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First State Greater China Growth Class B - Accumulation (GBP)

Sell:1,005.23p Buy:1,005.23p Change: 2.99p (0.30%)
Prices as at 23 September 2019
Sell:1,005.23p
Buy:1,005.23p
Change: 2.99p (0.30%)
You can buy or sell holdings in this fund through an ISA, Lifetime ISA, SIPP or Fund & Share Account
Prices as at 23 September 2019
Sell:1,005.23p
Buy:1,005.23p
Change: 2.99p (0.30%)
Prices as at 23 September 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): 1.05%
Ongoing saving from HL: 0.05% i
Net ongoing charge: 1.00%
There are other unit types of this fund available:
Inclusive - Class A - Accumulation (GBP) (Net ongoing charge 1.06%)

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: Unbundled
Manager:
Martin Lau
Fund launch date: 1 December 2003
Sector: China/ Greater China
Fund size: £490 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

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Performance

20/09/14 to 20/09/15 20/09/15 to 20/09/16 20/09/16 to 20/09/17 20/09/17 to 20/09/18 20/09/18 to 20/09/19
Annual return -4.51% 35.57% 18.99% 6.60% 14.02%

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...

Our latest article

This fund's performance has recently been a bit weaker, but we think it has good long-term potential. In this update, find out why good stewardship is important to the investment team.

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 : 1.10%
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 July 2019.

Security Weight
TAIWAN SEMICONDUCTOR MANUFACTURING 7.05%
TENCENT HLDGS LTD 5.11%
AIA GROUP LTD 5.05%
ENN ENERGY HLDGS LTD 4.49%
CHINA MERCHANTS BANK CO LTD 4.28%
CHINA MENGNIU DAIRY CO 4.14%
CSPC PHARMACEUTICAL GROUP LTD 3.81%
SHANGHAI INTERNATIONAL AIRPORT CO 3.33%
ADVANTECH CO 3.17%
TOWNGAS CHINA CO LTD 2.53%
Sector Weight
Technology Hardware & Equipment 24.09%
Food Producers 7.65%
Gas, Water & Multi-utilities 7.02%
Software & Computer Services 6.70%
Pharmaceuticals, Biotechnology & Marijuana Producers 6.61%
Household Goods & Home Construction 6.56%
Life Insurance 6.42%
General Industrials 4.51%
Banks 4.28%
Industrial Transportation 3.33%
Country Weight
Hong Kong 39.30%
Taiwan 25.50%
China 24.69%
United States 5.01%
Singapore 2.82%
Direct Property and REITs 1.36%
Cash and Equiv. 0.90%
Managed Funds 0.43%

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 23 September 2019. Data provided by Funds Library, correct as at 31 August 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.