Fact sheet: StanLife Inv Chn Eqs

Fund information
Fund name
Standard Life Investments China Equities A EUR
Fund manager company
Standard Life Investments GS
Fund type
Offshore Fund
Fund managers
  • Magdalene Millersince 30/04/2009
Fund objective
The fund aims to provide long term growth and is designed for investors who are looking for exposure to the Chinese equity market. The fund invests predominantly in the shares of companies listed on the Hong Kong stock market and B-shares listed on the Shenzhen or Shanghai stock market. It does not invest in A-shares, but may invest in companies with Variable Interest Entity (VIE) structures to gain exposure to industries with foreign ownership restrictions. The fund is actively managed by our investment team, who will select stocks to try to take advantage of opportunities they have identified.
Benchmark
  • MSCI China
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
13.2%
1 Year rank in sector
-
Sector
FO Equity - China
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.
2%
Fund size
£143m (£149m 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
Top in this sector
Fund name1 Year
Matthews Asia China33.4%
Pictet China Index31.7%
Allianz China Eq31%
JGF-Jupiter China Select27.6%
Aberdeen Gbl Chinese Equity26.3%
...more in FO Equity - China

Performance snapshot

Holdings snapshot

  • China97.4%
    Money Market2.6%
  • Information Technology25.2%
    Financials23.4%
    Consumer Discretionary17.3%
    Telecommunications Utilities11.3%
    Industrials7.6%
  • Chinese Equities97.4%
    Money Market2.6%

Fund also available on these pension platforms:

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund4.1%18.5%16.3%13.2%33%74.4%
Sector2.8%15%14.6%12.8%19.4%47.4%
Rank within sector------
Quartile
Calendar performance
 YTD - 20162015201420132012
Fund6.5%0.7%17.9%18%14.3%
Sector3.5%0.9%8.4%11.5%13.5%
Rank within sector-----
Quartile
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.
4.49
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.
0.88
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.
0.38
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%.
19.63
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.
7.86
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.
0.45
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.
0.85
Price movement
52 week high14.12
52 week low10.33
Current bid price-
Current offer price-
Current mid price13.99
Region
1China97.4%
2Money Market2.6%
Industry sector
1Information Technology25.2%
2Financials23.4%
3Consumer Discretionary17.3%
4Telecommunications Utilities11.3%
5Industrials7.6%
6Energy5.6%
7Health Care4.3%
8Consumer Staples2.7%
9Money Market2.6%
Asset type
1Chinese Equities97.4%
2Money Market2.6%
Individual holdings
1ALIBABA GROUP HLDG LTD9.7%
2TENCENT HLDGS LIMITED9.6%
3CHINA MOBILE LTD8%
4BAIDU.COM4.9%
5PING AN INSURANCE(GR)CO OF CHINA4.9%
6CHINA CONSTRUCTION BANK4.8%
7INDUSTRIAL & COM BK CHNA4.2%
8CHINA PETROLEUM & CHEMICAL CORP4.1%
9BANK OF CHINA LTD3.2%
Management
Fund manager group
Standard Life Investments
Fund manager company
Standard Life Investments GS
Fund type
Offshore Fund
Fund objective
The fund aims to provide long term growth and is designed for investors who are looking for exposure to the Chinese equity market. The fund invests predominantly in the shares of companies listed on the Hong Kong stock market and B-shares listed on the Shenzhen or Shanghai stock market. It does not invest in A-shares, but may invest in companies with Variable Interest Entity (VIE) structures to gain exposure to industries with foreign ownership restrictions. The fund is actively managed by our investment team, who will select stocks to try to take advantage of opportunities they have identified.
Benchmark
  • MSCI China
Investment style
Growth
Investment method
Shares
Fund managers
NameSinceBiography
Magdalene Miller30/04/2009Magdalene came to the UK to further her studies and earned an MA in Finance and Investments from the University of Exeter in 1986. In 1993 she started working for Scottish Mutual running their Far Eastern portfolios. She joined Standard Life in September 1995 as Far East Investment Manager in charge of retail funds. Magdalene is fluent in Cantonese and Mandarin and has travelled extensively in Asia. She Appointed Manager of the Asian Pacific Growth Fund in 2005.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Distributor Status, IA Recognised, Reporting Fund Status, UCITS IV Compliant, UCITS V Compliant
Domicile
No data available.
Fund for sale in
Switzerland, Germany, United Kingdom, Hong Kong, Luxembourg, Offshore
Standard Life Investments China Equities A EUR
Initial charge5%
Annual charge1.8%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price13.9883
CurrencyEUR
Price updated28/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNIA4
Standard Life Investments China Equities A HKD
Initial charge-
Annual charge1.8%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price356.7449
CurrencyHKD
Price updated28/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeI268
Standard Life Investments China Equities A USD
Initial charge5%
Annual charge1.8%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.99%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price46.0058
CurrencyUSD
Price updated28/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeEJB1
Standard Life Investments China Equities AGU GBP
Initial charge5%
Annual charge1.8%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.99%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price16.4051
CurrencyGBP
Price updated28/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJ1Y6
Standard Life Investments China Equities AGU USD
Initial charge5%
Annual charge1.8%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.99%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price19.39
CurrencyUSD
Price updated19/04/2011
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeIHL5
Standard Life Investments China Equities B Unhedged GBP
Initial charge5%
Annual charge0.95%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.15%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price11.5759
CurrencyGBP
Price updated28/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeEA7X
Standard Life Investments China Equities D GBP
Initial charge5%
Annual charge0.9%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.06%
Total expense ratio (TER)1.05%
Bid price-
Offer price-
Mid price14.4272
CurrencyGBP
Price updated28/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeAAIG
Standard Life Investments China Equities D HKD
Initial charge-
Annual charge1%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price404.3611
CurrencyHKD
Price updated28/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeEPW7
Standard Life Investments China Equities D USD
Initial charge5%
Annual charge0.9%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.05%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price52.1464
CurrencyUSD
Price updated28/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeEIY3
Data provided by

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