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Contact details

ManagerGroupLogo
3rd Floor, 30, Cannon Street, London, EC4M 6YQ
0207 332 6501 (Fax Number)
0207 332 6500 (Main Number)

enquiries@firststate.co.uk

Fund managers

* Martin Lau01-Dec-2003 to Present
    view
* Sophia Li» 01-Aug-2012 to Present
Seck Yee Hou» 01-Jun-2011 to 31-Jul-2012
Xian Quanqiang» 01-Jun-2011 to 31-Jul-2012
Ho Hsiu Mei» 01-Mar-2007 to 31-May-2011


Investment objectives

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.

Key Information

Fund vs sector

  1y 3y
Position 10 / 13 4 / 11
Quartile 3 2

Fund ratings

GoldMstar OBSR
Analyst
(Qualitative)
FE Crown Rating: 5 FE Crown Rating
(Quantitative)

Ratios

  1y 3y
Volatility 11.27 11.01
Alpha 3.90 4.78
Beta 0.82 0.72
Sharpe 0.31 0.82
Info Ratio 0.65 0.35
R2 0.85 0.85
Quartiles:   1  2  3  4   help with ratios
vs. China/Greater China»
performance chart
chart
    1y3y5y12m-24m24m-36m36m-48m48m-60m
ACC +2.3+32.9+61.5+18.0+10.1-6.4+29.8
  CHINA/GREATER CHINA   +2.7+25.1+29.6+20.3+1.3-16.3+23.8
Clean share class
   Bid OfferDateYieldOCF help CiticodeSEDOL
pdf FIRST STATE GREATER CHINA GROWTH B EUR ACC ACC 140.85 (EUX) 30-Oct-2014 0.87 1.05% M3D7 B2PF5J7
pdf FIRST STATE GREATER CHINA GROWTH B GBP ACC ACC 524.06 (p) 30-Oct-2014 0.86 1.06% QI57 3387432
Other share classes
   Bid OfferDateYieldOCF help CiticodeSEDOL
pdf FIRST STATE GREATER CHINA GROWTH A EUR ACC ACC 177.33 (EUX) 30-Oct-2014 0.14 1.83% BTG3 B2PF5G4
pdf FIRST STATE GREATER CHINA GROWTH A GBP ACC ACC 488.66 (p) 30-Oct-2014 0.15 1.83% QI56 3387410

The Ongoing Charges Figure (OCF) shows the drag on performance caused by operational expenses associated with a fund.

Expenses which are represented by this figure include payments to the manager, the trustee the custodian and their representatives. The figure also includes registration, regulatory, audit and legal fees, and the costs of distribution.

Performance fees, transaction costs, interest on borrowing, costs associated with derivatives, entry and exit fees and soft commissions are not included in the OCF calculation, and should be factored in separately by the investor.

The OCF is calculated by taking the sum of these expenses incurred in the last 12 months and dividing this by the average net assets of that class for the last 12 months.

Total Expense Ratio (TER) is a formula designed to show the ongoing costs to the investor associated with a fund, including some charges which are not factored into the annual management fee. In addition the fund’s annual fee, charges such as trading fees, audit and legal fees, and operational expenses are included in the TER, which is worked out by dividing the total cost of the fund by its total assets to arrive at a percentage.

Unlike the Ongoing Charges Figure, the TER takes into account performance fees. It does not include transaction costs paid to the custodian.

Detailed fund information
Fund type flag UK Open Ended Investment Company (OEIC)
Own ISA wrapper Fund has ISA Wrapper help with ratios Fund size£591.6m / $947.4m (30-Oct-14)
Savings plan Fund has Savings Plan Minimum: £ 50.0 Monthly Launch01-Dec-2003
Pricing times12:00 Daily Dealing frequencyMonday-Friday
Dealing timesn/a
Minimum initial£ 1,000
Minimum additional£ 500
Initial charge4.00%
Annual management charge1.75%
Note to chargesn/a
Trustee / DepositaryNational Westminster Bank plc
RegistrarThe Bank Of New York Mellon (International)
Multi-Managern/a
Indexn/a
Dividend policyFeb 01, Aug 01 (Final)
Peer groups
Region Asset Class Investment Focus Sector
Asia Pacific Ex Japan Equity Mixed China/Greater China
Largest holdings, 30-Sep-2014
Holding (%) Rank Fund factsheet Equity factsheet
CHINA OILFIELD SERVICES 4.40 1 - -
TAIWAN SEMICONDUCTOR CO 4.40 2 - -
CHEUNG KONG(HLDGS) 3.90 3 - -
DELTA ELECTRONICS 3.70 4 - -
ADVANTECH CO 3.30 5 - -
FIRST STATE CHINA GROWTH INC ACC 3.20 6 * -
TONG REN TANG TECHNOLOGIES CO 3.10 7 - -
LINK REAL ESTATE INVESTMENT TRUST UNITS 3.00 8 - -
ENN ENERGY HLDGS LTD 3.00 9 - -
TENCENT HLDGS LIMITED 2.90 10 - -
Total34.90 
Regional weightings, 30-Sep-2014
Region(%)Rank 
Taiwan31.501 31.50% Taiwan
Hong Kong25.402 25.40% Hong Kong
China21.403 21.40% China
Red Chips & P Chip15.204 15.20% Red Chips  & P Chip
USA4.605 4.60% USA
Cash1.006 1.00% Cash
Singapore0.907 0.90% Singapore
Total100.00 
Sector weightings, 30-Sep-2014
Sector(%)Rank 
Information Technology27.901 27.90% Information Technology
Financials20.502 20.50% Financials
Consumer Staples10.203 10.20% Consumer Staples
Utilities8.704 8.70% Utilities
Consumer Discretionary8.005 8.00% Consumer Discretionary
Energy6.906 6.90% Energy
Health Care6.407 6.40% Health Care
Industrials3.208 3.20% Industrials
Multiple sectors3.209 3.20% Multiple sectors
Materials2.4010 2.40% Materials
Telecom Services1.6011 1.60% Telecom Services
Cash1.0012 1.00% Cash
Total100.00 

All prices in Pence Sterling (GBX) unless otherwise specified. Price total return performance figures are calculated on a bid price to bid price basis (mid to mid for OEICs) with net income (dividends) reinvested. Performance figures are shown in Sterling unless otherwise specified.

 
 
 
 
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Asset allocation

Taiwanese Equities, 31.50%
31.5000% ofTaiwanese Equities
Hong Kong Equities, 25.40%
25.4000% ofHong Kong Equities
Chinese Equities, 21.40%
21.4000% ofChinese Equities
International Equities, 15.20%
15.2000% ofInternational Equities
US Equities, 4.60%
4.6000% ofUS Equities
Money Market, 1.00%
1.0000% ofMoney Market
Singapore Equities, 0.90%
0.9000% ofSingapore Equities

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