Fact sheet: Pictet Chinese Lcl Cur Dt

Fund information
Fund name
Pictet Chinese Local Currency Debt R USD
Fund manager company
Pictet Asset Management (Europ
Fund type
Offshore Fund
Fund manager
  • Cary Yeungsince 14/01/2015
Fund objective
The objective of this compartment is to seek revenue and capital growth by primarily investing in bonds and other debt securities, deposits and money-market instruments denominated in renminbi (RMB). Investments may be conducted in CNY (onshore renminb) or in CNH (offshore renminbi). Exposure to non-RMB denominated assets may be hedged to help maintain a currency exposure in RMB. The Compartment will be primarily exposed to CNY and/or CNH, directly or indirectly.
Benchmark
  • ChinaBond Composite Total Return Index
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
0.8%
1 Year rank in sector
26/32
Sector
FO Fixed Int - Other Single Currency
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.
2.67%
Fund size
£30m (£30m 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.
71
Top in this sector
Fund name1 Year
HSBC GIF Brazil Bond53.1%
Aberdeen Gbl Brazil Bond44.5%
Baring China Bond19.2%
Aberdeen Gbl Indian Bond11%
Stratton Street RenminbiBd UI8.4%
...more in FO Fixed Int - Other Single Currency

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0%1%-0.7%0.8%--
Sector0%1.2%2.4%4.5%7.9%12.5%
Rank within sector14 / 3315 / 3329 / 3326 / 32--
Quartile2nd2nd4th4th
Calendar performance
 YTD - 20162015201420132012
Fund-0.2%----
Sector4%-0.9%4.2%-0.3%4.3%
Rank within sector30 / 33----
Quartile4th
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 high102.62
52 week low99.28
Current bid price-
Current offer price-
Current mid price100.75
Region
No data available.
Industry sector
1AA54.28%
2A23.83%
3BBB11.04%
4BB6.43%
5B3.28%
6Non-Rated1.15%
Asset type
No data available.
Individual holdings
No data available.
Management
Fund manager group
Pictet
Fund manager company
Pictet Asset Management (Europ
Fund type
Offshore Fund
Fund objective
The objective of this compartment is to seek revenue and capital growth by primarily investing in bonds and other debt securities, deposits and money-market instruments denominated in renminbi (RMB). Investments may be conducted in CNY (onshore renminb) or in CNH (offshore renminbi). Exposure to non-RMB denominated assets may be hedged to help maintain a currency exposure in RMB. The Compartment will be primarily exposed to CNY and/or CNH, directly or indirectly.
Benchmark
  • ChinaBond Composite Total Return Index
Investment style
None
Investment method
Fixed Interest
Fund manager
NameSinceBiography
Cary Yeung14/01/2015Mr. Cary Yeung serves as the Head of Greater China Debt at Pictet Asset Management (Hong Kong) Limited.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Cyprus, Germany, Spain, Finland, France, United Kingdom, Greece, Liechtenstein, Luxembourg, Netherlands, Offshore, Portugal, Sweden
Pictet Chinese Local Currency Debt I EUR
Initial charge5%
Annual charge0.65%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.19%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price91.53
CurrencyEUR
Price updated27/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFS6I
Pictet Chinese Local Currency Debt I RMB
Initial charge5%
Annual charge1.1%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyCNH
Price updated01/01/1900
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFS6K
Pictet Chinese Local Currency Debt I USD
Initial charge5%
Annual charge0.65%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.2%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price102.94
CurrencyUSD
Price updated27/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFS6J
Pictet Chinese Local Currency Debt P EUR
Initial charge5%
Annual charge1.3%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.98%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price90.5
CurrencyEUR
Price updated27/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFS6L
Pictet Chinese Local Currency Debt P RMB
Initial charge5%
Annual charge2.2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price680.31
CurrencyCNH
Price updated27/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFS6M
Pictet Chinese Local Currency Debt P USD
Initial charge5%
Annual charge1.3%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.98%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price101.77
CurrencyUSD
Price updated27/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFS6N
Pictet Chinese Local Currency Debt R EUR
Initial charge5%
Annual charge1.9%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.67%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price89.58
CurrencyEUR
Price updated27/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFS6H
Pictet Chinese Local Currency Debt R RMB
Initial charge5%
Annual charge3%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyCNH
Price updated01/01/1900
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFS6F
Pictet Chinese Local Currency Debt R USD
Initial charge5%
Annual charge1.9%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.67%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price100.75
CurrencyUSD
Price updated27/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFS6G
Pictet Chinese Local Currency Debt Z 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 price-
CurrencyEUR
Price updated01/01/1900
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE9FD
Pictet Chinese Local Currency Debt Z RMB
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.26%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price697.29
CurrencyCNH
Price updated27/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFSHV
Pictet Chinese Local Currency Debt Z USD
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.18%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price104.48
CurrencyUSD
Price updated27/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFSHU
Data provided by

The Content is only for your general information and use and is not intended to address your particular requirements. The Content does not constitute any form of advice, recommendation or arrangement by Moneywise and is not intended to be relied upon by you in making (or refraining from making) any specific investment or other decisions. Appropriate independent advice should be obtained before making any such decision.

This information is sourced from our partner Financial Express. We believe the data to be correct however you should take care in using any information.

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.