Fact sheet: Zurich JPM Japan Equity Pn

Fund information
Fund name
Zurich JPM Japan Equity Pn ZP
Fund manager company
Zurich Assurance Ltd
Fund type
Pension Fund
Fund manager
  • David Mitchinsonsince 17/11/2003
Underlying fund
JPM Life Japan Equity
Fund objective
The JPMorgan Life Japan Equity Fund (the ‘Fund’) is a pooled life fund for pension schemes investing primarily in Japanese equities, which may include smaller companies, either directly or through other funds. The Fund seeks to achieve excess return through stock selection. Normally the Fund only invests in equities issued by companies that are listed in Japan. The Fund is well diversified and under normal circumstances, is fully invested, with cash holdings kept to a minimum.
Benchmark
  • No Specified Index
Investment style
None
Investment method
Shares
Quick stats
1 Year return
28.3%
1 Year rank in sector
142/191
Sector
PN Japan
Yield
-
Fund size
£1m (£1m 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.
130
Top in this sector
Fund name1 Year
FL GM Japnse Eq Pn48.7%
OMW M&G Japan Smaller Cos48.4%
Wesleyan Japanese Sh Pn47.2%
Pru Japan Pn45.1%
Pru FRIA M&G Japan Pn44.4%
...more in PN Japan

Performance snapshot

Holdings snapshot

  • Japan98.8%
    Money Market1.2%
  • Industrials27.1%
    Consumer Goods21.7%
    Financials18%
    Consumer Services8.8%
    Technology7.4%
  • Japanese Equities98.8%
    Money Market1.2%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.4%4.1%3.8%28.3%63.2%87.7%
Sector-0.5%3.2%8.4%31%67.1%83.8%
Rank within sector24 / 19741 / 197182 / 193142 / 191148 / 18156 / 172
Quartile1st1st4th3rd4th2nd
Calendar performance
 YTD - 20172016201520142013
Fund4.7%20.3%16.2%-2.2%32.6%
Sector3.9%23.8%15.7%1.5%26.2%
Rank within sector36 / 197164 / 19067 / 188162 / 18125 / 178
Quartile1st4th2nd4th1st
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.
-1.13
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.
0.88
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%.
13.43
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.
4.76
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.
-0.24
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.
0.87
Price movement
52 week high255.7
52 week low189.2
Current bid price-
Current offer price-
Current mid price249.6
Region
1Japan98.8%
2Money Market1.2%
Industry sector
1Industrials27.1%
2Consumer Goods21.7%
3Financials18%
4Consumer Services8.8%
5Technology7.4%
6Telecommunications7.3%
7Basic Materials4.9%
8Health Care3.6%
9Money Market1.2%
Asset type
1Japanese Equities98.8%
2Money Market1.2%
Individual holdings
1MITSUBISHI UFJ FINANCIAL GROUP5.2%
2SUMITOMO MITSUI FINANCIAL GROUP INC4.1%
3SOFTBANK GROUP CORP3.5%
4KEYENCE CORP3.4%
5FUJI HEAVY INDUSTRIES3.3%
6TOKYO ELECTRON3.3%
7NIDEC3.1%
8SHIN-ETSU CHEMICAL CO2.9%
9ORIX CORP2.8%
Management
Fund manager group
Zurich
Fund manager company
Zurich Assurance Ltd
Fund type
Pension Fund
Fund objective
The JPMorgan Life Japan Equity Fund (the ‘Fund’) is a pooled life fund for pension schemes investing primarily in Japanese equities, which may include smaller companies, either directly or through other funds. The Fund seeks to achieve excess return through stock selection. Normally the Fund only invests in equities issued by companies that are listed in Japan. The Fund is well diversified and under normal circumstances, is fully invested, with cash holdings kept to a minimum.
Benchmark
  • No Specified Index
Investment style
None
Investment method
Shares
Fund manager
NameSinceBiography
David Mitchinson17/11/2003David Mitchinson, vice president, is a Japan specialist within the Pacific Regional Group based in Hong Kong and a member of the JF Japan Team. He joined the firm in 2004 and transferred from Tokyo to Hong Kong in 2010. Previously, he spent six years at Framlington Investment Management initially as an Asian equity analyst, and for the last three years as a Japanese equities fund manager. He was also responsible for Japan elements of International Growth, EAFE, Pension and Sector funds (Financial and Technology). David obtained a B.A. in economics from Cambridge University and is also a CFA charterholder.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
Zurich JPM Japan Equity Pn Inet
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price217.9
Offer price217.9
Mid price-
CurrencyGBX
Price updated23/03/2017
Type-
Institutional or retail classRetail
Domicile-
Citi codeZ290
Zurich JPM Japan Equity Pn ZP
Initial charge-
Annual charge0.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.5%
Bid price-
Offer price-
Mid price249.6
CurrencyGBX
Price updated23/03/2017
Type-
Institutional or retail classRetail
Domicile-
Citi codeZL16
Data provided by

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