Fact sheet: Veritas China

Fund information
Fund name
Veritas China B GBP
Fund manager company
Veritas Asset Mgmt LLP
Fund type
No data available.
Fund manager
  • Ezra Sunsince 01/10/2009
Fund objective
The Fund is designed for long-term investors who wish to build capital over a number of years, regardless of market conditions, by taking long and short positions primarily in equities or equity related derivative contracts of companies located in China (People’s Republic of China and its Specials Administrative Regions, Hong Kong and Macau) or companies that are not located in China but derive a majority (over 50%) of their income from China.
Benchmark
  • No Specified Index
Investment style
Long/Short
Investment method
Equity
Quick stats
1 Year return
-16.6%
1 Year rank in sector
106/109
Sector
FO Hedge/Stru Prod - Equity
Yield
-
Fund size
£21m (£99m 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.
80
Top in this sector
Fund name1 Year
Majedie Tortoise28.4%
MontLake ToscaMiCaUCITS27.8%
DNB ECO Abs Rt25.9%
Stratton Street Japan Syn Warrant21%
Income Partners AllSeasnAsCred19.5%
...more in FO Hedge/Stru Prod - Equity

Performance snapshot

Holdings snapshot

  • China50.9%
    USA15.7%
    Hong Kong7%
    Taiwan2.9%
  • Consumer Discretionary31.8%
    Information Technology21.1%
    Industrials10.5%
    Financials9.2%
    Materials8.2%
  • Chinese Equities50.9%
    US Equities15.7%
    Hong Kong Equities7%
    Taiwanese Equities2.9%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-3.8%-6.6%-3.2%-16.6%-7.6%22.8%
Sector0.6%-0.1%0.5%-2.2%3.5%14.6%
Rank within sector116 / 118121 / 12796 / 121106 / 10968 / 7320 / 50
Quartile4th4th4th4th4th2nd
Calendar performance
 YTD - 20162015201420132012
Fund-17%8.4%-0.6%22.5%14.4%
Sector-1.9%2.7%2.5%7.1%3.9%
Rank within sector108 / 11021 / 9460 / 7511 / 6710 / 52
Quartile4th1st4th1st1st
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.
-3.5
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.
1.96
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.
-0.01
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%.
13.58
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.
12.36
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.
-0.26
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.
0.22
Price movement
52 week high146.32
52 week low117.79
Current bid price-
Current offer price-
Current mid price119.87
Region
1China50.9%
2USA15.7%
3Hong Kong7%
4Taiwan2.9%
Industry sector
1Consumer Discretionary31.8%
2Information Technology21.1%
3Industrials10.5%
4Financials9.2%
5Materials8.2%
6Telecommunications Utilities4.5%
7Health Care3.9%
8Real Estate3.5%
9Energy-2.7%
Asset type
1Chinese Equities50.9%
2US Equities15.7%
3Hong Kong Equities7%
4Taiwanese Equities2.9%
Individual holdings
1TSRC CORP8.2%
2SAMSONITE AG7.5%
3CTRIP COM INTERNATIONAL6.3%
4TAL EDUCATION GROUP5.9%
5AAC TECHNOLOGIES HLDGS INC5.5%
6HANGZHOU HIKVISION DIGITAL TECH CO5.2%
7DAH SING BANKING GROUP4.9%
8MOMO INC4.6%
9HKT TRUST AND HKT LTD SHARE STAPLED UNIT4.5%
Management
Fund manager group
Veritas
Fund manager company
Veritas Asset Mgmt LLP
Fund type
No data available.
Fund objective
The Fund is designed for long-term investors who wish to build capital over a number of years, regardless of market conditions, by taking long and short positions primarily in equities or equity related derivative contracts of companies located in China (People’s Republic of China and its Specials Administrative Regions, Hong Kong and Macau) or companies that are not located in China but derive a majority (over 50%) of their income from China.
Benchmark
  • No Specified Index
Investment style
Long/Short
Investment method
Equity
Fund manager
NameSinceBiography
Ezra Sun01/10/2009Ezra Sun is Partner, Fund Manager and Head of Asia of Veritas Asset Management LLP. He manages the Veritas Asian Fund, Real Return Asian Fund and Veritas China Fund. He joined the company in 2004. He was Director of Investment Management and Investment Leader Asia Newton Investment Management during 1995-2004 and was in charge of Newton’s Asia Pacific fund range including Newton Oriental Fund and Mellon Asia Equity Fund. He has done his BA, MA from Nankai University, China and is a Research Student from Cambridge University.
Compliance
Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Switzerland, United Kingdom, Ireland, Offshore
Veritas China A EUR
Initial charge-
Annual charge1%
Min single investment£50,000
Min regular saving£25,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price116.0797
CurrencyEUR
Price updated08/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeHSJ2
Veritas China A GBP
Initial charge-
Annual charge1%
Min single investment£30,000
Min regular saving£15,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.33%
Bid price-
Offer price-
Mid price124.2179
CurrencyGBP
Price updated08/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeHSJ3
Veritas China A USD
Initial charge1%
Annual charge1%
Min single investment£50,000
Min regular saving£25,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price120.2394
CurrencyUSD
Price updated08/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeHSJ1
Veritas China B EUR
Initial charge-
Annual charge1.5%
Min single investment£15,000
Min regular saving£15,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price163.9137
CurrencyEUR
Price updated22/09/2015
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeHSJ5
Veritas China B GBP
Initial charge-
Annual charge1.5%
Min single investment£7,000
Min regular saving£7,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.84%
Bid price-
Offer price-
Mid price119.8655
CurrencyGBP
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeHSJ6
Veritas China B USD
Initial charge1.5%
Annual charge1.5%
Min single investment£15,000
Min regular saving£15,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price121.1333
CurrencyUSD
Price updated10/01/2013
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeHSJ4
Data provided by

The Content is only for your general information and use and is not intended to address your particular requirements. The Content does not constitute any form of advice, recommendation or arrangement by Moneywise and is not intended to be relied upon by you in making (or refraining from making) any specific investment or other decisions. Appropriate independent advice should be obtained before making any such decision.

This information is sourced from our partner Financial Express. We believe the data to be correct however you should take care in using any information.

You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.