Fact sheet: ReAssure AL Hnd Hrz ChnPn

Fund information
Fund name
ReAssure AL Henderson Horizon China Pn PPBR
Fund manager company
ReAssure Limited
Fund type
Pension Fund
Fund managers
  • May Ling Weesince 01/10/2015
  • Charlie Awdrysince 09/02/2015
Underlying fund
Janus Henderson Hrzn Chn
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
  • No Specified Index
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
25.5%
1 Year rank in sector
4/259
Sector
PN Global Emerging Markets Equities
Yield
-
Fund size
£1m (£0m 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.
131
Bid price
6.222
Offer price
6.55
Top in this sector
Fund name1 Year
SIP Henderson China Opps Pn26.7%
L&G Henderson China Opps Pn26.5%
OMW OM Henderson Chn Opps25.8%
ReAssure AL Hnd Hrz ChnPn25.5%
Royal London Henson Chn Opp Pn25.2%
...more in PN Global Emerging Markets Equities

Performance snapshot

Holdings snapshot

  • China88.6%
    Hong Kong11.2%
    Money Market0.2%
  • Internet24.6%
    Banks14.7%
    Insurance8.1%
    Oil & Gas7.4%
    Luxury Goods6.9%
  • Chinese Equities90.1%
    Hong Kong Equities8.4%
    Money Market3.1%
    Others-1.6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-2.6%-7.9%2.5%25.5%39.3%111.6%
Sector-1.6%-6.5%-2%8.5%27.3%36%
Rank within sector198 / 260201 / 2607 / 2604 / 25922 / 2419 / 199
Quartile4th4th1st1st1st1st
Calendar performance
 YTD - 20182017201620152014
Fund-1.8%40.3%22%2.9%12.9%
Sector-3.8%22.3%31.9%-8.5%3%
Rank within sector38 / 2607 / 259225 / 24823 / 23717 / 209
Quartile1st1st4th1st1st
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.
3.95
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.
1.12
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.
0.59
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%.
19.9
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.
9.63
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.
0.47
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.
0.77
Price movement
52 week high6.86
52 week low4.94
Current bid price6.22
Current offer price6.55
Current mid price-
Region
1China88.6%
2Hong Kong11.18%
3Money Market0.22%
Industry sector
1Internet24.59%
2Banks14.7%
3Insurance8.13%
4Oil & Gas7.43%
5Luxury Goods6.9%
6Electronic & Electrical Equipment4.73%
7Mineral Extraction4.5%
8Real Estate3.84%
9Leisure & Hotels3.64%
Asset type
1Chinese Equities90.11%
2Hong Kong Equities8.43%
3Money Market3.07%
4Others-1.6%
Individual holdings
1ALIBABA GROUP HLDG LTD9.62%
2TENCENT HLDGS LIMITED8.84%
3AIA GROUP LTD8.3%
4CHINA CONSTRUCTION BANK8.29%
5HANGZHOU HIKVISION DIGITAL TECH CO4.73%
6INDUSTRIAL & COM BK CHINA4.38%
7CNOOC4.3%
8CHINA OVERSEAS LAND & INVESTMNTS3.84%
9LI NING CO LTD3.22%
Management
Fund manager group
ReAssure Limited
Fund manager company
ReAssure Limited
Fund type
Pension Fund
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
  • No Specified Index
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
May Ling Wee01/10/2015May Ling Wee is an Investment Manager at Janus Henderson Investors, a position she has held since joining Henderson in 2015. Previously, May Ling was a portfolio manager with Lloyd George Management in Hong Kong, managing Greater China and Hong Kong equities. Prior to that, she was an investment analyst with Deutsche Bank, Hong Kong. She began her investment career as a research analyst in Dresdner Kleinwort Wasserstein Securities, Singapore and subsequently Hong Kong. May Ling holds a B Com (economics and finance) from the University of New South Wales, Sydney. She holds the Chartered Financial Analyst designation and has 20 years of financial industry experience.
Charlie Awdry09/02/2015Charlie Awdry is Investment Manager for the Janus Henderson Chinese Equities strategy, a position he has held since 2011. Charlie was part of Henderson’s acquisition of Gartmore in 2011 and had been with Gartmore since 2001. After a period of working in Hong Kong from 2005 to 2006, he returned to London and became the China fund manager at Gartmore in 2006. Charlie graduated with honours, first class from the University of Bristol with a bachelor’s degree in geography. He holds the Chartered Financial Analyst designation and has 17 years of financial industry experience and more than a decade of experience as lead manager of China equities portfolios.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
ReAssure AL Henderson Horizon China Pn PPB
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price6.062
Offer price6.381
Mid price-
CurrencyGBP
Price updated25/04/2018
Type-
Institutional or retail classRetail
Domicile-
Citi codeUS47
ReAssure AL Henderson Horizon China Pn PPBR
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price6.222
Offer price6.55
Mid price-
CurrencyGBP
Price updated25/04/2018
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeB6E9
Data provided by

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