Fact sheet: Invesco Perp Hong Kong&China

Fund information
Fund name
Invesco Perpetual Hong Kong & China Z Acc
Fund manager company
Invesco Perpetual Fund Mgrs
Fund type
OEIC
Fund managers
  • Lorraine Kuosince 31/05/2012
  • Mike Shiaosince 31/05/2012
Fund objective
The objective of the fund is to achieve capital growth. The fund invests primarily in shares of companies with exposure to the economies of Hong Kong and China. The fund may use derivatives (complex instruments) to manage the fund more efficiently, with the aim of reducing risk, minimising costs and/or generating additional capital or income. The fund is actively managed within its objectives and is not constrained by a benchmark.
Benchmark
  • IA China/Greater China
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
27.6%
1 Year rank in sector
6/11
Sector
UT China/Greater China
Yield
0.9%
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.
0.94%
Fund size
£360m (£317m 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.
132
Mid price
468.25
Top in this sector
Fund name1 Year
Baillie Gifford Greater China33.2%
Janus Henderson ChOpp32.6%
Old Mutual Hend China opps32.5%
Legg Mason IFMCChi28%
Threadneedle China Opps27.8%
...more in UT China/Greater China

Performance snapshot

Holdings snapshot

  • China47.2%
    Hong Kong44.4%
    Taiwan6.5%
    Money Market2%
  • Information Technology28.1%
    Consumer Discretionary20.9%
    Industrials12.1%
    Consumer Staples9.6%
    Materials8.3%
  • Chinese Equities47.2%
    Hong Kong Equities44.4%
    Taiwanese Equities6.5%
    Money Market2%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-2.3%-1%6.8%27.6%62.1%105.3%
Sector-4%-1.5%9.1%25.9%60.9%82.9%
Rank within sector1 / 126 / 1212 / 126 / 115 / 115 / 10
Quartile1st2nd4th3rd2nd2nd
Calendar performance
 YTD - 20182017201620152014
Fund-0.1%36.1%17.8%5%6.2%
Sector0.3%36.5%20.5%1.3%5.9%
Rank within sector8 / 128 / 119 / 112 / 119 / 11
Quartile3rd3rd4th1st4th
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.
2.52
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.
0.88
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%.
16.48
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.
6.14
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.
0.07
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.
0.88
Price movement
52 week high487.55
52 week low362.91
Current bid price-
Current offer price-
Current mid price468.25
Region
1China47.23%
2Hong Kong44.36%
3Taiwan6.45%
4Money Market1.96%
Industry sector
1Information Technology28.07%
2Consumer Discretionary20.92%
3Industrials12.14%
4Consumer Staples9.56%
5Materials8.32%
6Telecommunications Utilities8.27%
7Utilities4.02%
8Health Care3.87%
9Financials2.87%
Asset type
1Chinese Equities47.23%
2Hong Kong Equities44.36%
3Taiwanese Equities6.45%
4Money Market1.96%
Individual holdings
1ALIBABA GROUP HLDG LTD9.71%
2TENCENT HLDGS LIMITED9.5%
3CHINA MOBILE LTD7.14%
4SUN ART RETAIL GROUP LIMITED4.28%
5VIPSHOP3.65%
6ZHUZHOU CRRC TIMES ELECTRIC CO LTD3.12%
7CHINA MERCHANTS BANK CO LTD2.9%
8AIA GROUP LTD2.87%
9CTRIP.COM INTERNATIONAL2.85%
Management
Fund manager group
Invesco Perpetual
Fund manager company
Invesco Perpetual Fund Mgrs
Fund type
OEIC
Fund objective
The objective of the fund is to achieve capital growth. The fund invests primarily in shares of companies with exposure to the economies of Hong Kong and China. The fund may use derivatives (complex instruments) to manage the fund more efficiently, with the aim of reducing risk, minimising costs and/or generating additional capital or income. The fund is actively managed within its objectives and is not constrained by a benchmark.
Benchmark
  • IA China/Greater China
Investment style
Growth
Investment method
Shares
Fund managers
NameSinceBiography
Lorraine Kuo31/05/2012Lorraine Kuo joined Invesco in September 2011 as a fund manager. She is responsible for stock research and analysis in the Greater China markets. Previously, Lorraine spent six years as a sell-side analyst in Deutsche Bank, covering chemical and cement sectors in Taiwan from 2004 to 2008 and the technology sector in China during 2010-2011. Lorraine was an investment analyst with Manulife Asset Management (HK) Ltd between 2008 and 2010 where she was responsible for stock research and recommendations for the Taiwanese and Korean markets. She also had experience in the banking industry and worked as a credit analyst at Credit Lyonnais Taipei for two years.
Mike Shiao31/05/2012Mike Shiao has 24 years of investment experience. He joined Invesco in 2002. In April 2015, he became Chief Investment Officer, Greater China, leading the Greater China equities team. He was appointed as Chief Investment Officer, Asia ex Japan, in April 2016.Mike has been the lead manager of the Greater China equity portfolios since 2008, and became the lead manager of the Asia opportunities equity portfolios in July 2014. He is also responsible for Hong Kong & China portfolios and institutional portfolios investing in Hong Kong/China. Mike was previously Head of Equities for Invesco Taiwan Ltd.He moved to Invesco Hong Kong Ltd to expand his coverage to Greater China markets in 2006. Mike started his investment career in 1992 at Grand Regent Investment Ltd., where he worked for six years as a project manager supervising venture capital investments in Taiwan and China. In 1997, he joined Overseas Credit and Securities Inc. as a senior analyst covering Taiwan technology sector. Mike also worked at Taiwan International Investment Management Co., as a fund manager and was responsible for technology sector research.Mike holds a Bachelor’s degree from National Chung Hsing University, Taiwan and a Master of Science degree in Finance from Drexel University, Philadelphia.
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
Invesco Perpetual Hong Kong & China Acc
Initial charge5%
Annual charge-
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.69%
Total expense ratio (TER)1.69%
Bid price-
Offer price-
Mid price749.12
CurrencyGBX
Price updated20/02/2018
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeBR23
Invesco Perpetual Hong Kong & China No Trail Acc
Initial charge5%
Annual charge-
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.19%
Total expense ratio (TER)1.19%
Bid price-
Offer price-
Mid price300.51
CurrencyGBX
Price updated20/02/2018
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFCV4
Invesco Perpetual Hong Kong & China Y Acc
Initial charge5%
Annual charge-
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)0.89%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price374.48
CurrencyGBX
Price updated20/02/2018
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeK62X
Invesco Perpetual Hong Kong & China Z Acc
Initial charge5%
Annual charge-
Min single investment£500
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)0.94%
Total expense ratio (TER)0.94%
Bid price-
Offer price-
Mid price468.25
CurrencyGBX
Price updated20/02/2018
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeGUVK
Data provided by

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