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First State Greater China Growth Inclusive - Class A - Accumulation (GBP)

Sell:822.35p Buy:822.35p Change: 0.87p (0.11%)
Prices as at 24 May 2019
Sell:822.35p
Buy:822.35p
Change: 0.87p (0.11%)
You can buy or sell holdings in this fund through an ISA, Lifetime ISA, SIPP or Fund & Share Account
Prices as at 24 May 2019
Sell:822.35p
Buy:822.35p
Change: 0.87p (0.11%)
Prices as at 24 May 2019
You can buy or sell holdings in this fund through an ISA, Lifetime ISA, SIPP or Fund & Share Account
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.

Charges and Savings

Initial charges
Initial charge: 4.00%
Initial saving from HL: 4.00%
HL dealing charge: Free
Net initial charge: 0.00%
Annual charges
Performance fee: No  
Ongoing charge (OCF/TER): 1.81%
Ongoing saving from HL: 0.75% i
Net ongoing charge: 1.06%
There are other unit types of this fund available:
Class B - Accumulation (GBP) (Net ongoing charge 1.00%)

In some cases the ongoing savings are provided by our loyalty bonus. Loyalty bonuses are tax-free in an ISA or SIPP. However, they may be subject to tax in a Fund & Share Account which would, in effect, reduce their value and increase the net ongoing charge.


Other Information

Unit type: Inclusive
Manager:
Martin Lau
Fund launch date: 1 December 2003
Launch price: £1.00
Sector: China/ Greater China
Fund size: £474 million
Number of holdings: 53
Fund type: OEIC
Accumulation/income: Accumulation
Dealing frequency: Daily
Valuation point: 12:00
Trustee: The Bank of New York Mellon (International) Limited
Minimum investment: £100.00
Charges deducted from: Income
Available in a regular savings plan: Yes
Minimum regular savings value: £25.00

Performance

24/05/14 to 24/05/15 24/05/15 to 24/05/16 24/05/16 to 24/05/17 24/05/17 to 24/05/18 24/05/18 to 24/05/19
Annual return 27.80% -17.52% 45.43% 24.25% -5.97%

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

HL Research

We believe First State is home to one of the best Asian and emerging markets investment teams. This fund offers exposure to the team's best ideas in China, Hong Kong and Taiwan. We favour their conservative approach to investing in what can be a volatile market and would expect them...

Fund Objective

The Fund aims to achieve long-term capital growth. The Fund invests in equity and equity type securities issued by companies established or having a predominant part of their economic activities in the People's Republic of China, Hong Kong and Taiwan.

Income Details

Historic yield : 0.18%
Income paid: Bi-annually
Type of payment: Dividend
Ex-dividend date: 1 August 2019 1 February 2020
Payment date: 30 September 20194 31 March 20204

This data is provided by Funds Library. HL accepts no responsibility for its accuracy and you should independently check data before making any investment decision. All yields are variable and not guaranteed. Information correct as at 31 March 2019.

Security Weight
Taiwan Semiconductor Manufacturing 6.84%
Tencent Holdings (P Chip) 5.89%
China Merchants Bank (H) 4.70%
AIA Group 4.70%
ENN Energy Holdings (P Chip) 3.77%
China Mengniu Dairy Co. 3.66%
CSPC Pharmaceutical Group (P Chip) 3.63%
Shanghai International Airport (A) (SC SH) 3.20%
Advantech Co. 3.16%
Towngas China 2.72%
Sector Weight
Technology Hardware & Equipment 13.18%
Electronic & Electrical Equipment 11.03%
Software & Computer Services 7.75%
Pharmaceuticals & Biotechnology 7.23%
Gas, Water & Multiutilities 6.49%
Life Insurance 6.48%
Food Producers 6.22%
Household Goods & Home Construction 5.50%
Banks 4.70%
General Industrials 4.06%
Country Weight
Hong Kong 45.73%
Taiwan 22.97%
China 19.78%
United States 5.76%
Singapore 3.22%
Direct Property and REITs 1.26%
Cash and Equiv. 0.73%
Managed Funds 0.54%

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Prices provided by Morningstar, correct as at 24 May 2019. Data provided by Funds Library, correct as at 30 April 2019.

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

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.