Fact sheet: Henderson Horizon China

Fund information

Fund name
Henderson Horizon China A2 Acc USD
Fund company manager
Henderson Management SA
Fund type
SIB
Fund manager
Andrew Mattock
since 25/01/2008
Fund objective
The investment objective of the China Fund is to seek long-term capital appreciation through investment in securities listed primarily in China, Hong Kong and Taiwan. The Investment Manager may also invest in companies incorporated elsewhere that have significant assets, business, production, trading activity or other interests in China, Hong Kong or Taiwan. At least two thirds of the total assets of this Fund will be invested in (i) companies having their registered office in China, Hong Kong or Taiwan (ii) companies with their registered office outside China, Hong Kong or Taiwan carrying out their business activities predominantly in China, Hong Kong or Taiwan, or (iii) holding companies, the interests of which are predominantly invested in companies with their registered office in China, Hong Kong or Taiwan. The Fund may invest in China A-Shares, directly through Shanghai-Hong Kong Stock Connect and other eligible exchanges or indirectly through derivative instruments. Exposure to China A-Shares will not be more than 35% of the Fund’s net asset value. The Investment Manager will adopt a broad range of investment strategies using a diversified range of instruments with a view to enhancing the performance of the Fund. Particularly, the Investment Manager will employ an approach to investment decisions using primarily a Fundamental strategy as further described under the Section ‘General Policy applicable to Funds making active use of derivatives and using a Fundamental strategy’ of this Prospectus. The approach will be implemented by using the following instruments in accordance with the Section ‘Investment Restrictions’ of this Prospectus: quoted equity securities, structured notes, options, futures and forwards on stocks, indices, contracts for difference, OTC swaps including equity swaps and asset swaps, equity linked notes and currency forwards. On an ancillary basis, and for defensive purposes, the Fund may also invest in government, government agency and corporate bonds and their associated derivative securities, preferred stock, money market instruments and may hold cash or treasury bills pending reinvestment. The Investment Manager may from time to time consider hedging currency and interest rates exposure, but will not generally enter into contracts involving a speculative position in any currency or interest rate.
Benchmark
MSCI China
Investment style
Growth
Investment method
Shares

Performance snapshot

Quick stats

1 Year return

28.57 %

1 Year rank in sector

-

Sector

FO Equity - Greater China

Yield
-
Fund size

£ 182.4 m

FE Risk score

148

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • China
    73.53%
  • Hong Kong
    25.53%
  • Not Specified
    3.87%
  • Money Market
    -2.94%
  • Internet
    23.32%
  • Insurance
    13.32%
  • Leisure & Hotels
    11.46%
  • Banks
    9.72%
  • Money Market
    7.36%
  • Chinese Equities
    73.53%
  • Hong Kong Equities
    25.53%
  • International Equities
    3.87%
  • Money Market
    -2.94%

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund5.64 %25.04 %27.94 %49.47 %104.39 %
Sector5.29 %20.59 %27.62 %30.78 %64.58 %
Rank within sector / / / / /
Quartile th th th th th th

Calendar performance

YTD-20172016201520142013
Fund39.61 %0.4 %0.27 %8.51 %15.94 %
Sector36.07 %0.69 %-4.99 %4.61 %10.66 %
Rank within sector / / / / /
Quartile th th th th th th

Risk statistics

Alpha4.32
Beta1.02
Sharpe0.49
Volatility19.41
Tracking error5.24
Information ratio0.82
R-Squared0.93

Price movement

52 week high20.97
52 week low14.71
Current bid price0
Current offer price0
Current mid price20.97

Holdings by region

  • 73.53% China
  • 25.53% Hong Kong
  • 3.87% Not Specified
  • -2.94% Money Market

Holdings by sector

  • 23.32% Internet
  • 13.32% Insurance
  • 11.46% Leisure & Hotels
  • 9.72% Banks
  • 7.36% Money Market
  • 5.52% Oil & Gas
  • 5.42% Real Estate
  • 5.26% Automobiles
  • 3.95% Luxury Goods
  • 3.87% Derivatives

Holdings by asset type

  • 73.53% Chinese Equities
  • 25.53% Hong Kong Equities
  • 3.87% International Equities
  • -2.94% Money Market

Individual holdings

  • 10.3% HONG KONG TREASURY BILL 2017
  • 9.36% TENCENT HLDGS LIMITED
  • 8.67% ALIBABA GROUP HLDG LTD
  • 6.11% AIA GROUP LTD
  • 5.41% CHINA CONSTRUCTION BANK
  • 4.49% PING AN INSURANCE(GR)CO OF CHINA
  • 4.32% BANK OF CHINA LTD
  • 3.87% HONG KONG STOCK EXCHANGE HANG SENG CHINA ENTERPRISES INDEX
  • 3.84% SANDS CHINA LTD
  • 3.58% BRILLIANCE CHINA AUTOMOTIVE