Fact sheet: Polar Capital Asian Financials

Fund information
Fund name
Polar Capital Asian Financials A USD
Fund manager company
Polar Capital
Fund type
OEIC
Fund manager
  • John Yakassince 01/04/1997
Fund objective
The Fund aims to achieve capital appreciation and medium-term growth by investing in equities of banking, insurance and other financial services companies, including consumer finance and real estate, within Far Eastern markets outside of Japan.
Benchmark
  • MSCI Asia Ex Japan Finance Index ($)
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
19.2%
1 Year rank in sector
3/12
Sector
FO Equity - Financial
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.
1.22%
Fund size
£37m (£37m 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.
101
Top in this sector
Fund name1 Year
Sanlam Global Financial30.7%
Polar Capital GblInsnrc29.2%
Fidelity Gbl Financl Svs24.5%
JGF-Jupiter Gbl Fins23%
Polar Capital Asian Financials19.2%
...more in FO Equity - Financial

Performance snapshot

Holdings snapshot

  • India25.8%
    Hong Kong15.3%
    Singapore9.3%
    China7.2%
    Indonesia7.1%
  • Banks48.1%
    Real Estate12%
    Insurance9.8%
    Money Market6.4%
    Mortgage & Secured Bonds5.9%
  • Indian Equities25.8%
    Hong Kong Equities15.3%
    Singapore Equities9.3%
    Chinese Equities7.2%
    Indonesian Equities7.1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.3%11%18.5%19.2%30.4%52%
Sector0.7%11.4%9.1%4.8%14.9%66%
Rank within sector4 / 127 / 123 / 123 / 125 / 129 / 11
Quartile2nd3rd1st1st2nd4th
Calendar performance
 YTD - 20162015201420132012
Fund15.6%-6.8%17.5%-5.9%26.1%
Sector-1.3%1.7%7.6%20.3%20.9%
Rank within sector2 / 129 / 122 / 1212 / 125 / 11
Quartile1st3rd1st4th2nd
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.
6.91
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.
0.79
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.
0.57
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%.
14.68
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.
11.06
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.
0.46
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 high327.15
52 week low242.54
Current bid price-
Current offer price-
Current mid price322.21
Region
1India25.8%
2Hong Kong15.3%
3Singapore9.3%
4China7.2%
5Indonesia7.1%
6Philippines6.8%
7Thailand6.5%
8Korea6.3%
9Money Market5.5%
Industry sector
1Banks48.09%
2Real Estate12.02%
3Insurance9.84%
4Money Market6.38%
5Mortgage & Secured Bonds5.85%
6Consumer Credit & Leasing5.4%
7Property Shares3.86%
8Financial Services3.01%
9Industrial - Property1.95%
Asset type
1Indian Equities25.8%
2Hong Kong Equities15.3%
3Singapore Equities9.3%
4Chinese Equities7.2%
5Indonesian Equities7.1%
6Philippine Equities6.8%
7Thai Equities6.5%
8South Korean Equities6.3%
9Asia Pacific Emerging Equities6.2%
Individual holdings
1AIA GROUP LTD4.76%
2E SUN FINANCIAL HLDGS4.28%
3AYALA LAND INC3.5%
4YES BANK3.42%
5YES BANK3.42%
6HOUSING DEVELOPMENT FINANCE CORP3.27%
7HOUSING DEVELOPMENT FINANCE CORP3.27%
8HDFC BANK LTD3.02%
9AXIS BANK LTD2.76%
Management
Fund manager group
Polar Capital
Fund manager company
Polar Capital
Fund type
OEIC
Fund objective
The Fund aims to achieve capital appreciation and medium-term growth by investing in equities of banking, insurance and other financial services companies, including consumer finance and real estate, within Far Eastern markets outside of Japan.
Benchmark
  • MSCI Asia Ex Japan Finance Index ($)
Investment style
Growth
Investment method
Shares
Fund manager
NameSinceBiography
John Yakas01/04/1997John Yakas joined Polar Capital in September 2010 and is the Manager of the Polar Capital Asian Financials Fund, Polar Capital Financial Opportunities Fund and Co-Manager of the Polar Capital Global Financials Trust Plc. John has 27 years’ experience in the financial services industry. Previously, he worked for HSBC as a banker based in Hong Kong and was the head of Asian research at Fox-Pitt, Kelton. In 2003 he joined Hiscox Investment Management which later became HIM Capital. John has won Lipper awards in the Equity Sector Banks and Other Financials Sector in 2010, 2011, 2012 and 2013 for the performance of the Asian Financials Fund. He has an MBA from London Business School and studied at the London School of Economics (BSc Econ).
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Germany, Denmark, Spain, Finland, France, United Kingdom, Guernsey, Ireland, Italy, Jersey, Luxembourg, Netherlands, Norway, Offshore, Singapore, Sweden
Polar Capital Asian Financials A USD
Initial charge3.5%
Annual charge1%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.22%
Total expense ratio (TER)1.3%
Bid price-
Offer price-
Mid price322.21
CurrencyUSD
Price updated29/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFD47
Data provided by

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