel University, Philadelphia.
Lorraine Kuo01/06/2012Lorraine Kuo joined Invesco in September 2011 as a fund manager. She is responsible for stock research and analysis in the Greater China markets. Previously, Lorraine spent six years as a sell-side analyst in Deutsche Bank, covering chemical and cement sectors in Taiwan from 2004 to 2008 and the technology sector in China during 2010-2011. Lorraine was an investment analyst with Manulife Asset Management (HK) Ltd between 2008 and 2010 where she was responsible for stock research and recommendations for the Taiwanese and Korean markets. She also had experience in the banking industry and worked as a credit analyst at Credit Lyonnais Taipei for two years.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
OMW Invesco Perpetual HK & China Pn
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.27%
Bid price4252.7
Offer price4476.5
Mid price-
CurrencyGBX
Price updated27/03/2017
Type-
Institutional or retail classRetail
Domicile-
Citi codeKS74
OMW Invesco Perpetual HK & China SP
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.27%
Bid price-
Offer price-
Mid price5619.9
CurrencyGBX
Price updated27/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeZK76
Data provided by

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