Fact sheet: Scot Oriental SmCo

Fund information
Fund name
Scottish Oriental Smaller Companies Ord
Fund manager company
First State Investments IT
Fund type
Investment Trust
Fund managers
  • Martin Lausince 01/07/2015
  • Vinay Agarwalsince 01/07/2016
  • Wee Li Heesince 01/04/2013
Accolades
 Highly Commended - Asia Excluding Japan
Fund objective
To achieve long term capital growth by investing mainly in smaller Asian quoted companies with market capitalisations under US$1,500m at the time of investment, or the equivalent. Asia is deemed to include the Indian subcontinent but excludes Japan and Australasia
Benchmark
  • MSCI AC Asia ex Japan
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
37.1%
1 Year rank in sector
12/15
Sector
IT Asia Pacific excluding Japan Equities
Yield
1.1%
Fund size
£311m
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.
120
Mid price
1005
NAV
?Net asset value. The NAV per share may be higher or lower than the share price, which in turn is trading at either a discount or a premium to NAV.
1143.22
Discount/Premium
?When the market price of an investment trust’s shares is less than the net asset value (NAV) per share then it is trading at a discount to NAV. A trust’s shares are on a premium when they trade at a higher price than the NAV.
-12.09
Gearing
?Investment trusts have the ability to borrow money which they invest with the aim of generating a higher return than the cost of the loan. An ungeared trust has a figure of 100. A figure of 110 would represent a trust with 10% gearing.
100
Top in this sector
Fund name1 Year
JP Morgan Asian IT plc59.6%
Schroder Asia Pacific57.7%
Pacific Horizon IT PLC56.2%
Fd Asn Valu PLC56.1%
Invesco Asia Trust plc51.3%
...more in IT Asia Pacific excluding Japan Equities

Performance snapshot

Holdings snapshot

  • India25.4%
    Money Market15.1%
    Taiwan10.8%
    China10.5%
    Indonesia7.9%
  • Industrials17.8%
    Consumer Staples16.3%
    Money Market15.2%
    Consumer Discretionary13.6%
    Information Technology11.9%
  • Indian Equities25.4%
    Money Market15.1%
    Taiwanese Equities10.8%
    Chinese Equities10.5%
    Indonesian Equities7.9%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.9%5.5%12.5%37.1%36%87.6%
Sector2.8%6.5%16%46.4%50.3%85.4%
Rank within sector11 / 1510 / 1510 / 1512 / 1512 / 158 / 15
Quartile3rd3rd3rd4th4th3rd
Calendar performance
 YTD - 20172016201520142013
Fund10.1%25.3%-8.3%6%5.2%
Sector13.6%28.9%-6.1%11.7%1.3%
Rank within sector11 / 1514 / 1510 / 1514 / 155 / 15
Quartile3rd4th3rd4th2nd
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.
-2.37
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.
0.46
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%.
15.48
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.
8.12
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.
-0.41
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.
0.72
Price movement
52 week high1026
52 week low739.5
Current bid price1006
Current offer price1012
Current mid price1005
Region
1India25.4%
2Money Market15.1%
3Taiwan10.8%
4China10.5%
5Indonesia7.9%
6Philippines6.7%
7Singapore6.5%
8Hong Kong6.3%
9Sri Lanka5.4%
Industry sector
1Industrials17.8%
2Consumer Staples16.3%
3Money Market15.2%
4Consumer Discretionary13.6%
5Information Technology11.9%
6Financials8.1%
7Health Care6.8%
8Utilities6.4%
9Materials6.1%
Asset type
1Indian Equities25.4%
2Money Market15.1%
3Taiwanese Equities10.8%
4Chinese Equities10.5%
5Indonesian Equities7.9%
6Philippine Equities6.7%
7Singapore Equities6.5%
8Hong Kong Equities6.3%
9Asia Pacific Emerging Equities6%
Individual holdings
1TONG REN TANG TECHNOLOGIES CO3.4%
2DELTA ELECTRONICS INC3.2%
3MINTH GROUP2.9%
4TOWNGAS CHINA CO LTD2.7%
5BLUE STAR2.6%
6SKF INDIA2.5%
7SKF INDIA2.5%
8VITASOY INTERNATIONAL HOLDINGS2.5%
9GODREJ INDUSTRIES LTD2.4%
Management
Fund manager group
First State
Fund manager company
First State Investments IT
Fund type
Investment Trust
Fund objective
To achieve long term capital growth by investing mainly in smaller Asian quoted companies with market capitalisations under US$1,500m at the time of investment, or the equivalent. Asia is deemed to include the Indian subcontinent but excludes Japan and Australasia
Benchmark
  • MSCI AC Asia ex Japan
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Martin Lau01/07/2015Martin Lau is a Managing Partner of First State Stewart Asia, part of First State Investments. Martin has more than 20 years of experience in managing Asia Pacific and Greater China portfolios. He joined the FSSA team in April 2002 and is based in Hong Kong. Martin is the lead manager of a number of First State funds: the First State Asian Equity Plus Fund, the First State Asian Bridge Fund, the First State Asia Pacific All Cap Fund, the First State New Era PRC Fund, the First State China Growth Fund, the First State Greater China Growth Fund and the First State Hong Kong Growth Fund. He is also co-manager of the Scottish Oriental Smaller Companies Trust in the UK. Martin graduated from Cambridge University with a Bachelor of Arts degree and a Masters degree in Engineering. He is also a CFA charterholder.
Vinay Agarwal01/07/2016Vinay Agarwal is a Director of First State Stewart Asia (FSSA), part of First State Investments. Vinay has more than 13 years of investment management experience, with a focus on Indian Equities. He joined the FSSA team in July 2011, and is based in Singapore. Vinay is the interim lead manager of the Scottish Oriental Smaller Companies investment trust and lead manager of the First State Indian Subcontinent Fund. He is also responsible for managing a number of Far East Leaders and Indian equity portfolios on behalf of key client segregated accounts. Vinay graduated in 2002 with a management degree with a major in Finance from the Indian Institute of Management Calcutta. He also holds a Bachelor of Commerce (Hons) degree with a major in Accountancy from Calcutta University.
Wee Li Hee01/04/2013Wee-Li Hee is Portfolio Manager in the First State Stewart Asia Pacific Equities team. Wee-Li joined the team in April 2002 as an analyst. In Spring 2007 she was given deputy manager responsibilities for a number of institutional client mandates. Wee-Li graduated from the University of Leeds with a Bachelor of Science (Hons) in Accounting with Information Systems in 2000 and gained a Masters Degree (Law and Accounting) from the London School of Economics and Political Science in 2001. She is also a CFA charterholder.
Compliance
AIC Member, UCIS
Domicile
No data available.
Fund for sale in
United Kingdom
Scottish Oriental Smaller Companies Ord
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1143.22
CurrencyGBX
Price updated23/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNJFZ
Data provided by

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