PIA HSBC Chinese Equity USD Ser B
Performance
Discrete performance - to last month end
| 31/03/19 to 31/03/20 |
31/03/20 to 31/03/21 |
31/03/21 to 31/03/22 |
31/03/22 to 31/03/23 |
31/03/23 to 31/03/24 |
|
|---|---|---|---|---|---|
| Fund | -5.6% | 52.6% | -28.0% | -12.3% | -14.4% |
| Sector | -22.0% | 56.9% | -7.6% | -11.7% | 9.3% |
| Rank | 3/267 | 187/278 | 248/284 | 137/282 | 261/289 |
| Quartile | 1 | 3 | 4 | 2 | 4 |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 31/03/24 |
5 Years to 31/03/24 |
10 Years to 31/03/24 |
||
| Fund | -18.5% | -4.9% | 1.4% | |
| Sector | -3.7% | 1.8% | 1.4% | |
| Rank | 254/282 | 216/266 | 100/193 | |
| Quartile | 4 | 4 | 3 | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| TENCENT HOLDINGS LIMITED | 9.13 |
| ALIBABA GROUP HOLDING LIMITED | 8.89 |
| PDD HOLDINGS INC | 6.16 |
| CHINA CONSTRUCTION BANK CORPORATION | 5.46 |
| TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED | 5.35 |
| NETEASE INC | 4.90 |
| NEW ORIENTAL EDUCATION & TECHNOLOGY GROUP | 4.45 |
| KWEICHOW MOUTAI GROUP CO. LTD | 4.36 |
| CNOOC LIMITED | 3.85 |
| BAIDU | 2.80 |
| Total | 55.35 |
Fund Aims
Objective: The investment strategy of the fund is to purchase units in the HSBC Chinese Equity Fund (USD) - the underlying fund.
Underlying Fund Objective: The fund aims to provide long term capital growth by investing in a portfolio of Chinese shares while promoting ESG characteristics within the meaning of Article 8 of SFDR. In normal market conditions, the Fund will invest at least 90% of its assets in shares (or securities similar to shares) of companies of any size that are based in, or carry out the larger part of their business activities in, China, including Hong Kong SAR. The Fund may invest up to 10% of its assets in other funds, including HSBC funds. The fund includes the identification and analysis of a company's ESG credentials as an integral part of the investment decision making process to reduce risk and enhance returns. ESG Credentials may include, but are not limited to: - environmental and social factors, including but not limited to physical risks of climate change and human capital management, that may have a material impact on a security issuer's financial performance and valuation. - corporate governance practices that protect minority investor interests and promote long term sustainable value creation. The fund will not invest in equities issued by companies with specified involvement in specific excluded activities including the production of controversial weapons or tobacco and companies with more than 10% revenue generated from thermal coal extraction or coal-fired power generation and having no clearly defined, credible plan to reduce exposure to below 10%. The fund may use derivatives for hedging or efficient portfolio management. The fund is denominated in US dollars.
Fund Manager
TBC
Fund Overview
| Bid (17/04/2024) | 2.37 |
| Offer (17/04/2024) | 2.49 |
| Fund size (29/02/2024) | $1.01m |
| Underlying Fund size | $556.20m |
| Number of holdings | 152 |
| Launch date | 28/10/2005 |
Fund Charges
| Annual Management Charge (AMC) | 1.70% |
| Further Costs | 0.40% |
| Yearly Total | 2.10% |
Asset Allocation
| International Equities | 94.02% | |
| Alternative Trading Strategies | 2.02% | |
| Cash and Equivalents | 1.99% | |
| Other Assets | 1.97% |
Important Information
Because of changes in exchange rates the value of your investment, as well as any money you take from it, can go down as well as up.
Some funds may invest in ‘underlying’ funds or other investment vehicles. The performance of our fund, compared to what it’s invested in won’t be exactly the same. That can be due to additional charges, cash management (needed to help people to enter and leave our fund when they want), tax and the timing of investments (this is known as a fund’s dealing cycle, it varies between managers and can be several days).
Source of portfolio data: Broadridge. Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of fund charges and further costs, but take no account of product charges, or any Annual Management Charge paid for by the deduction of units. Charges and further costs may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in the fund's currency of denomination with gross income reinvested. The value of your investment can go down as well as up so you might get back less than you put in.
This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Asset Allocation
| International Equities | 94.02% | |
| Alternative Trading Strategies | 2.02% | |
| Cash and Equivalents | 1.99% | |
| Other Assets | 1.97% |
Equity Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Technology | 28.25% | - | - | - | |
| Technology | - | 28.25% | - | - | |
| Software & Computer Services | - | - | 19.87% | - | |
| Consumer Digital Services | - | - | - | 19.60% | |
| Software | - | - | - | 0.18% | |
| Computer Services | - | - | - | 0.08% | |
| Technology Hardware & Equipment | - | - | 8.38% | - | |
| Semiconductors | - | - | - | 7.18% | |
| Electronic Components | - | - | - | 1.20% | |
| Consumer Discretionary | 23.93% | - | - | - | |
| Consumer Products & Services | - | 10.87% | - | - | |
| Leisure Goods | - | - | 5.73% | - | |
| Electronic Entertainment | - | - | - | 4.90% | |
| Consumer Electronics | - | - | - | 0.83% | |
| Consumer Services | - | - | 4.45% | - | |
| Education Services | - | - | - | 4.45% | |
| Household Goods & Home Construction | - | - | 0.69% | - | |
| Household Appliance | - | - | - | 0.69% | |
| Retail | - | 9.06% | - | - | |
| Retailers | - | - | 9.06% | - | |
| Diversified Retailers | - | - | - | 9.06% | |
| Travel & Leisure | - | 2.38% | - | - | |
| Travel & Leisure | - | - | 2.38% | - | |
| Travel & Tourism | - | - | - | 1.96% | |
| Hotels & Motels | - | - | - | 0.42% | |
| Automobiles & Parts | - | 1.34% | - | - | |
| Automobiles & Parts | - | - | 1.34% | - | |
| Automobiles | - | - | - | 0.91% | |
| Auto Parts | - | - | - | 0.43% | |
| Media | - | 0.28% | - | - | |
| Media | - | - | 0.28% | - | |
| Entertainment | - | - | - | 0.28% | |
| Financials | 14.29% | - | - | - | |
| Banks | - | 11.27% | - | - | |
| Banks | - | - | 11.27% | - | |
| Banks | - | - | - | 11.27% | |
| Financial Services | - | 1.78% | - | - | |
| Investment Banking & Brokerage Services | - | - | 1.78% | - | |
| Investment Services | - | - | - | 1.78% | |
| Insurance | - | 1.24% | - | - | |
| Life Insurance | - | - | 1.24% | - | |
| Life Insurance | - | - | - | 1.24% | |
| Telecommunications | 8.50% | - | - | - | |
| Telecommunications | - | 8.50% | - | - | |
| Telecommunications Service Providers | - | - | 5.34% | - | |
| Telecommunications Services | - | - | - | 5.34% | |
| Telecommunications Equipment | - | - | 3.16% | - | |
| Telecommunications Equipment | - | - | - | 3.16% | |
| Consumer Staples | 4.69% | - | - | - | |
| Food, Beverage & Tobacco | - | 4.69% | - | - | |
| Beverages | - | - | 4.69% | - | |
| Distillers & Vintners | - | - | - | 4.36% | |
| Brewers | - | - | - | 0.34% | |
| Energy | 4.39% | - | - | - | |
| Energy | - | 4.39% | - | - | |
| Non-Renewable Energy | - | - | 3.85% | - | |
| Oil: Crude Producers | - | - | - | 3.85% | |
| Renewable Energy | - | - | 0.55% | - | |
| Renewable Energy Equipment | - | - | - | 0.55% | |
| Health Care | 3.57% | - | - | - | |
| Health Care | - | 3.57% | - | - | |
| Pharmaceuticals & Biotechnology | - | - | 3.57% | - | |
| Biotechnology | - | - | - | 2.48% | |
| Pharmaceuticals | - | - | - | 1.09% | |
| Industrials | 3.37% | - | - | - | |
| Industrial Goods & Services | - | 2.40% | - | - | |
| Electronic & Electrical Equipment | - | - | 1.63% | - | |
| Electrical Components | - | - | - | 1.45% | |
| Electronic Equipment: Control & Filter | - | - | - | 0.18% | |
| Industrial Engineering | - | - | 0.77% | - | |
| Machinery: Industrial | - | - | - | 0.77% | |
| Construction & Materials | - | 0.97% | - | - | |
| Construction & Materials | - | - | 0.97% | - | |
| Construction | - | - | - | 0.97% | |
| Alternative Trading Strategies | 2.02% | - | - | - | |
| Alternative Trading Strategies | - | 2.02% | - | - | |
| Alternative Trading Strategies | - | - | 2.02% | - | |
| Alternative Trading Strategies | - | - | - | 2.02% | |
| Cash and Equivalents | 1.99% | - | - | - | |
| Non-Classified | 1.97% | - | - | - | |
| Basic Materials | 1.66% | - | - | - | |
| Basic Resources | - | 1.46% | - | - | |
| Industrial Metals & Mining | - | - | 0.94% | - | |
| Iron & Steel | - | - | - | 0.54% | |
| Aluminum | - | - | - | 0.40% | |
| Precious Metals & Mining | - | - | 0.52% | - | |
| Gold Mining | - | - | - | 0.52% | |
| Chemicals | - | 0.20% | - | - | |
| Chemicals | - | - | 0.20% | - | |
| Chemicals: Diversified | - | - | - | 0.20% | |
| Utilities | 1.06% | - | - | - | |
| Utilities | - | 1.06% | - | - | |
| Electricity | - | - | 1.06% | - | |
| Alternative Electricity | - | - | - | 1.06% | |
| Real Estate | 0.32% | - | - | - | |
| Real Estate | - | 0.32% | - | - | |
| Real Estate Investment & Services | - | - | 0.32% | - | |
| Real Estate Holding and Development | - | - | - | 0.32% | |
Regional Allocation
| Emerging Asia | 81.87% | |
| Developed Asia | 9.25% | |
| Non-Classified | 5.01% | |
| Cash and Equivalents | 1.99% | |
| North America | 1.88% |
Fixed Interest Currencies
| Non-Fixed Interest Assets | 98.67% | |
| Cash | 0.70% | |
| US Dollar | 0.62% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| Emerging Asia | 81.87% | - | |
China
|
- | 76.15% | |
Taiwan
|
- | 5.72% | |
| Developed Asia | 9.25% | - | |
Hong Kong
|
- | 9.25% | |
| Non-Classified | 5.01% | - | |
| Cash and Equivalents | 1.99% | - | |
| North America | 1.88% | - | |
United States
|
- | 1.88% | |
Breakdown By Market Cap (%)
| Mega |
|
60.65% |
| Large |
|
11.22% |
| Medium |
|
1.26% |
| Non-Classified |
|
24.89% |
| Cash |
|
1.99% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | TENCENT HOLDINGS LIMITED | 9.13% | Software & Computer Services | China |
| 2 | ALIBABA GROUP HOLDING LIMITED | 8.89% | Retailers | China |
| 3 | PDD HOLDINGS INC | 6.16% | Software & Computer Services | China |
| 4 | CHINA CONSTRUCTION BANK CORPORATION | 5.46% | Banks | China |
| 5 | TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED | 5.35% | Technology Hardware & Equipment | Taiwan |
| 6 | NETEASE INC | 4.90% | Leisure Goods | China |
| 7 | NEW ORIENTAL EDUCATION & TECHNOLOGY GROUP | 4.45% | Consumer Services | China |
| 8 | KWEICHOW MOUTAI GROUP CO. LTD | 4.36% | Beverages | China |
| 9 | CNOOC LIMITED | 3.85% | Non-Renewable Energy | Hong Kong |
| 10 | BAIDU | 2.80% | Software & Computer Services | China |
Dual Aspect Equity Analysis
| UK Equities | Int'l Equities | UK Bonds | Int'l Bonds | UK Gilts | Property | Other | Cash & Equiv | Total | |
|---|---|---|---|---|---|---|---|---|---|
| Technology | - | 28.25% | - | - | - | - | - | - | 28.25% |
| Telecommunications | - | 8.50% | - | - | - | - | - | - | 8.50% |
| Financials | - | 14.29% | - | - | - | - | - | - | 14.29% |
| Real Estate | - | 0.32% | - | - | - | - | - | - | 0.32% |
| Consumer Discretionary | - | 23.93% | - | - | - | - | - | - | 23.93% |
| Consumer Staples | - | 4.69% | - | - | - | - | - | - | 4.69% |
| Energy | - | 4.39% | - | - | - | - | - | - | 4.39% |
| Utilities | - | 1.06% | - | - | - | - | - | - | 1.06% |
| Health Care | - | 3.57% | - | - | - | - | 0.87% | - | 4.43% |
| Industrials | - | 3.37% | - | - | - | - | - | - | 3.37% |
| Basic Materials | - | 1.66% | - | - | - | - | 1.10% | - | 2.76% |
| Cash and Equivalents | - | - | - | - | - | - | - | 1.99% | 1.99% |
| Non-Classified | - | - | - | - | - | - | 2.02% | - | 2.02% |
Important Information
Because of changes in exchange rates the value of your investment, as well as any money you take from it, can go down as well as up.
Some funds may invest in ‘underlying’ funds or other investment vehicles. The performance of our fund, compared to what it’s invested in won’t be exactly the same. That can be due to additional charges, cash management (needed to help people to enter and leave our fund when they want), tax and the timing of investments (this is known as a fund’s dealing cycle, it varies between managers and can be several days).
The Industry Classification Benchmark is a product of FTSE International Limited and has been licensed for use.
This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Identification Codes
| Sedol Code | B0MSSG3 |
| Mex Code | SBHCHN |
| Isin Code | IE00B0MSSG36 |
| Citi Code | TJ84 |
Fund Charges
| Annual Management Charge (AMC) | 1.70% |
| Further Costs | 0.40% |
| Yearly Total | 2.10% |
Aims and Benchmark
| Aims | Objective: The investment strategy of the fund is to purchase units in the HSBC Chinese Equity Fund (USD) - the underlying fund. Underlying Fund Objective: The fund aims to provide long term capital growth by investing in a portfolio of Chinese shares while promoting ESG characteristics within the meaning of Article 8 of SFDR. In normal market conditions, the Fund will invest at least 90% of its assets in shares (or securities similar to shares) of companies of any size that are based in, or carry out the larger part of their business activities in, China, including Hong Kong SAR. The Fund may invest up to 10% of its assets in other funds, including HSBC funds. The fund includes the identification and analysis of a company's ESG credentials as an integral part of the investment decision making process to reduce risk and enhance returns. ESG Credentials may include, but are not limited to: - environmental and social factors, including but not limited to physical risks of climate change and human capital management, that may have a material impact on a security issuer's financial performance and valuation. - corporate governance practices that protect minority investor interests and promote long term sustainable value creation. The fund will not invest in equities issued by companies with specified involvement in specific excluded activities including the production of controversial weapons or tobacco and companies with more than 10% revenue generated from thermal coal extraction or coal-fired power generation and having no clearly defined, credible plan to reduce exposure to below 10%. The fund may use derivatives for hedging or efficient portfolio management. The fund is denominated in US dollars. |
| Benchmark | MSCI China 10/40 Net |
| ABI Sector | Global Emerging Markets Equities |
Ratings
| FE Crown |  |
Important Information
Because of changes in exchange rates the value of your investment, as well as any money you take from it, can go down as well as up.
Some funds may invest in ‘underlying’ funds or other investment vehicles. The performance of our fund, compared to what it’s invested in won’t be exactly the same. That can be due to additional charges, cash management (needed to help people to enter and leave our fund when they want), tax and the timing of investments (this is known as a fund’s dealing cycle, it varies between managers and can be several days).
Charges and further costs may vary in the future and may be higher than they are now.
This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Important Information
Because of changes in exchange rates the value of your investment, as well as any money you take from it, can go down as well as up.
Some funds may invest in ‘underlying’ funds or other investment vehicles. The performance of our fund, compared to what it’s invested in won’t be exactly the same. That can be due to additional charges, cash management (needed to help people to enter and leave our fund when they want), tax and the timing of investments (this is known as a fund’s dealing cycle, it varies between managers and can be several days).
Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of fund charges and further costs, but take no account of product charges, or any Annual Management Charge paid for by the deduction of units. Charges and further costs may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in the fund's currency of denomination with gross income reinvested. The value of your investment can go down as well as up so you might get back less than you put in.
This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
The registered office of Prudential International is in Ireland at Montague House, Adelaide Road, Dublin 2. Prudential International is a marketing name of Prudential International Assurance plc, a life assurance company operating from Ireland. Registration No. 209956. Prudential International Assurance plc is authorised and regulated by the Central Bank of Ireland and in the context of its UK regulated activities only, is deemed authorised by the Prudential Regulation Authority and subject to regulation by the Financial Conduct Authority and limited regulation by the Prudential Regulation Authority. Details of the Temporary Permissions Regime, which allows EEA-based firms to operate in the UK for a limited period while seeking full authorisation, are available on the Financial Conduct Authority’s website. Prudential International is part of the same corporate group as The Prudential Assurance Company Limited. Both The Prudential Assurance Company Limited and Prudential International are direct and indirect subsidiaries respectively of M&G plc, a company incorporated in the United Kingdom. The Prudential Assurance Company Limited is not affiliated in any manner with Prudential Financial, Inc, a company whose principal place of business is in the United States of America or Prudential plc, an international group incorporated in the United Kingdom.