Fact sheet: ReAssure AL Hnd Hrz ChnPn

Fund information
Fund name
ReAssure AL Henderson Horizon China Pn PPBR
Fund manager company
ReAssure Limited
Fund type
Pension Fund
Fund managers
  • Charlie Awdrysince 09/02/2015
  • May Ling Weesince 01/10/2015
Underlying fund
Henderson Horizon China
Fund objective
The investment objective of the China Fund is to seek long-term capital appreciation through investment in securities listed primarily in China, Hong Kong and Taiwan. The Investment Manager may also invest in companies incorporated elsewhere that have significant assets, business, production, trading activity or other interests in China, Hong Kong or Taiwan. At least two thirds of the total assets of this Fund will be invested in (i) companies having their registered office in China, Hong Kong or Taiwan (ii) companies with their registered office outside China, Hong Kong or Taiwan carrying out their business activities predominantly in China, Hong Kong or Taiwan, or (iii) holding companies, the interests of which are predominantly invested in companies with their registered office in China, Hong Kong or Taiwan. The Fund may invest in China A-Shares, directly through Shanghai-Hong Kong Stock Connect and other eligible exchanges or indirectly through derivative instruments. Exposure to China A-Shares will not be more than 35% of the Fund’s net asset value. The Investment Manager will adopt a broad range of investment strategies using a diversified range of instruments with a view to enhancing the performance of the Fund. Particularly, the Investment Manager will employ an approach to investment decisions using primarily a Fundamental strategy as further described under the Section ‘General Policy applicable to Funds making active use of derivatives and using a Fundamental strategy’ of this Prospectus. The approach will be implemented by using the following instruments in accordance with the Section ‘Investment Restrictions’ of this Prospectus: quoted equity securities, structured notes, options, futures and forwards on stocks, indices, contracts for difference, OTC swaps including equity swaps and asset swaps, equity linked notes and currency forwards. On an ancillary basis, and for defensive purposes, the Fund may also invest in government, government agency and corporate bonds and their associated derivative securities, preferred stock, money market instruments and may hold cash or treasury bills pending reinvestment. The Investment Manager may from time to time consider hedging currency and interest rates exposure, but will not generally enter into contracts involving a speculative position in any currency or interest rate.
Benchmark
  • No Specified Index
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
49.1%
1 Year rank in sector
46/256
Sector
PN Global Emerging Markets
Yield
-
Fund size
£0m (£0m 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
Bid price
5.192
Offer price
5.465
Top in this sector
Fund name1 Year
Baillie Gifford Emerging Mkts Pn58.1%
Zurich Bail Giff EgMkt EqPn57%
FL BG EmgMkts Ldng Cos EP56.2%
SLFC Emerging Markets Pn55.5%
LV= Jupiter India Pn55.3%
...more in PN Global Emerging Markets

Performance snapshot

Holdings snapshot

  • China71.9%
    Hong Kong22.8%
    Not Specified3.5%
    Money Market1.9%
  • Internet24.7%
    Insurance16.9%
    Leisure & Hotels12.7%
    Financials6.8%
    Pharmaceuticals5.4%
  • Chinese Equities71.9%
    Hong Kong Equities22.8%
    Alternative Investment Strategies3.5%
    Money Market1.9%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund4.4%4.9%11%49.1%72.4%110.1%
Sector2.1%2.1%12.2%41.2%34.4%52.2%
Rank within sector29 / 26350 / 263194 / 26246 / 25612 / 21819 / 184
Quartile1st1st3rd1st1st1st
Calendar performance
 YTD - 20172016201520142013
Fund14.9%22%2.9%12.9%16.2%
Sector9.8%31.9%-8.5%3%-3.4%
Rank within sector13 / 263228 / 25223 / 24018 / 21320 / 195
Quartile1st4th1st1st1st
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.
6.8
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.
1.04
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.
0.79
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%.
19.45
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.
10.49
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.
0.63
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.
0.71
Price movement
52 week high5.18
52 week low3.45
Current bid price5.19
Current offer price5.47
Current mid price-
Region
1China71.86%
2Hong Kong22.82%
3Not Specified3.46%
4Money Market1.86%
Industry sector
1Internet24.71%
2Insurance16.85%
3Leisure & Hotels12.73%
4Financials6.76%
5Pharmaceuticals5.41%
6Oil & Gas3.52%
7Automotive3.47%
8Derivatives3.46%
9Luxury Goods3.34%
Asset type
1Chinese Equities71.86%
2Hong Kong Equities22.82%
3Alternative Investment Strategies3.46%
4Money Market1.86%
Individual holdings
1ALIBABA GROUP HLDG LTD9.79%
2TENCENT HLDGS LIMITED9.69%
3PING AN INSURANCE(GR)CO OF CHINA6.57%
4AIA GROUP LTD5.89%
5HONG KONG EXCHANGES & CLEARING4.4%
6CHINA LIFE INSURANCE CO4.39%
7GALAXY ENTERTAINMENT GROUP4.23%
8SINOPEC4.03%
9NETEASE INC3.74%
Management
Fund manager group
ReAssure Limited
Fund manager company
ReAssure Limited
Fund type
Pension Fund
Fund objective
The investment objective of the China Fund is to seek long-term capital appreciation through investment in securities listed primarily in China, Hong Kong and Taiwan. The Investment Manager may also invest in companies incorporated elsewhere that have significant assets, business, production, trading activity or other interests in China, Hong Kong or Taiwan. At least two thirds of the total assets of this Fund will be invested in (i) companies having their registered office in China, Hong Kong or Taiwan (ii) companies with their registered office outside China, Hong Kong or Taiwan carrying out their business activities predominantly in China, Hong Kong or Taiwan, or (iii) holding companies, the interests of which are predominantly invested in companies with their registered office in China, Hong Kong or Taiwan. The Fund may invest in China A-Shares, directly through Shanghai-Hong Kong Stock Connect and other eligible exchanges or indirectly through derivative instruments. Exposure to China A-Shares will not be more than 35% of the Fund’s net asset value. The Investment Manager will adopt a broad range of investment strategies using a diversified range of instruments with a view to enhancing the performance of the Fund. Particularly, the Investment Manager will employ an approach to investment decisions using primarily a Fundamental strategy as further described under the Section ‘General Policy applicable to Funds making active use of derivatives and using a Fundamental strategy’ of this Prospectus. The approach will be implemented by using the following instruments in accordance with the Section ‘Investment Restrictions’ of this Prospectus: quoted equity securities, structured notes, options, futures and forwards on stocks, indices, contracts for difference, OTC swaps including equity swaps and asset swaps, equity linked notes and currency forwards. On an ancillary basis, and for defensive purposes, the Fund may also invest in government, government agency and corporate bonds and their associated derivative securities, preferred stock, money market instruments and may hold cash or treasury bills pending reinvestment. The Investment Manager may from time to time consider hedging currency and interest rates exposure, but will not generally enter into contracts involving a speculative position in any currency or interest rate.
Benchmark
  • No Specified Index
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Charlie Awdry09/02/2015Charlie Awdry has more than a decade of experience investing in China equities. He joined Henderson in 2011 as part of the Gartmore acquisition where he had been a key member of the emerging markets team since 2001. Charlie assumed the role of investment manager and began managing Chinese equities in 2003. As a sector specialist he conducted research into the industrials and materials sectors for Global Emerging Markets products. After a period of working in Hong Kong in 2005 and 2006 Charlie returned to London and became the China fund manager at Gartmore in 2006. Charlie is a CFA charterholder and holds a first class BSc (Hons) degree in Geography from the University of Bristol.
May Ling Wee01/10/2015May Ling Wee joined Henderson as an investment manager in 2015, and has almost 20 years’ industry experience. Previously, she was a portfolio manager with Lloyd George Management in Hong Kong, managing Greater China and Hong Kong equities. May Ling began her investment career as a research analyst in Dresdner Kleinwort Wasserstein Securities, Singapore and subsequently Hong Kong. Prior to that, she was an investment analyst with Deutsche Bank, Hong Kong. May Ling holds a BCom (Economics and Finance) from the University of New South Wales, Sydney and is a CFA charterholder.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
ReAssure AL Henderson Horizon China Pn PPB
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price5.07
Offer price5.337
Mid price-
CurrencyGBP
Price updated24/05/2017
Type-
Institutional or retail classRetail
Domicile-
Citi codeUS47
ReAssure AL Henderson Horizon China Pn PPBR
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price5.192
Offer price5.465
Mid price-
CurrencyGBP
Price updated24/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeB6E9
Data provided by

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