Fact sheet: PXP Vietnam Emerging Equity

Fund information
Fund name
PXP Vietnam Emerging Equity A
Fund manager company
PXP Asset Management
Fund type
OEIC
Fund manager
  • Kevin Snowballsince 03/11/2005
Fund objective
The investment objective of the Company is to seek long-term capital appreciation of its assets by investing in a portfolio of the equity securities of companies with a significant presence in Vietnam.
Benchmark
  • Viet Nam Index (VNI)
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
17.4%
1 Year rank in sector
16/31
Sector
FO Equity - Asia Pacific Single Country
Yield
-
Fund size
£129m (£116m 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.
118
Top in this sector
Fund name1 Year
First State Hong Kong Gth25.3%
Dragon Vietnam Equity UCITS23.8%
Templeton Thailand22.9%
Schroder ISF Taiwan Eq22.4%
Fidelity Taiwan22.1%
...more in FO Equity - Asia Pacific Single Country

Performance snapshot

Holdings snapshot

  • Asia Pacific98.6%
    Money Market1.4%
  • Consumer Staples26.3%
    Financials21.5%
    Industrials16.4%
    Materials14.2%
    Information Technology7.8%
  • Asia Pacific ex Japan Equities98.6%
    Money Market1.4%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-3.8%-4.5%17.4%22.7%87.8%
Sector2.5%10.2%2.5%14.2%9.3%22%
Rank within sector-30 / 3128 / 3116 / 318 / 301 / 29
Quartile4th4th3rd2nd1st
Calendar performance
 YTD - 20172016201520142013
Fund4.5%11.6%7.3%12.7%30.6%
Sector9.2%7.7%-11.1%7.7%0.8%
Rank within sector29 / 3115 / 312 / 3112 / 301 / 29
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.
6.01
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.
0.52
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.
0.27
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%.
13.3
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.
13.19
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.
0.24
Price movement
52 week high7.97
52 week low6.49
Current bid price-
Current offer price-
Current mid price7.62
Region
1Asia Pacific98.6%
2Money Market1.4%
Industry sector
1Consumer Staples26.34%
2Financials21.49%
3Industrials16.37%
4Materials14.2%
5Information Technology7.79%
6Consumer Discretionary6.21%
7Property3.25%
8Energy2.46%
9Money Market1.4%
Asset type
1Asia Pacific ex Japan Equities98.6%
2Money Market1.4%
Individual holdings
1VINAMILK26.1%
2HOAPHATGROUP (HPG)9.9%
3HCMC SECURITIES9.8%
4FPT CORP7.9%
5COTECCONS(CTD)6.7%
6DANANG RUBBER 5.1%
7REE CORPORATION4.6%
8VN CONTAINER SHIPPING (VSC)3.9%
9SACOMBANK (STB)2.7%
Management
Fund manager group
No data available.
Fund manager company
PXP Asset Management
Fund type
OEIC
Fund objective
The investment objective of the Company is to seek long-term capital appreciation of its assets by investing in a portfolio of the equity securities of companies with a significant presence in Vietnam.
Benchmark
  • Viet Nam Index (VNI)
Investment style
Growth
Investment method
Shares
Fund manager
NameSinceBiography
Kevin Snowball03/11/2005Mr. Kevin Snowball is the Chief Executive Officer and Chief Investment Officer at PXP Vietnam Asset Management Limited, and was previously a Portfolio Manager. Mr. Snowball co-founded the firm in 2002 and is responsible for investment policy and strategy and managing the funds. Previously, he established the global emerging markets and Japan investment company activity at ABN Amro. Prior to that, Mr. Snowball was employed at Bear Stearns International, where he traded closed-end funds in global emerging markets. Prior to that, he joined Dresdner Kleinwort Benson in 1995, where he was involved in Latin American and South East Asian sales trading. Previously, from 1985 to 1995, Mr. Snowball worked as an investment analyst, specialist manager, and trader of proprietary funds in emerging equity and equity derivatives markets in South East Asia. He also established the Hong Kong equity derivatives business at Baring Securities and Deutsche Morgan Grenfell. Mr. Snowball has extensive investment experience. He is a Member of the Market Development Advisory Board of the Ho Chi Minh City Stock Exchange. Mr. Snowball has earned an LL.B. degree from the School of Oriental and African Studies at University of London in 1982.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
Cayman Islands, United Kingdom, Offshore, Singapore, United States
PXP Vietnam Emerging Equity A
Initial charge-
Annual charge1.5%
Min single investment£250,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price7.619
CurrencyUSD
Price updated28/02/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeDMF9
Data provided by

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