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First State Greater China Growth I Acc USD

Ranked 8 out of 23 in - Greater 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 Fund invests primarily in securities issued by companies with either assets in, or revenues derived from China, Hong Kong, and Taiwan and which are listed, traded or dealt in on Regulated Markets in China, Hong Kong, Taiwan, the U.S., Singapore, Korea, Thailand and Malaysia or in a member state of the OECD. The Fund may also invest in government and corporate debt securities such as, but not limited to, convertible and non-convertible debt securities, fixed and floating rate bonds, zero coupon and discount bonds or certificates of deposit each rated investment grade or, if unrated, of comparable quality as determined by the Manager.

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Performance

Greater China over : 30/06/2016 - 30/06/2017

Total Return

Quarterly Performance

to 30/06/2017 Annual Q1 Q2 Q3 Q4
2017 12.5% 1.4%
2016 4.9% -7.8% 1.9% 10.6% 1.1%
2015 7.8% 19.8% -2.5% -16.6% 10.6%
2014 18.5% -3.5% 9.3% 6.1% 5.9%
2013 7.2% 4.9% -4.1% 2.5% 3.9%
2012 18.6% 5.6% 0.8% 7.5% 3.6%
2011 -7.9% -6.7% 1.0% -10.0% 8.6%
2010 27.5% 7.1% 7.4% 6.3% 4.3%
2009 64.5% 8.2% 25.7% 8.2% 11.8%
2008 -42.5% -16.9% -2.8% -15.1% -16.2%
2007 34.6% 2.9% 18.3% 15.8% -4.5%
2006 35.1% 10.9% -6.2% 8.8% 19.4%
2005 33.4% 8.3% 11.1% 5.2% 5.4%
2004 14.5% 15.8% -9.4% 6.7% 2.3%
2003 37.0% -2.7% 9.5% 20.6% 6.6%

Month by Month Performance

Returns Vs Risk

Asset Allocation

Breakdown

30/04/2017

Top 10 Holdings

Stock Size
Taiwan Semiconductor Manufacturing Co Ltd ORD 7.43
Tencent Holdings Ltd ORD 5.52
CK Hutchison Holdings Ltd ORD 4.36
AAC Technologies Holdings Inc ORD 4.15
Advantech Co Ltd ORD 3.94
AIA Group Ltd ORD 3.87
CSPC Pharmaceutical Group Ltd ORD 3.78
Delta Electronics Inc ORD 3.68
China Taiping Insurance Holdings Co Ltd ORD 3.31
President Chain Store Corp ORD 3.23
30/04/2017

Registered For Sale In

  1. Hong Kong
  2. Ireland
  3. Macau
  4. Singapore
  5. Switzerland
  6. United Kingdom

Fund Info

  • Launch date18/10/2002
  • Share Class size512Mn
  • Base currencyUSD
  • ISIN IE0031814852

Purchase Info

  • Min. initial investment1,500
  • Min. regular additional investment0

Charges

  • Annual management1.50%

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