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Baring Hong Kong and China Inclusive - Class A - Income (USD)

Sell: 49,373.80pBuy: 49,373.80p72.23p (0.14%)

Prices as at 22 April 2014

* Please note that there can be occasions when the Selling price shown may be temporarily higher than the Buying price. This can sometimes happen when the stock market is closed but it can also happen at other times for a variety of reasons. However, when the stock market is open and you place a trade, the selling price available to you will never be higher than the buying price. Live prices will be available when you place a deal with us during market hours. Please check these and contact us if you are unable to deal online.

Charges and Savings

Fund manager's initial charge: 5.00%
HL saving on initial charge: 5.00%
HL dealing charge: Free
Net initial charge: 0.00%
Fund manager's annual charge: 1.25%
HL saving on annual charge (loyalty bonus): 0.50%
Net annual charge: 0.75%
 
Fund manager's other expenses: 0.53%
Performance fee: No  

Please read the Simplified Prospectus/Key Investor Information Document in addition to the information above. Further details available in the HL guide to fund prices, savings and yields. Loyalty bonus is paid tax-free in an ISA or SIPP but may be subject to tax in a Fund & Share Account.

HRMC believes that from April 2013 rebates of annual charges (such as loyalty bonuses) paid on funds held outside ISAs or SIPPs should be paid net of basic rate tax. We believe this is incorrect and are challenging HMRC's interpretation. However, in line with best client accounting practice and to save clients facing an unexpected bill in the future, we are currently paying loyalty bonuses within the Vantage Fund & Share Account net of an amount equivalent to the basic rate tax. If we are successful in our challenge we will return this money to clients. If we are unsuccessful we will use the money to pay over any amounts due to HMRC. Loyalty bonuses in the Vantage Fund & Share Accounts held by overseas investors, companies and charities will be paid without any deductions, as will loyalty bonuses in the Vantage ISA and Vantage SIPP which are exempt from tax.

Other Information

Unit type: Inclusive
Manager: Laura Luo
Launch date: 3 December 1982
Launch price: n/a
Sector: China/ Greater China
Fund size: $2,281 million
Number of holdings: 89
Fund type: Unit Trust
Accumulation/income: Income
Dealing frequency: Daily
Valuation point: 12:00
Trustee: Northern Trust International Fund Administration Services (Ireland) Limited
Minimum investment: £500.00
Charges deducted from: Income
Available in a regular savings plan: Yes
Minimum regular savings value: £50.00

Performance

22/04/09 to 22/04/10 22/04/10 to 22/04/11 22/04/11 to 22/04/12 22/04/12 to 22/04/13 22/04/13 to 22/04/14
Annual return 46.82% 14.63% -18.48% -2.99% 5.67%

Please remember past performance is not a guide to future returns. Where no data is shown, figures are not available. This information is provided to help you choose your own investments, remember they can fall as well as rise in value so you may not get back the original amount invested.

View fund chart

Our view on this fund

Wealth 150 list of what we believe are the best funds in each sector. If a fund is not within our Wealth 150 this is not necessarily a recommendation to sell. However, if you are thinking of adding to your investments we believe Wealth 150 funds are superior alternatives. View funds on the Wealth 150 »

Fund Objective

The objective of the Managers for the Fund is to achieve long-term capital growth in the value of assets.

Income Details

Historic yield: 0.56%
Income paid: Annually
Type of payment: Dividend
Ex-dividend date: 1 May 2014
Payment date: 31 July 2014 4

All yields are variable and not guaranteed. Information correct as at 28 February 2014.

Security Weight
Tencent Holdings (P Chip) 9.20%
China Construction Bank (H) 5.47%
Industrial and Commercial Bank of China (H) 5.01%
China Petroleum & Chemical Corp. 3.79%
China Mobile (Red Chip) 3.50%
China Life Insurance Co. Ltd. (China) 3.10%
Ping An Insurance (H) 2.95%
Lenovo Group (Red Chip) 2.72%
China Cinda Asset Management (H) 2.24%
Bank of China (H) 1.96%
Sector Weight
Banks 16.98%
Software & Computer Services 10.36%
Life Insurance 8.67%
Oil & Gas Producers 7.26%
Real Estate Investment & Services 4.96%
Technology Hardware & Equipment 4.31%
Mobile Telecommunications 3.99%
Pharmaceuticals & Biotechnology 3.94%
Travel & Leisure 3.62%
Household Goods & Home Construction 3.34%
Country Weight
Hong Kong 45.41%
China 45.18%
United States 3.61%
Managed Funds 2.02%
Luxembourg 1.74%
Taiwan 1.51%
Italy 0.35%
Singapore 0.21%
Cash and Equiv. -0.04%

Fund Manager

Photo of Laura Luo

Key facts

Laura Luo
Manager start date 12/09/2013
Manager located in TBC

Biography

Laura is Head of Hong Kong China Equities, with overall responsibility for a team of investment managers and analysts who manage a range of Hong Kong and China equity strategies including our Hong Kong China Fund equity strategy and China A Share strategy. She is the lead manager of our flagship Baring Hong Kong China Fund and directs Hong Kong China specialist research. Laura joined Baring Asset Management in September 2013 from Schroder Investment Management where she worked for over 12 years. Since 2002 Laura has been lead manager on several Hong Kong China equity mandates, responsible for assets under management of over $2bn. This includes the Schroder International Selection Fund: China Opportunities, which she has managed since it was launched in 2006. Prior to joining Schroders, Laura had worked at SG Securities, Morgan Stanley and Goldman Sachs (Asia) LLC, Hong Kong. Laura received her Bachelor of Arts in International Economics from Peking University, China and Master of Business Administration from the University of Toronto, Canada. She is a CFA charterholder. Laura also worked for the Chinese government before pursuing a MBA in Canada. She is fluent in English, Mandarin and Cantonese.

You can buy or sell holdings in this fund through an ISA, SIPP or Fund & Share Account

Data received from the Fund Management Company administering this fund and provided to you for your information. Hargreaves Lansdown accepts no liability for the reliability or accuracy of the data provided by third parties.

4 If you elect to receive the income from a Vantage ISA or Vantage Fund & Share Account, we will collect any dividends for you and then pay them directly into your bank account within the first 10 working days of the following month.

Prices as at 22 April 2014. Data as at 28 February 2014.

Wealth 150 fund

The Wealth 150 is a list of what we believe to be the best funds in each sector. For a fund to be selected for the Wealth 150 it must pass a rigorous selection process, and we continually monitor the list to ensure it only contains the best funds.

Wealth 150+ fund

The Wealth 150 is a list of what we believe to be the best funds in each sector. For a fund to be selected for the Wealth 150 it must pass a rigorous selection process, and we continually monitor the list to ensure it only contains the best funds.

As investment returns depend on two factors - performance and charges - we have identified from the Wealth 150, the funds we believe offer the very best combination of outstanding performance potential and the best prices. These are the Wealth150+ funds. In many cases these super-low charges are only available through the Vantage Service - a unique benefit to Hargreaves Lansdown clients.

Core Tracker fund

The Core Trackers list represents what we believe are the very best trackers in each of the main sectors. We analysed each fund's management, process and performance to find the best combination of quality and cost. We want to ensure that the fund has not only tracked its index closely in the past, but that it has the best potential to track well in the future. In many cases these super-low charges are only available through the Vantage Service - a unique benefit to Hargreaves Lansdown clients.



Hargreaves Lansdown is authorised and regulated by the Financial Conduct Authority.

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