Fact sheet: StanLife Inv Chn Eqs

Fund information
Fund name
Standard Life Investments China Equities A USD
Fund manager company
Standard Life Investments GS
Fund type
Offshore Fund
Fund managers
  • Magdalene Millersince 29/04/2009
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
26.1%
1 Year rank in sector
15/31
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.
1.99%
Fund size
£142m (£121m 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.
144
Top in this sector
Fund name1 Year
Matthews Asia China46.6%
Pictet China Index44.5%
Jul Baer Mlstck China Evoltn40%
Allianz China Eq39%
Aberdeen Gbl Chinese Equity38.1%
...more in FO Equity - China

Performance snapshot

Holdings snapshot

  • China97.7%
    Money Market2.3%
  • Information Technology25.3%
    Financials22.4%
    Consumer Discretionary17.8%
    Telecommunications Utilities8.9%
    Industrials8.5%
  • Chinese Equities97.7%
    Money Market2.3%

Fund also available on these pension platforms:

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund2.4%5.8%3.8%26.1%5.1%28.2%
Sector3.9%4.6%6.2%25.6%19.8%31.8%
Rank within sector26 / 3215 / 3224 / 3215 / 3122 / 2614 / 24
Quartile4th2nd3rd2nd4th3rd
Calendar performance
 YTD - 20172016201520142013
Fund9.5%0.6%-9.6%3.7%23.2%
Sector9.2%-2.1%0.9%8.4%11.5%
Rank within sector17 / 3210 / 3125 / 2615 / 266 / 26
Quartile3rd2nd4th3rd1st
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.
-3.76
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
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%.
20.11
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.
6
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.
-0.68
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.
0.92
Price movement
52 week high46.89
52 week low36.05
Current bid price-
Current offer price-
Current mid price46.15
Region
1China97.7%
2Money Market2.3%
Industry sector
1Information Technology25.3%
2Financials22.4%
3Consumer Discretionary17.8%
4Telecommunications Utilities8.9%
5Industrials8.5%
6Energy4.9%
7Consumer Staples4.2%
8Health Care3.8%
9Money Market2.3%
Asset type
1Chinese Equities97.7%
2Money Market2.3%
Individual holdings
1TENCENT HLDGS LTD9.8%
2ALIBABA GROUP HLDG LTD9.4%
3BAIDU.COM6.2%
4CHINA MOBILE LTD6.2%
5CHINA CONSTRUCTION BANK4.5%
6INDUSTRIAL & COM BK CHNA4.1%
7PING AN INSURANCE(GR)CO OF CHINA4%
8CTRIP COM INTERNATIONAL3.7%
9CHINA PETROLEUM & CHEMICAL CORP3.3%
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 Miller29/04/2009Magdalene 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 price14.8597
CurrencyEUR
Price updated27/02/2017
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 price330.0617
CurrencyHKD
Price updated15/12/2016
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 price46.1545
CurrencyUSD
Price updated27/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeEJB1
Standard Life Investments China Equities A Ungedged 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 price17.2604
CurrencyGBP
Price updated27/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJ1Y6
Standard Life Investments China Equities A Ungedged 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 price12.2278
CurrencyGBP
Price updated27/02/2017
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 price15.2313
CurrencyGBP
Price updated27/02/2017
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 price374.8707
CurrencyHKD
Price updated15/12/2016
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 price52.5194
CurrencyUSD
Price updated27/02/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeEIY3
Standard Life Investments China Equities Z HKD
Initial charge5%
Annual charge-
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.15%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price401.9647
CurrencyHKD
Price updated15/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeEPW8
Data provided by

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