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
  • May Ling Weesince 30/09/2015
  • Charlie Awdrysince 09/02/2015
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
30.2%
1 Year rank in sector
94/266
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.
140
Bid price
4.728
Offer price
4.977
Top in this sector
Fund name1 Year
AXA Wealth Aber LatAm Eq Pn52.2%
OMW IPL IFDSHdsnRwFTSERAFIEMPn47.7%
Aviva Thredndl Lat Amer Pn45.2%
Aviva Invesco Pep LA Pn40.8%
Aviva Inv Perp Lat Amer Pn40.6%
...more in PN Global Emerging Markets

Performance snapshot

Holdings snapshot

  • China77.6%
    Hong Kong15.1%
    Money Market4.6%
    Sweden1.6%
    Cayman Islands1.1%
  • Internet28.6%
    Insurance13.9%
    Wireless & Mobile Communications9.1%
    Financials5.6%
    Oil & Gas4.9%
  • Chinese Equities77.6%
    Hong Kong Equities15.1%
    Money Market4.6%
    Swedish Equities1.6%
    American Emerging Equities1.1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-3.4%5.1%31.2%30.2%47.7%77.9%
Sector-7.5%1.3%22.6%27.1%19.8%30.3%
Rank within sector22 / 27426 / 2734 / 27094 / 26615 / 22814 / 186
Quartile1st1st1st2nd1st1st
Calendar performance
 YTD - 20162015201420132012
Fund27.7%2.9%12.9%16.2%3.7%
Sector29%-8.5%3%-3.4%13.2%
Rank within sector182 / 26725 / 25520 / 22821 / 209184 / 188
Quartile3rd1st1st1st4th
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.
8.4
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.
1.01
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.
0.66
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%.
19.2
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.
10.88
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.
0.72
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.
0.68
Price movement
52 week high5.02
52 week low3.07
Current bid price4.73
Current offer price4.98
Current mid price-
Region
1China77.64%
2Hong Kong15.12%
3Money Market4.56%
4Sweden1.63%
5Cayman Islands1.05%
Industry sector
1Internet28.61%
2Insurance13.93%
3Wireless & Mobile Communications9.08%
4Financials5.61%
5Oil & Gas4.87%
6Money Market4.56%
7Luxury Goods4.53%
8Water3.43%
9Automotive3.22%
Asset type
1Chinese Equities77.64%
2Hong Kong Equities15.12%
3Money Market4.56%
4Swedish Equities1.63%
5American Emerging Equities1.05%
Individual holdings
1AIA GROUP LTD9.65%
2ALIBABA GROUP HLDG LTD9.65%
3TENCENT HLDGS LTD9.58%
4CHINA MOBILE LTD9.08%
5PING AN INSURANCE(GR)CO OF CHINA4.28%
6ANHUI CONCH CEMENT CO LTD4.13%
7SINA CORP3.83%
8CITIC SECURITIES CO3.58%
9CHINA SHENHUA ENERGY CO LTD3.29%
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
May Ling Wee30/09/2015Wee May Ling joined Henderson as an Investment Manager in 2015. She brings with her close to two decades of industry experience. May Ling was previously a portfolio manager with Lloyd George Management in Hong Kong, managing Greater China and Hong Kong, China equities. She started at the firm as an investment analyst. May Ling commenced her investment career as a research analyst in Dresdner Kleinwort Wasserstein Securities Singapore and subsequently, Hong Kong. Following that, she joined Deutsche Bank Hong Kong as an investment analyst. May Ling holds a BCom (Economics and Finance) from the University of New South Wales, Sydney. She is a CFA charterholder.
Charlie Awdry09/02/2015Charlie joined Henderson in 2011 as an Investment Manager. Charlie joined Gartmore in September 2001, with responsibility for research into the materials sector. In September 2003, Charlie assumed the role of Investment Manager and began supporting the management of the Gartmore China Opportunities Fund. As a sector specialist he conducted research into the industrials and materials sectors for Global Emerging markets products. Charlie spent six months working in Gartmore's Hong Kong office focusing on opportunities in the Chinese market, returning in April 2006. Charlie was appointed Fund Manager of the Gartmore China Opportunities Fund on June 2006. Charlie became manager of the Henderson Horizon China Fund in February 2015. Charlie is a CFA charter holder and holds a first class Honours BSc in Geography from the University of Bristol.
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 price4.623
Offer price4.866
Mid price-
CurrencyGBP
Price updated01/12/2016
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 price4.728
Offer price4.977
Mid price-
CurrencyGBP
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeB6E9
Data provided by

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