Fact sheet: Pictet Japan Index

Fund information
Fund name
Pictet Japan Index I NAV GBP
Fund manager company
Pictet Asset Management (Europ
Fund type
Offshore Fund
Fund managers
  • Samuel Gorgeratsince 01/11/2006
  • David Billauxsince 01/01/2012
Fund objective
The aim of this sub-fund is to enable investors to participate in the growth of the Japanese equity market by way of a vehicle that accurately reflects MSCI Japan index movements. The sub-fund will invest solely in the securities or rights making up this index. However, the sub-fund is not required to hold all the securities included in the benchmark index.
Benchmark
  • MSCI Japan
Investment style
Passive/Tracking
Investment method
Shares, Physical - Full
Quick stats
1 Year return
21%
1 Year rank in sector
8/109
Sector
FO Equity - Japan
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.
0.34%
Fund size
£96,767m (£152,640m 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.
130
Top in this sector
Fund name1 Year
GAM Star Jap Eq30.7%
Eastspring Inv JapFdVal28%
Lindsell Train Japnse Eq27.8%
Russell IC Japan Equity24.9%
Allianz Japan Eq23.1%
...more in FO Equity - Japan

Performance snapshot

Holdings snapshot

  • Japan100%
    Money Market0%
  • Consumer Discretionary21%
    Industrials20.2%
    Financials12.7%
    Information Technology10.6%
    Health Care8%
  • Japanese Equities100%
    Money Market0%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-2.6%3.7%18.9%21%39.9%77.5%
Sector3.3%6.8%10.1%0%22.7%90.5%
Rank within sector98 / 11780 / 11715 / 1168 / 10914 / 9157 / 84
Quartile4th3rd1st1st1st3rd
Calendar performance
 YTD - 20162015201420132012
Fund18.3%14.4%1.7%24%4.2%
Sector1.5%11.8%4.1%43.2%13.9%
Rank within sector9 / 11033 / 10160 / 9172 / 8871 / 83
Quartile1st2nd3rd4th4th
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.
7.56
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.
0.68
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.
0.65
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.
10.61
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.
0.47
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.
0.49
Price movement
52 week high115.77
52 week low76.87
Current bid price-
Current offer price-
Current mid price108.18
Region
1Japan99.96%
2Money Market0.04%
Industry sector
1Consumer Discretionary21%
2Industrials20.23%
3Financials12.73%
4Information Technology10.63%
5Health Care7.97%
6Consumer Staples7.92%
7Telecommunications Utilities6.09%
8Materials5.86%
9Real Estate4.64%
Asset type
1Japanese Equities99.96%
2Money Market0.04%
Individual holdings
1TOYOTA MOTOR CORP5.13%
2MITSUBISHI UFJ FINANCIAL GROUP2.2%
3SOFTBANK GROUP CORP2%
4KDDI CORP1.85%
5HONDA MOTOR CO1.62%
6SUMITOMO MITSUI FINANCIAL GROUP INC1.55%
7JAPAN TOBACCO INC1.39%
8SONY CORP1.34%
9MIZUHO FINANCIAL GROUP1.33%
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 the Japanese equity market by way of a vehicle that accurately reflects MSCI Japan index movements. The sub-fund will invest solely in the securities or rights making up this index. However, the sub-fund is not required to hold all the securities included in the benchmark index.
Benchmark
  • MSCI Japan
Investment style
Passive/Tracking
Investment method
Shares, Physical - Full
Fund managers
NameSinceBiography
Samuel Gorgerat01/11/2006Samuel 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.
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.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, FE Passive Rateable, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Chile, Cyprus, Germany, Spain, Finland, France, United Kingdom, Greece, Italy, Liechtenstein, Luxembourg, Netherlands, Offshore, Peru, Portugal, Singapore, Sweden
Pictet Japan Index HZ 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 price139.12
CurrencyEUR
Price updated06/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeC15T
Pictet Japan Index I GBP
Initial charge-
Annual charge0.15%
Min single investment£100,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.34%
Total expense ratio (TER)-
Bid price108.18
Offer price113.589
Mid price-
CurrencyGBP
Price updated06/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFX1G
Pictet Japan Index I JPY
Initial charge5%
Annual charge0.15%
Min single investment£100,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.34%
Total expense ratio (TER)0.33%
Bid price-
Offer price-
Mid price15741.08
CurrencyJPY
Price updated06/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeP779
Pictet Japan Index I NAV GBP
Initial charge5%
Annual charge0.15%
Min single investment£100,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.34%
Total expense ratio (TER)0.33%
Bid price-
Offer price-
Mid price108.18
CurrencyGBP
Price updated06/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF4RG
Pictet Japan Index IS EUR
Initial charge5%
Annual charge0.15%
Min single investment£100,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.34%
Total expense ratio (TER)0.33%
Bid price-
Offer price-
Mid price130.94
CurrencyEUR
Price updated06/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeIRJ6
Pictet Japan Index IS JPY
Initial charge5%
Annual charge0.15%
Min single investment£100,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.34%
Total expense ratio (TER)0.33%
Bid price-
Offer price-
Mid price15946.97
CurrencyJPY
Price updated06/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeBMK2
Pictet Japan Index P EUR
Initial charge5%
Annual charge0.3%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.44%
Total expense ratio (TER)0.42%
Bid price-
Offer price-
Mid price126.18
CurrencyEUR
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeA0JA
Pictet Japan Index P JPY
Initial charge5%
Annual charge0.3%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.44%
Total expense ratio (TER)0.43%
Bid price-
Offer price-
Mid price15499.81
CurrencyJPY
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codePW36
Pictet Japan Index P dy JPY
Initial charge5%
Annual charge0.3%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.44%
Total expense ratio (TER)0.43%
Bid price-
Offer price-
Mid price13507.39
CurrencyJPY
Price updated06/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeA1H0
Pictet Japan Index R EUR
Initial charge5%
Annual charge0.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.74%
Total expense ratio (TER)0.73%
Bid price-
Offer price-
Mid price123.29
CurrencyEUR
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeA0JB
Pictet Japan Index R JPY
Initial charge5%
Annual charge0.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.74%
Total expense ratio (TER)0.72%
Bid price-
Offer price-
Mid price15145.12
CurrencyJPY
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codePW37
Pictet Japan Index R dy GBP
Initial charge5%
Annual charge0.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.74%
Total expense ratio (TER)-
Bid price94.56
Offer price99.288
Mid price-
CurrencyGBP
Price updated06/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFX1H
Pictet Japan Index R dy NAV GBP
Initial charge5%
Annual charge0.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.74%
Total expense ratio (TER)0.72%
Bid price-
Offer price-
Mid price94.56
CurrencyGBP
Price updated06/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeDMZ3
Pictet Japan Index Z JPY
Initial charge5%
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.04%
Total expense ratio (TER)0.03%
Bid price-
Offer price-
Mid price16360.66
CurrencyJPY
Price updated06/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeDSZ5
Data provided by

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