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
30%
1 Year rank in sector
10/109
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.
0.31%
Fund size
£83,956m (£101,497m 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.
126
Top in this sector
Fund name1 Year
DSBI Lux SICAV DSBIJpnEqFdtlAct50.3%
Eastspring Inv JapFdVal37.8%
Pictet Japanese Equity Opp37.3%
GAM Star Jap Eq35.3%
Old Mutual Japanese Eq34.7%
...more in FO Equity - Japan

Performance snapshot

Holdings snapshot

  • Japan99.9%
    Money Market0.1%
  • Consumer Discretionary20.3%
    Industrials20.3%
    Financials14.2%
    Information Technology10.9%
    Health Care7.5%
  • Japanese Equities99.9%
    Money Market0.1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.5%2.7%7.2%30%65.2%77.6%
Sector-1.1%1.9%11%17.7%40.7%80.6%
Rank within sector40 / 11740 / 11786 / 11510 / 1099 / 9243 / 83
Quartile2nd2nd3rd1st1st3rd
Calendar performance
 YTD - 20172016201520142013
Fund3.5%22.8%14.5%1.7%24%
Sector2.7%4.5%11.8%4.1%43.2%
Rank within sector43 / 1178 / 10629 / 9864 / 9273 / 87
Quartile2nd1st2nd3rd4th
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.
9.41
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.
0.66
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.
0.99
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%.
12.83
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.
10.5
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.
0.54
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.
0.47
Price movement
52 week high119.71
52 week low85.49
Current bid price-
Current offer price-
Current mid price116.46
Region
1Japan99.9%
2Money Market0.1%
Industry sector
1Consumer Discretionary20.3%
2Industrials20.3%
3Financials14.2%
4Information Technology10.9%
5Health Care7.5%
6Consumer Staples7.4%
7Materials6.5%
8Telecommunications Utilities5.6%
9Real Estate4.4%
Asset type
1Japanese Equities99.9%
2Money Market0.1%
Individual holdings
1TOYOTA MOTOR CORP4.8%
2MITSUBISHI UFJ FINANCIAL GROUP2.7%
3SOFTBANK GROUP CORP2%
4SUMITOMO MITSUI FINANCIAL GROUP INC1.7%
5HONDA MOTOR CO1.6%
6KDDI CORP1.6%
7MIZUHO FINANCIAL GROUP1.5%
8FANUC CORP1.3%
9SONY CORP1.3%
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, Sweden
Pictet Japan Index HZ EUR
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.1%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price142.73
CurrencyEUR
Price updated23/03/2017
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)0.31%
Total expense ratio (TER)-
Bid price116.46
Offer price122.283
Mid price-
CurrencyGBP
Price updated23/03/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFX1G
Pictet Japan Index I JPY
Initial charge5%
Annual charge0.15%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.31%
Total expense ratio (TER)0.33%
Bid price-
Offer price-
Mid price16180.83
CurrencyJPY
Price updated23/03/2017
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)0.31%
Total expense ratio (TER)0.33%
Bid price-
Offer price-
Mid price116.46
CurrencyGBP
Price updated23/03/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF4RG
Pictet Japan Index IS EUR
Initial charge5%
Annual charge0.15%
Min single investment£10,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.31%
Total expense ratio (TER)0.33%
Bid price-
Offer price-
Mid price138.06
CurrencyEUR
Price updated23/03/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeIRJ6
Pictet Japan Index IS JPY
Initial charge5%
Annual charge0.15%
Min single investment£10,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.31%
Total expense ratio (TER)0.33%
Bid price-
Offer price-
Mid price16395.41
CurrencyJPY
Price updated23/03/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeBMK2
Pictet Japan Index P EUR
Initial charge5%
Annual charge0.3%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.44%
Total expense ratio (TER)0.42%
Bid price-
Offer price-
Mid price132.9
CurrencyEUR
Price updated23/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeA0JA
Pictet Japan Index P JPY
Initial charge5%
Annual charge0.3%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.44%
Total expense ratio (TER)0.43%
Bid price-
Offer price-
Mid price15926.27
CurrencyJPY
Price updated23/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codePW36
Pictet Japan Index P dy JPY
Initial charge5%
Annual charge0.3%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.44%
Total expense ratio (TER)0.43%
Bid price-
Offer price-
Mid price13879.03
CurrencyJPY
Price updated23/03/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeA1H0
Pictet Japan Index R EUR
Initial charge5%
Annual charge0.6%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.74%
Total expense ratio (TER)0.73%
Bid price-
Offer price-
Mid price129.8
CurrencyEUR
Price updated23/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeA0JB
Pictet Japan Index R JPY
Initial charge5%
Annual charge0.6%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.74%
Total expense ratio (TER)0.72%
Bid price-
Offer price-
Mid price15554.41
CurrencyJPY
Price updated23/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codePW37
Pictet Japan Index R dy GBP
Initial charge5%
Annual charge0.6%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.74%
Total expense ratio (TER)-
Bid price101.74
Offer price106.827
Mid price-
CurrencyGBP
Price updated23/03/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFX1H
Pictet Japan Index R dy NAV GBP
Initial charge5%
Annual charge0.6%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.74%
Total expense ratio (TER)0.72%
Bid price-
Offer price-
Mid price101.74
CurrencyGBP
Price updated23/03/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeDMZ3
Pictet Japan Index Z JPY
Initial charge5%
Annual charge-
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.05%
Total expense ratio (TER)0.03%
Bid price-
Offer price-
Mid price16829.92
CurrencyJPY
Price updated23/03/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeDSZ5
Data provided by

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