Fact sheet: Pictet Greater China

Fund information
Fund name
Pictet Greater China I GBP
Fund manager company
Pictet Asset Management (Europ
Fund type
Offshore Fund
Fund managers
  • David Chensince 14/01/2013
  • James Kenneysince 01/03/2017
Fund objective
The sub-fund seeks capital growth by investing at least two-thirds of its total assets in a diversified portfolio of the shares of companies whose main business and/or registered office is in Hong Kong, China or Taiwan.
Benchmark
  • MSCI Golden Dragon
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
33%
1 Year rank in sector
-
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.
1.1%
Fund size
£152m (£162m 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.
121
Top in this sector
Fund name1 Year
Guinness Best of China45.1%
Fidelity China Focus40%
GS China Opp Eq Prtflio38.4%
Old Mutual China Eq37.6%
Fidelity China Csmr36.1%
...more in FO Equity - Greater China

Performance snapshot

Holdings snapshot

  • China55.5%
    Taiwan24.8%
    Hong Kong16.1%
    Money Market2.6%
    USA1%
  • Information Technology37.2%
    Financials23.4%
    Industrials9.5%
    Real Estate7.2%
    Consumer Discretionary6%
  • Chinese Equities55.5%
    Taiwanese Equities24.8%
    Hong Kong Equities16.1%
    Money Market2.6%
    US Equities1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.3%5.8%1.7%33%59.1%67.9%
Sector1.1%7.7%6.1%21%21.3%34.1%
Rank within sector------
Quartile
Calendar performance
 YTD - 20172016201520142013
Fund9.9%18%4.5%10.7%3.6%
Sector14.7%0.7%-5%4.6%10.7%
Rank within sector-----
Quartile
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.
11.97
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.
0.77
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.
0.79
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%.
16.66
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.
9.62
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.
1.08
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.
0.71
Price movement
52 week high404.36
52 week low272.52
Current bid price-
Current offer price-
Current mid price394.7
Region
1China55.5%
2Taiwan24.8%
3Hong Kong16.1%
4Money Market2.6%
5USA1%
Industry sector
1Information Technology37.2%
2Financials23.4%
3Industrials9.5%
4Real Estate7.2%
5Consumer Discretionary6%
6Telecommunications Utilities5.3%
7Energy3.1%
8Money Market2.6%
9Materials2.3%
Asset type
1Chinese Equities55.5%
2Taiwanese Equities24.8%
3Hong Kong Equities16.1%
4Money Market2.6%
5US Equities1%
Individual holdings
1TENCENT HLDGS LTD9.3%
2TAIWAN SEMICONDUCTOR CO9.1%
3ALIBABA GROUP HLDG LTD7.4%
4INDUSTRIAL & COM BK CHINA5.6%
5AIA GROUP LTD5%
6PING AN INSURANCE(GR)CO OF CHINA4.9%
7CHINA MOBILE LTD4.1%
8CHINA PETROLEUM & CHEMICAL CORP3.1%
9CK HUTCHISON HLDGS LTD3%
Management
Fund manager group
Pictet
Fund manager company
Pictet Asset Management (Europ
Fund type
Offshore Fund
Fund objective
The sub-fund seeks capital growth by investing at least two-thirds of its total assets in a diversified portfolio of the shares of companies whose main business and/or registered office is in Hong Kong, China or Taiwan.
Benchmark
  • MSCI Golden Dragon
Investment style
Growth
Investment method
Shares
Fund managers
NameSinceBiography
David Chen14/01/2013David Chen is Senior Investment Manager at Pictet & Cie and a member of Greater China team, based in Hong Kong. He joined Pictet in 2012 and has 13 years of investment experience.
James Kenney01/03/2017
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, IA Recognised, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Chile, Cyprus, Germany, Denmark, Spain, Finland, France, United Kingdom, Greece, Italy, Liechtenstein, Luxembourg, Netherlands, Norway, Offshore, Peru, Portugal, Singapore, Sweden
Pictet Greater China I EUR
Initial charge5%
Annual charge0.7%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.13%
Total expense ratio (TER)1.22%
Bid price-
Offer price-
Mid price464.54
CurrencyEUR
Price updated26/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeQ608
Pictet Greater China I GBP
Initial charge5%
Annual charge0.7%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.1%
Total expense ratio (TER)1.07%
Bid price-
Offer price-
Mid price394.7
CurrencyGBP
Price updated26/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF4QN
Pictet Greater China I JPY
Initial charge5%
Annual charge0.7%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.1%
Total expense ratio (TER)1.07%
Bid price-
Offer price-
Mid price56353
CurrencyJPY
Price updated26/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFFIM
Pictet Greater China I USD
Initial charge5%
Annual charge0.7%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.1%
Total expense ratio (TER)1.22%
Bid price-
Offer price-
Mid price506.34
CurrencyUSD
Price updated26/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeAWS6
Pictet Greater China P EUR
Initial charge5%
Annual charge1.4%
Min single investment£100,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.84%
Total expense ratio (TER)2.01%
Bid price-
Offer price-
Mid price418.83
CurrencyEUR
Price updated26/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeQ607
Pictet Greater China P USD
Initial charge5%
Annual charge1.4%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.84%
Total expense ratio (TER)2.01%
Bid price-
Offer price-
Mid price456.54
CurrencyUSD
Price updated26/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeBMK0
Pictet Greater China P dy GBP
Initial charge5%
Annual charge1.4%
Min single investment£50,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.83%
Total expense ratio (TER)2.01%
Bid price-
Offer price-
Mid price331.42
CurrencyGBP
Price updated26/04/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeBYR4
Pictet Greater China P dy USD
Initial charge5%
Annual charge1.4%
Min single investment£50,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.83%
Total expense ratio (TER)2.01%
Bid price-
Offer price-
Mid price426.6
CurrencyUSD
Price updated26/04/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeA1G7
Pictet Greater China R EUR
Initial charge5%
Annual charge2%
Min single investment£100,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.47%
Total expense ratio (TER)2.71%
Bid price-
Offer price-
Mid price383.52
CurrencyEUR
Price updated26/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeQ606
Pictet Greater China R USD
Initial charge5%
Annual charge2%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.47%
Total expense ratio (TER)2.71%
Bid price-
Offer price-
Mid price418.04
CurrencyUSD
Price updated26/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeBMK1
Pictet Greater China Z USD
Initial charge5%
Annual charge-
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.25%
Total expense ratio (TER)0.24%
Bid price-
Offer price-
Mid price550.01
CurrencyUSD
Price updated26/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFOIP
Data provided by

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