Fact sheet: First State GtrChina Gth

Fund information
Fund name
First State Greater China Growth B GBP Acc
Fund manager company
First State Investments UK Ltd
Fund type
OEIC
Fund managers
  • Martin Lausince 01/12/2003
  • Sophia Lisince 31/07/2012
Fund objective
The Fund aims to grow your investment. The Fund invests in shares of companies that are based in or have significant operations in China, Hong Kong or Taiwan.
Benchmark
  • MSCI Golden Dragon Index
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
32.4%
1 Year rank in sector
10/11
Sector
UT China/Greater China
Yield
1%
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.
1.08%
Fund size
£472m (£477m 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.
129
Mid price
924.44
Top in this sector
Fund name1 Year
Baillie Gifford Greater China53%
Legg Mason IFMCChi42.2%
Threadneedle China Opps40%
Henderson China Oppos39.6%
Old Mutual Hend China opps38.6%
...more in UT China/Greater China

Performance snapshot

Holdings snapshot

  • China60.8%
    Taiwan24%
    Hong Kong15.1%
    Money Market0.1%
  • Information Technology31.3%
    Consumer Discretionary21.6%
    Health Care11.4%
    Industrials8.9%
    Financials8.2%
  • Chinese Equities50.1%
    Taiwanese Equities24%
    Hong Kong Equities18.9%
    Singapore Equities4.4%
    US Equities2.5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund4.6%12.7%22.4%32.4%72.5%115%
Sector3.6%10.8%24.3%36.7%74.2%116.7%
Rank within sector3 / 123 / 128 / 1210 / 117 / 117 / 10
Quartile1st1st3rd4th3rd3rd
Calendar performance
 YTD - 20172016201520142013
Fund32%23.3%3.9%7.5%12.7%
Sector38.9%20.5%1.3%5.9%13.9%
Rank within sector10 / 113 / 115 / 118 / 118 / 10
Quartile4th2nd2nd3rd4th
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.
2.74
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.
0.87
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.
0.94
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%.
16.24
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.
5.18
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.
0.12
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.
0.91
Price movement
52 week high937.18
52 week low686.07
Current bid price-
Current offer price-
Current mid price924.44
Region
1China60.8%
2Taiwan24%
3Hong Kong15.1%
4Money Market0.1%
Industry sector
1Information Technology31.3%
2Consumer Discretionary21.6%
3Health Care11.4%
4Industrials8.9%
5Financials8.2%
6Consumer Staples7.3%
7Utilities6.6%
8Real Estate3.8%
9Materials0.7%
Asset type
1Chinese Equities50.1%
2Taiwanese Equities24%
3Hong Kong Equities18.9%
4Singapore Equities4.4%
5US Equities2.5%
6Money Market0.1%
Individual holdings
1TAIWAN SEMICONDUCTOR MANUFACTURING7.1%
2TENCENT HLDGS LIMITED6.1%
3AAC TECHNOLOGIES HLDGS INC3.8%
4TOWNGAS CHINA CO LTD3.7%
5CSPC PHARMACEUTICAL GROUP LTD3.4%
6GREE ELECTRICAL APP INC OF ZHUHAI3.3%
7ENN ENERGY HLDGS LTD3%
8MINTH GROUP3%
9SINBON ELECTRONICS CO3%
Management
Fund manager group
First State
Fund manager company
First State Investments UK Ltd
Fund type
OEIC
Fund objective
The Fund aims to grow your investment. The Fund invests in shares of companies that are based in or have significant operations in China, Hong Kong or Taiwan.
Benchmark
  • MSCI Golden Dragon Index
Investment style
Growth
Investment method
Shares
Fund managers
NameSinceBiography
Martin Lau01/12/2003Martin Lau is a Managing Partner of First State Stewart Asia, part of First State Investments. Martin has more than 20 years of experience in managing Asia Pacific and Greater China portfolios. He joined the FSSA team in April 2002 and is based in Hong Kong. Martin is the lead manager of a number of First State funds: the First State Asian Equity Plus Fund, the First State Asian Bridge Fund, the First State Asia Pacific All Cap Fund, the First State New Era PRC Fund, the First State China Growth Fund, the First State Greater China Growth Fund and the First State Hong Kong Growth Fund. He is also co-manager of the Scottish Oriental Smaller Companies Trust in the UK. Martin graduated from Cambridge University with a Bachelor of Arts degree and a Masters degree in Engineering. He is also a CFA charterholder.
Sophia Li31/07/2012Sophia Li is an Analyst in the Asia Pacific/Global Emerging Markets team at First State Investments (‘FSI’). Sophia joined FSI’s Asia Pacific/Global Emerging Market team in August 2009 and provides research support to portfolio managers, with a focus on Greater China. She graduated from Harvard University with an MA in statistics in 2009 and from Fudan University, China with a BSc in statistics in 2007. Sophia has passed the 3 levels of the CFA exams as well as the 2 levels of the CAIA (Chartered Alternative Investment Analyst) exams.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Switzerland, Germany, France, United Kingdom, Ireland, Italy, Netherlands, Sweden
First State Greater China Growth A EUR Acc
Initial charge-
Annual charge1.75%
Min single investment£1,000
Min regular saving£500
Available in ISAYes
Ongoing charge (OCF)1.87%
Total expense ratio (TER)1.83%
Bid price-
Offer price-
Mid price271.47
CurrencyEUX
Price updated20/11/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeBTG3
First State Greater China Growth A EUR Acc GBP
Initial charge-
Annual charge1.75%
Min single investment£1,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)1.87%
Total expense ratio (TER)1.83%
Bid price-
Offer price-
Mid price110.48
CurrencyGBX
Price updated23/11/2010
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJOG6
First State Greater China Growth A GBP Acc
Initial charge-
Annual charge1.75%
Min single investment£1,000
Min regular saving£500
Available in ISAYes
Ongoing charge (OCF)1.84%
Total expense ratio (TER)1.82%
Bid price-
Offer price-
Mid price842.54
CurrencyGBX
Price updated20/11/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeQI56
First State Greater China Growth A GBP Acc EUR
Initial charge-
Annual charge1.75%
Min single investment£1,000
Min regular saving£500
Available in ISAYes
Ongoing charge (OCF)1.84%
Total expense ratio (TER)1.82%
Bid price-
Offer price-
Mid price468.46
CurrencyEUX
Price updated25/02/2013
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJOG5
First State Greater China Growth B EUR Acc
Initial charge-
Annual charge1%
Min single investment£500,000
Min regular saving£50,000
Available in ISANo
Ongoing charge (OCF)1.05%
Total expense ratio (TER)1.04%
Bid price-
Offer price-
Mid price220.12
CurrencyEUX
Price updated20/11/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeM3D7
First State Greater China Growth B GBP Acc
Initial charge-
Annual charge1%
Min single investment£500,000
Min regular saving£50,000
Available in ISAYes
Ongoing charge (OCF)1.08%
Total expense ratio (TER)1.07%
Bid price-
Offer price-
Mid price924.44
CurrencyGBX
Price updated20/11/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeQI57
First State Greater China Growth B GBP Acc EUR
Initial charge-
Annual charge1%
Min single investment£500,000
Min regular saving£50,000
Available in ISAYes
Ongoing charge (OCF)1.08%
Total expense ratio (TER)1.07%
Bid price-
Offer price-
Mid price479.53
CurrencyEUX
Price updated23/11/2010
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeJOG7
Data provided by

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