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First State China A A FV

Ranked 5 out of 29 in - China over 12 months
All calculations are in EUR unless stated

Managed by

Martin Lau

Having graduated from Cambridge University with a Bachelor of Arts degree and a Masters in Engineering, Martin Lau has progressed from a somewhat industrious education to Investment Fund Management and now has over 10 years experience in the industry. Born in Hong Kong in 1972, Lau started his investment career in 1995 at BZW in London as part of their risk management team. He subsequently spent six years with Invesco as a fund manager responsible for the greater China funds, Smaller Companies fund and regional portfolios. Lau currently manages a range of China and Asia funds for First State. He describes his investment style for many of the funds he runs as bottom up stock selection with strong macro overlay. He also focuses heavily on quality, growth and price. A keen badminton player, Lau also enjoys playing tennis, walking and going to the cinema.

Quanqiang Xian

Quanqiang Xian of First State Investments specialises in Chinese equities with a focus on large and mid-cap companies. Previously, he was an analyst with Orbis Investment Advisory in London, researching Chinese equities. A CFA charterholder, he started his career with the government of Singapore.

Objective

The primary objective of the Fund is to generate consistent long-term capital gains by investing at least 70% of the Funds net assets into China's domestic securities market, A shares or other permitted securities. The Fund seeks to provide investors with long-term capital growth by investing primarily in A shares listed on the Shanghai or Shenzhen Stock Exchanges. The Fund may also invest in bonds listed on PRC Exchanges, PRC securities investment funds and warrants listed on any of the PRC Exchanges.

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Performance

China over : 30/09/2016 - 30/09/2017
  • Rank 5/29 Total Return
  • Rank 25/29 Standard Deviation
  • Rank 2/29 Max Drawdown

Total Return

Quarterly Performance

to 29/09/2017 Annual Q1 Q2 Q3 Q4
2017 11.4% 4.4% 0.4%
2016 0.1% -15.9% 2.7% 8.8% 6.6%
2015 32.9% 39.0% 6.5% -26.4% 22.0%
2014 42.3% -10.5% 3.2% 22.6% 25.7%
2013 17.0% 4.9% -9.3% 15.0% 6.9%
2012 5.6% 2.2% 1.4% -6.9% 9.5%
2011 -17.9% 0.2% -7.6% -10.0% -1.5%
2010 -8.0% 4.8% 7.7%

Month by Month Performance

Returns Vs Risk

Asset Allocation

Breakdown

31/07/2017

Top 10 Holdings

Stock Size
USD Cash 14.66
Wanhua Chemical Group Co Ltd ORD 9.03
Tsingtao Brewery Co Ltd ORD 8.62
Yunnan Baiyao Group Co Ltd ORD 8.32
Great Wall Motor Co Ltd ORD 6.14
Gree Electric Appliances Inc of Zhuhai ORD 6.06
Xinjiang Goldwind Science & Technology Co Ltd ORD 4.82
Lu Thai Textile Co Ltd ORD 4.64
Shanghai International Airport Co Ltd ORD 4.47
China South Publishing & Media Group Co Ltd ORD 4.41
31/07/2017

Registered For Sale In

  1. Belgium
  2. Bulgaria
  3. Cyprus
  4. Estonia
  5. Finland
  6. Germany
  7. Greece
  8. Hungary
  9. Iceland
  10. Ireland
  11. Liechtenstein
  12. Lithuania
  13. Netherlands
  14. Norway
  15. Poland
  16. Portugal
  17. Slovakia
  18. Slovenia
  19. Sweden
  20. United Kingdom

Fund Info

  • Launch date27/10/2009
  • Share Class size01Mn
  • Base currencyUSD
  • ISIN IE00B3NX9986

Purchase Info

  • Min. initial investment125,000
  • Min. regular additional investment0

Charges

  • Annual management0.00%
  • Initial investment0

Performance is for the period shown (month end to month end, bid/bid, gross income reinvested, calculated in the currency and currencies indicated).