Fact sheet: RWC Asia Convertibles

Fund information
Fund name
RWC Asia Convertibles B USD
Fund manager company
RWC
Fund type
Offshore Fund
Fund managers
  • Michelle Shisince 01/05/2013
  • Davide Basilesince 08/06/2011
Fund objective
To achieve high risk-adjusted returns by investing in a portfolio of convertible bonds issued by Asian corporates. The fund combines four main sources of return: top-down macro and thematic positioning, bottom-up equity security selection, careful credit analysis and the blending of the derivative features of convertibles.
Benchmark
  • No Specified Index
Investment style
No data available.
Investment method
None
Quick stats
1 Year return
6.7%
1 Year rank in sector
30/72
Sector
FO Convertible
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.
1.21%
Fund size
£50m
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.
40
Top in this sector
Fund name1 Year
Man Convertibles Am17%
Swisscanto (LU) Bond COCO14.4%
CQS Global Convertible UCITS12.7%
UBS (L)BCnvrtEur€11.9%
Franklin Gl Cnvtl Secrts11.2%
...more in FO Convertible

Performance snapshot

Holdings snapshot

  • China48.9%
    Hong Kong15.8%
    Taiwan10.5%
    Thailand8.3%
    Singapore7.9%
  • Information Technology28%
    Industrials19.7%
    Real Estate12.7%
    Consumer Discretionary8.4%
    Health Care7.3%
  • Chinese Fixed Interest48.9%
    Hong Kong Fixed Interest15.8%
    Taiwanese Fixed Interest10.5%
    Thai Fixed Interest8.3%
    Singapore Fixed Interest7.9%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.1%2.9%2.6%6.7%11.9%30.4%
Sector1.4%2.1%3.7%5.9%7.4%27.6%
Rank within sector66 / 7216 / 7258 / 7230 / 7215 / 6020 / 51
Quartile4th1st4th2nd1st2nd
Calendar performance
 YTD - 20172016201520142013
Fund4.6%1.1%5.2%2.7%8.1%
Sector3.2%0.7%2.9%2.3%11.7%
Rank within sector13 / 7230 / 7116 / 6734 / 6042 / 53
Quartile1st2nd1st3rd4th
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.
2.24
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.
0.94
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.
0.07
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%.
7.81
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.
5.74
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.
0.34
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.
0.45
Price movement
52 week high125
52 week low114.09
Current bid price-
Current offer price-
Current mid price124.78
Region
1China48.9%
2Hong Kong15.8%
3Taiwan10.5%
4Thailand8.3%
5Singapore7.9%
6Malaysia2.6%
7Money Market2.6%
8Philippines2.1%
9Japan0.9%
Industry sector
1Information Technology28%
2Industrials19.7%
3Real Estate12.7%
4Consumer Discretionary8.4%
5Health Care7.3%
6Financials7.1%
7Utilities5.2%
8Consumer Staples4.6%
9Energy4.4%
Asset type
1Chinese Fixed Interest48.9%
2Hong Kong Fixed Interest15.8%
3Taiwanese Fixed Interest10.5%
4Thai Fixed Interest8.3%
5Singapore Fixed Interest7.9%
6Malaysian Fixed Interest2.6%
7Money Market2.6%
8Philippine Fixed Interest2.1%
9Japanese Fixed Interest0.9%
Individual holdings
No data available.
Management
Fund manager group
RWC
Fund manager company
RWC
Fund type
Offshore Fund
Fund objective
To achieve high risk-adjusted returns by investing in a portfolio of convertible bonds issued by Asian corporates. The fund combines four main sources of return: top-down macro and thematic positioning, bottom-up equity security selection, careful credit analysis and the blending of the derivative features of convertibles.
Benchmark
  • No Specified Index
Investment style
No data available.
Investment method
None
Fund managers
NameSinceBiography
Michelle Shi01/05/2013Ms. Michelle Shi is Portfolio Manager at RWC Asset Management LLP and RWC Funds - RWC Asia Convertibles Fund.
Davide Basile08/06/2011Davide Basile is the Portfolio Manager. He is supported by Michelle Shi, Esther Watt, Makeem Asif & Uday Sikand. Davide Basile was previously Head of Convertible Bonds and the lead portfolio manager for Morgan Stanley Investment Management. He was an employee at Morgan Stanley since 2001 working both within Private Wealth Management and the Investment Management. From 2005 until he left in November 2009 Davide was responsible for the management of the convertible bond accounts including the Luxembourg SICAVs and the instutional convertible bond accounts.From 2003 to 2005 Davide worked with Randall Curtis on the convertible bond funds that had been launched in 2002. Davide was the number two on the funds and was responsible for portfolio management and risk management. Prior to this Davide worked within the client strategy group at Morgan Stanley Private Wealth Management where he was involved in the use of derivatives for portfolio protection. In 2005 Davide spent 3 months away from Morgan Stanley when he left with Randall Curtis to join a boutique before he was recruited back to the firm to be Head of Convertible Bonds. From 1998 Davide worked in Riyadh as a project manager in the telecommunications industry.Davide graduated from Imperial College where he gained a degree in Material Science Engineering. He spent his childhood in San Francisco, Rome and Tanzania before being educated in the UK. He is an American and Italian passport holder.
Compliance
UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom, Luxembourg, Offshore, Sweden
RWC Asia Convertibles B Hedged EUR
Initial charge5%
Annual charge0.9%
Min single investment£25,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.21%
Total expense ratio (TER)1.19%
Bid price-
Offer price-
Mid price120.8599
CurrencyEUR
Price updated26/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code013W
RWC Asia Convertibles B Hedged GBP
Initial charge5%
Annual charge0.9%
Min single investment£25,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.21%
Total expense ratio (TER)1.22%
Bid price-
Offer price-
Mid price124.0185
CurrencyGBP
Price updated26/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code013Y
RWC Asia Convertibles B USD
Initial charge5%
Annual charge0.9%
Min single investment£10,000,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.21%
Total expense ratio (TER)1.25%
Bid price-
Offer price-
Mid price124.7791
CurrencyUSD
Price updated26/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code013X
RWC Asia Convertibles R Hedged GBP
Initial charge5%
Annual charge0.9%
Min single investment£25,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.26%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price123.9982
CurrencyGBP
Price updated26/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMEKO
Data provided by

The Content is only for your general information and use and is not intended to address your particular requirements. The Content does not constitute any form of advice, recommendation or arrangement by Moneywise and is not intended to be relied upon by you in making (or refraining from making) any specific investment or other decisions. Appropriate independent advice should be obtained before making any such decision.

This information is sourced from our partner Financial Express. We believe the data to be correct however you should take care in using any information.

You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.