Fact sheet: Pictet Japanese Equity Opp

Fund information
Fund name
Pictet Japanese Equity Opportunities I GBP
Fund manager company
Pictet Asset Management (Europ
Fund type
Offshore Fund
Fund managers
  • Serena Robinsonsince 20/10/2005
  • Takeshi Suzukisince 11/05/2011
  • Go Shiinasince 11/05/2011
  • Adrian Hickeysince 30/09/2006
  • Sam Perrysince 24/03/2009
Fund objective
The sub-fund invests at least two-thirds of its total assets in the shares of companies whose main business and/or registered office is in Japan. The sub-fund seeks to grow the capital invested by optimising the alpha-generating potential with a 130/30 management approach, i.e. by combining a long strategy on 130% of total assets with a short strategy on 30%. Net exposure is maintained at 100%.
Benchmark
  • TOPIX
Investment style
130/30
Investment method
Shares
Quick stats
1 Year return
21.6%
1 Year rank in sector
-
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.
1%
Fund size
£203,584m (£239,128m 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.
162
Top in this sector
Fund name1 Year
GAM Star Jap Eq32.2%
Lindsell Train Japnse Eq27.6%
GS Jap Eq Part Pfl24.6%
Eastspring Inv JapFdVal24.1%
Allianz Japan Eq24%
...more in FO Equity - Japan

Performance snapshot

Holdings snapshot

  • Japan100.2%
    Money Market-0.2%
  • Consumer Discretionary24.7%
    Industrials16.5%
    Information Technology13.3%
    Financials13.2%
    Materials9.6%
  • Japanese Equities100.2%
    Money Market-0.2%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-5.3%6.5%22.9%21.6%46.7%104%
Sector1.8%8.3%9.7%-0.2%21.6%91.9%
Rank within sector------
Quartile
Calendar performance
 YTD - 20162015201420132012
Fund22.1%15.9%3.4%27.7%-
Sector2.2%11.8%4.1%43.2%13.9%
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.
9.18
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.
0.78
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.
0.83
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%.
14.04
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.
9.57
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.
0.75
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.
0.58
Price movement
52 week high70.75
52 week low44.79
Current bid price-
Current offer price-
Current mid price66.97
Region
1Japan100.16%
2Money Market-0.16%
Industry sector
1Consumer Discretionary24.7%
2Industrials16.47%
3Information Technology13.32%
4Financials13.23%
5Materials9.55%
6Telecommunications Utilities6.97%
7Real Estate6.14%
8Consumer Staples5.34%
9Health Care5.14%
Asset type
1Japanese Equities100.16%
2Money Market-0.16%
Individual holdings
1TOYOTA MOTOR CORP3.78%
2MITSUBISHI UFJ FINANCIAL GROUP3.14%
3SUMITOMO MITSUI FINANCIAL GROUP INC2.69%
4TOKIO MARINE HLDGS INC2.64%
5DAIWA HOUSE INDUSTRY CO2.09%
6MITSUI FUDOSAN2.04%
7SEKISUI CHEMICAL CO1.97%
8MITSUBISHI ELECTRIC CORP1.92%
9AJINOMOTO CO INC1.81%
Management
Fund manager group
Pictet
Fund manager company
Pictet Asset Management (Europ
Fund type
Offshore Fund
Fund objective
The sub-fund invests at least two-thirds of its total assets in the shares of companies whose main business and/or registered office is in Japan. The sub-fund seeks to grow the capital invested by optimising the alpha-generating potential with a 130/30 management approach, i.e. by combining a long strategy on 130% of total assets with a short strategy on 30%. Net exposure is maintained at 100%.
Benchmark
  • TOPIX
Investment style
130/30
Investment method
Shares
Fund managers
NameSinceBiography
Serena Robinson20/10/2005Serena Robinson joined Pictet Asset Management in July 2000. She is an Investment Manager specialising in Japanese equities in the Regional Equities team. She began her finance career at INVESCO in 1999. Serena graduated from Trinity College Dublin with a BA in Economics & Business Studies and has a First Class Masters degree in Business Studies from University College Dublin. She is a Chartered Financial Analyst (CFA) charterholder.
Takeshi Suzuki11/05/2011Takeshi Suzuki joined Pictet Asset Management (Japan) Ltd. as a Senior Investment Analyst in 2001. He became an Investment Manager in 2003, specialising in the electric machinery, machinery, communications, precision instruments and service sectors. He is also responsible for managing major Japanese equity mutual funds including the Yamato, the flagship fund of Pictet in Japan and the Japanese equity part of the World Water Fund. He began his investme nt career in 1987, joining Okasan Securities as an institutional salesman, later becoming an analyst in the research department. Takeshi graduated with a BA in Economics from Rikkyo University. He is a Chartered Financial Analyst (CFA) charter holder and a Chartered Member of the Security Analysts Association of Japan (CMA).
Go Shiina11/05/2011Go Shiina joined Pictet Asset Management (Japan) Ltd. in 2009, as a Senior Investment Analyst, where he is responsible for research on Japanese equities. Before joining Pictet, he spent ten years at Goldman Sachs Asset Management as a portfolio manager. He began his career in 1997 as an analyst at Dai-Ichi Kangyo Bank. Go graduated with a BA in Economics and Finance from the University of Tokyo. He is also a Chartered Member of the Security Analysts Association of Japan.
Adrian Hickey30/09/2006Adrian Hickey joined Pictet Asset Management in 2006 and is a Senior Investment Manager in the Regional Equities team, specialising in Japanese Equities. Throughout his investment career Adrian has concentrated on Japanese equity fund management since joining Scottish Equitable in Edinburgh in 1991. After Scottish Equitable he spent four years in Tokyo with Commerz International Capital Management before returning to the UK, where he subsequently worked for Edinburgh Fund Managers and Shell Pensions. Adrian's most recent position before joining Pictet was Director, Japanese Equities, with Foreign & Colonial in London. Adrian graduated with a BA (Hons) in Economics and Economic History from the University of Birmingham and holds an MA in Philosophy from Lancaster University.
Sam Perry24/03/2009Sam Perry joined Pictet Asset Management in 1997 and is a Senior Investment Manager in the Regional Equities team specialising in Japanese equities. Historically his expertise lies particularly in the Japanese and Far East markets but he has followed both developed and emerging markets globally. Sam graduated from the University of Oxford with a first class degree in Philosophy and Psychology. He later gained a Doctorate in Experimental Cognitive Psychology, also at Oxford University.
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, Hong Kong, Ireland, Italy, Liechtenstein, Luxembourg, Netherlands, Norway, Offshore, Peru, Portugal, Singapore, Sweden
Pictet Japanese Equity Opportunities HI EUR
Initial charge5%
Annual charge0.6%
Min single investment£100,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.04%
Total expense ratio (TER)1.05%
Bid price-
Offer price-
Mid price71.91
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF6MS
Pictet Japanese Equity Opportunities HI GBP
Initial charge5%
Annual charge0.6%
Min single investment£100,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.04%
Total expense ratio (TER)1.04%
Bid price-
Offer price-
Mid price73.82
CurrencyGBP
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF1TO
Pictet Japanese Equity Opportunities HI USD
Initial charge5%
Annual charge0.6%
Min single investment£100,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.05%
Total expense ratio (TER)1.05%
Bid price-
Offer price-
Mid price93.97
CurrencyUSD
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF6MT
Pictet Japanese Equity Opportunities HP EUR
Initial charge5%
Annual charge1.2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.64%
Total expense ratio (TER)1.65%
Bid price-
Offer price-
Mid price70.36
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF7UO
Pictet Japanese Equity Opportunities HP USD
Initial charge5%
Annual charge1.2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.65%
Total expense ratio (TER)1.65%
Bid price-
Offer price-
Mid price92.03
CurrencyUSD
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF90A
Pictet Japanese Equity Opportunities HR EUR
Initial charge5%
Annual charge1.7%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.14%
Total expense ratio (TER)2.14%
Bid price-
Offer price-
Mid price69.1
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF7UP
Pictet Japanese Equity Opportunities HR USD
Initial charge5%
Annual charge1.7%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.15%
Total expense ratio (TER)2.14%
Bid price-
Offer price-
Mid price90.44
CurrencyUSD
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF90B
Pictet Japanese Equity Opportunities I EUR
Initial charge5%
Annual charge0.6%
Min single investment£100,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1%
Total expense ratio (TER)0.99%
Bid price-
Offer price-
Mid price79.46
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeQ602
Pictet Japanese Equity Opportunities I GBP
Initial charge5%
Annual charge0.6%
Min single investment£100,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1%
Total expense ratio (TER)0.99%
Bid price-
Offer price-
Mid price66.97
CurrencyGBP
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code0NDC
Pictet Japanese Equity Opportunities I JPY
Initial charge5%
Annual charge0.6%
Min single investment£100,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1%
Total expense ratio (TER)0.99%
Bid price-
Offer price-
Mid price9642.69
CurrencyJPY
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeP233
Pictet Japanese Equity Opportunities I USD
Initial charge0.4%
Annual charge0.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.99%
Total expense ratio (TER)0.99%
Bid price-
Offer price-
Mid price84.36
CurrencyUSD
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFI6D
Pictet Japanese Equity Opportunities P EUR
Initial charge5%
Annual charge1.2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.6%
Total expense ratio (TER)1.59%
Bid price-
Offer price-
Mid price73.76
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeQ601
Pictet Japanese Equity Opportunities P GBP
Initial charge5%
Annual charge1.2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.59%
Total expense ratio (TER)1.59%
Bid price-
Offer price-
Mid price62.16
CurrencyGBP
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0NDB
Pictet Japanese Equity Opportunities P JPY
Initial charge5%
Annual charge1.2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.6%
Total expense ratio (TER)1.59%
Bid price-
Offer price-
Mid price8950.93
CurrencyJPY
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeXV13
Pictet Japanese Equity Opportunities P dy JPY
Initial charge5%
Annual charge1.2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.59%
Total expense ratio (TER)1.59%
Bid price-
Offer price-
Mid price8869.65
CurrencyJPY
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeA1H3
Pictet Japanese Equity Opportunities R EUR
Initial charge5%
Annual charge1.7%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.1%
Total expense ratio (TER)2.09%
Bid price-
Offer price-
Mid price68.79
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeQ600
Pictet Japanese Equity Opportunities R JPY
Initial charge5%
Annual charge1.7%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.1%
Total expense ratio (TER)2.09%
Bid price-
Offer price-
Mid price8347.35
CurrencyJPY
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeP234
Pictet Japanese Equity Opportunities Z EUR
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.22%
Total expense ratio (TER)0.22%
Bid price-
Offer price-
Mid price43.95
CurrencyEUR
Price updated23/04/2012
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF0OK
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