Fact sheet: Pictet China Index

Fund information
Fund name
Pictet China Index I GBP
Fund manager company
Pictet Asset Management (Europ
Fund type
Offshore Fund
Fund managers
  • David Billauxsince 01/01/2012
  • Samuel Gorgeratsince 22/09/2011
Fund objective
The aim of this sub-fund is to enable investors to participate in the growth of Chinese markets by replicating the MSCI China Standard index (net div reinvested) movements.
Benchmark
  • MSCI China
Investment style
Passive/Tracking
Investment method
Physical - Full, Shares
Quick stats
1 Year return
32.9%
1 Year rank in sector
1/30
Sector
FO Equity - 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.
0.54%
Fund size
£174m (£140m 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.
151
Top in this sector
Fund name1 Year
Pictet China Index32.9%
Matthews Asia China31.3%
Allianz China Eq30.2%
JGF-Jupiter China Select28%
Aberdeen Gbl Chinese Equity27%
...more in FO Equity - China

Performance snapshot

Holdings snapshot

  • China98.6%
    Hong Kong1.4%
    Money Market0.1%
  • Information Technology30.6%
    Financials30.4%
    Telecommunications Utilities9.3%
    Consumer Discretionary8.2%
    Energy6.7%
  • Chinese Equities98.6%
    Hong Kong Equities1.4%
    Money Market0.1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund7.1%26.9%30.7%32.9%38.7%85.5%
Sector2.4%15.5%14.2%12.1%19.1%52.5%
Rank within sector2 / 311 / 311 / 311 / 303 / 264 / 23
Quartile1st1st1st1st1st1st
Calendar performance
 YTD - 20162015201420132012
Fund27.4%-3.5%14.2%1.5%16.8%
Sector3.1%0.9%8.4%11.5%13.5%
Rank within sector1 / 3117 / 266 / 2621 / 2610 / 23
Quartile1st3rd1st4th2nd
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.
4.27
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.
0.86
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.
0.35
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%.
19.87
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.
9.72
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.
0.32
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.
0.78
Price movement
52 week high89.5
52 week low58.23
Current bid price-
Current offer price-
Current mid price89.5
Region
1China98.55%
2Hong Kong1.37%
3Money Market0.08%
Industry sector
1Information Technology30.55%
2Financials30.44%
3Telecommunications Utilities9.32%
4Consumer Discretionary8.23%
5Energy6.68%
6Industrials6.08%
7Utilities3.08%
8Consumer Staples2.31%
9Health Care1.98%
Asset type
1Chinese Equities98.55%
2Hong Kong Equities1.37%
3Money Market0.08%
Individual holdings
1TENCENT HLDGS LIMITED13.66%
2ALIBABA GROUP HLDG LTD8.22%
3CHINA MOBILE LTD7.63%
4CHINA CONSTRUCTION BANK5.68%
5BAIDU INC4.36%
6INDUSTRIAL & COM BK CHNA4.2%
7BANK OF CHINA LTD3.28%
8PING AN INSURANCE(GR)CO OF CHINA2.44%
9CNOOC2.15%
Management
Fund manager group
Pictet
Fund manager company
Pictet Asset Management (Europ
Fund type
Offshore Fund
Fund objective
The aim of this sub-fund is to enable investors to participate in the growth of Chinese markets by replicating the MSCI China Standard index (net div reinvested) movements.
Benchmark
  • MSCI China
Investment style
Passive/Tracking
Investment method
Physical - Full, Shares
Fund managers
NameSinceBiography
David Billaux01/01/2012David Billaux is Index Fund Manager at Pictet Asset Managemet. He joined Pictet in December 2011. Previously, David was Quant Index Fund Manager and Vice President at Northern Trust Global Investments. Prior to that, he worked as Equity Index Fund Manager at HSBC Asset Management, where he was responsible for the passive asset management of domestic funds in the UK, Luxembourg funds invested in the US, and Saudi Arabian funds invested globally. He joined HSBC Investments in 2001 when he started working in the industry. David started his career working at HSBC Investments as a global equity fund manager assistant from 2001 to 2003. After this, he was a Global Equity Trader from 2003 to 2005 before being promoted to his current position. David holds a degree in Finance from the Reims Management School and a degree in Financial Engineering and International Treasury from the Institut Superieur du Commerce de Paris.
Samuel Gorgerat22/09/2011Samuel Gorgerat joined Pictet & Cie in 1989 and Pictet Asset Management in 1996. After working in the Performance and Risk Measurement team, he joined the Quantitative Investment team, working as an Investment Manager on the indexed portfolios. Samuel holds the Federal Diploma in Banking Economics and a CFPI diploma.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Cyprus, Germany, Spain, Finland, France, United Kingdom, Greece, Italy, Liechtenstein, Luxembourg, Netherlands, Norway, Offshore, Portugal, Singapore, Sweden
Pictet China Index I GBP
Initial charge5%
Annual charge0.25%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.54%
Total expense ratio (TER)0.54%
Bid price-
Offer price-
Mid price89.5
CurrencyGBP
Price updated23/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF4QT
Pictet China Index I USD
Initial charge5%
Annual charge0.25%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.54%
Total expense ratio (TER)0.53%
Bid price-
Offer price-
Mid price115.99
CurrencyUSD
Price updated23/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code047Y
Pictet China Index IS USD
Initial charge5%
Annual charge0.25%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.54%
Total expense ratio (TER)0.53%
Bid price-
Offer price-
Mid price117.13
CurrencyUSD
Price updated23/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code047Z
Pictet China Index P EUR
Initial charge5%
Annual charge0.38%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.67%
Total expense ratio (TER)0.66%
Bid price-
Offer price-
Mid price102.65
CurrencyEUR
Price updated23/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code048A
Pictet China Index P USD
Initial charge5%
Annual charge0.38%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.67%
Total expense ratio (TER)0.66%
Bid price-
Offer price-
Mid price115.17
CurrencyUSD
Price updated23/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code048B
Pictet China Index R EUR
Initial charge5%
Annual charge0.75%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.05%
Total expense ratio (TER)1.03%
Bid price-
Offer price-
Mid price101
CurrencyEUR
Price updated23/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code048C
Pictet China Index R USD
Initial charge5%
Annual charge0.75%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.04%
Total expense ratio (TER)1.03%
Bid price-
Offer price-
Mid price113.32
CurrencyUSD
Price updated23/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code048D
Data provided by

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