The Fund aims to achieve long-term (5 years plus) capital growth. The Fund invests at least 80% of its assets in shares of companies incorporated, domiciled or carrying out the main part of their economic activity in China, including Hong Kong. Exposure to China will be largely obtained through investment in securities traded on Hong Kong exchanges and other markets. The Fund may use derivatives (complex instruments) to manage the Fund more efficiently, with the aim of reducing risk, reducing costs and/or generating additional capital or income.
The Fund invests at least 80% of its assets in shares or other equity related securities of companies incorporated, domiciled or carrying out the main part of their economic activity in China, including Hong Kong. Exposure to China will be accessed by investing in securities listed on Hong Kong and other relevant exchanges and China A shares listed on the Shanghai and Shenzhen Stock Exchanges via Stock Connect. In pursuing the Fund’s investment objective, the fund manager may consider it appropriate to also invest in other transferable securities (including non-Chinese companies), money market instruments, collective investment schemes (including funds managed by the Invesco group), deposits and cash. Derivatives use: The Fund may use derivatives for efficient portfolio management purposes only, to reduce risk, reduce costs and/or generate additional capital or income.
Fund Manager
Raymond Mamanager
for
0 years
and 9 months
TBC
Lorraine Kuomanager
for
11 years
and 11 months
Lorraine Kuo joined Invesco in September 2011 as a fund manager. She is responsible for stock research and analysis in the Greater China markets.
Previously, Lorraine spent six years as a sell-side analyst in Deutsche Bank, covering chemical and cement sectors in Taiwan from 2004 to 2008 and the technology sector in China during 2010-2011. Lorraine was an investment analyst with Manulife Asset Management (HK) Ltd between 2008 and 2010 where she was responsible for stock research and recommendations for the Taiwanese and Korean markets. She also had experience in the banking industry and worked as a credit analyst at Credit Lyonnais Taipei for two years.
Fund Overview
Mid (03/05/2024)
419.83p
Historic yield
1.60%
Fund size (31/01/2024)
£128.74m
Number of holdings
204
Entry Charge
0.00%
Ongoing Charges
0.89%
Launch date
11/12/2012
Asset Allocation
International Equities
94.94%
Money Market
2.57%
UK Equities
1.38%
International Bonds
0.12%
Cash and Equivalents
0.12%
UK Corporate Bonds
0.04%
Other Assets
0.82%
Portfolio data accurate as at: 31/01/24
Important Information
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 ongoing charges, but take no account of product charges. Ongoing charges 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 GBP with 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.
Portfolio data accurate as at:
Asset Allocation
International Equities
94.94%
Money Market
2.57%
UK Equities
1.38%
International Bonds
0.12%
Cash and Equivalents
0.12%
UK Corporate Bonds
0.04%
Other Assets
0.82%
Equity Sector Breakdown
Expand allCollapse all
Industry
Supersector
Sector
Subsector
Consumer Discretionary
28.33%
-
-
-
Consumer Products & Services
-
11.50%
-
-
Leisure Goods
-
-
4.21%
-
Electronic Entertainment
-
-
-
4.21%
Personal Goods
-
-
3.07%
-
Clothing & Accessories
-
-
-
3.07%
Consumer Services
-
-
2.61%
-
Education Services
-
-
-
2.61%
Household Goods & Home Construction
-
-
1.61%
-
Household Appliance
-
-
-
1.61%
Retail
-
11.28%
-
-
Retailers
-
-
11.28%
-
Diversified Retailers
-
-
-
11.28%
Travel & Leisure
-
3.23%
-
-
Travel & Leisure
-
-
3.23%
-
Restaurants & Bars
-
-
-
0.91%
Casinos & Gambling
-
-
-
0.86%
Hotels & Motels
-
-
-
0.86%
Travel & Tourism
-
-
-
0.60%
Media
-
1.54%
-
-
Media
-
-
1.54%
-
Entertainment
-
-
-
1.54%
Automobiles & Parts
-
0.78%
-
-
Automobiles & Parts
-
-
0.78%
-
Automobiles
-
-
-
0.78%
Technology
22.97%
-
-
-
Technology
-
22.97%
-
-
Software & Computer Services
-
-
20.16%
-
Consumer Digital Services
-
-
-
20.16%
Technology Hardware & Equipment
-
-
2.81%
-
Electronic Components
-
-
-
2.01%
Computer Hardware
-
-
-
0.48%
Production Technology Equipment
-
-
-
0.32%
Financials
15.18%
-
-
-
Banks
-
8.47%
-
-
Banks
-
-
8.47%
-
Banks
-
-
-
8.47%
Insurance
-
6.00%
-
-
Life Insurance
-
-
4.57%
-
Life Insurance
-
-
-
4.57%
Non-life Insurance
-
-
1.43%
-
Property & Casualty Insurance
-
-
-
1.43%
Financial Services
-
0.71%
-
-
Investment Banking & Brokerage Services
-
-
0.71%
-
Investment Services
-
-
-
0.71%
Industrials
11.55%
-
-
-
Industrial Goods & Services
-
10.47%
-
-
Industrial Engineering
-
-
4.87%
-
Machinery: Industrial
-
-
-
3.45%
Machinery: Specialty
-
-
-
0.95%
Machinery: Construction & Handling
-
-
-
0.46%
Electronic & Electrical Equipment
-
-
2.66%
-
Electronic Equipment: Gauges & Meters
-
-
-
1.24%
Electrical Components
-
-
-
0.94%
Electronic Equipment: Control & Filter
-
-
-
0.47%
General Industrials
-
-
1.61%
-
Glass
-
-
-
1.21%
Containers & Packaging
-
-
-
0.40%
Industrial Transportation
-
-
1.34%
-
Marine Transportation
-
-
-
0.82%
Railroads
-
-
-
0.52%
Construction & Materials
-
1.08%
-
-
Construction & Materials
-
-
1.08%
-
Engineering & Contracting Services
-
-
-
0.79%
Cement
-
-
-
0.29%
Consumer Staples
5.59%
-
-
-
Food, Beverage & Tobacco
-
4.06%
-
-
Beverages
-
-
3.06%
-
Distillers & Vintners
-
-
-
2.27%
Brewers
-
-
-
0.79%
Food Producers
-
-
1.00%
-
Farming, Fishing, Ranching & Plantations
-
-
-
1.00%
Personal Care, Drug & Grocery Stores
-
1.53%
-
-
Personal Care, Drug & Grocery Stores
-
-
1.53%
-
Personal Products
-
-
-
1.53%
Basic Materials
4.34%
-
-
-
Basic Resources
-
3.16%
-
-
Precious Metals & Mining
-
-
2.49%
-
Gold Mining
-
-
-
2.49%
Industrial Metals & Mining
-
-
0.67%
-
Iron & Steel
-
-
-
0.67%
Chemicals
-
1.18%
-
-
Chemicals
-
-
1.18%
-
Specialty Chemicals
-
-
-
1.18%
Health Care
4.21%
-
-
-
Health Care
-
4.21%
-
-
Pharmaceuticals & Biotechnology
-
-
4.05%
-
Biotechnology
-
-
-
3.66%
Pharmaceuticals
-
-
-
0.40%
Medical Equipment & Services
-
-
0.15%
-
Medical Supplies
-
-
-
0.15%
Cash and Equivalents
2.69%
-
-
-
Utilities
1.87%
-
-
-
Utilities
-
1.87%
-
-
Electricity
-
-
1.87%
-
Alternative Electricity
-
-
-
1.87%
Energy
1.31%
-
-
-
Energy
-
1.31%
-
-
Non-Renewable Energy
-
-
1.31%
-
Integrated Oil & Gas
-
-
-
0.72%
Oil Equipment & Services
-
-
-
0.60%
Real Estate
0.70%
-
-
-
Real Estate
-
0.70%
-
-
Real Estate Investment & Services
-
-
0.70%
-
Real Estate Services
-
-
-
0.38%
Real Estate Holding and Development
-
-
-
0.32%
Non-Classified
0.56%
-
-
-
Telecommunications
0.53%
-
-
-
Telecommunications
-
0.53%
-
-
Telecommunications Equipment
-
-
0.53%
-
Telecommunications Equipment
-
-
-
0.53%
Bonds
0.16%
-
-
-
Regional Allocation
Emerging Asia
80.58%
Developed Asia
8.82%
North America
3.68%
Non-Classified
2.72%
Cash and Equivalents
2.69%
UK
1.42%
Australia & New Zealand
0.08%
Fixed Interest Currencies
Non-Fixed Interest Assets
99.82%
Pound Sterling
0.16%
Cash
0.02%
Regional Breakdown
Expand allCollapse all
Region
Country
Emerging Asia
80.58%
-
China
-
80.26%
Taiwan
-
0.32%
Developed Asia
8.82%
-
Hong Kong
-
8.82%
North America
3.68%
-
United States
-
3.65%
Canada
-
0.03%
Non-Classified
2.72%
-
Cash and Equivalents
2.69%
-
UK
1.42%
-
United Kingdom
-
1.42%
Australia & New Zealand
0.08%
-
Australia
-
0.08%
Breakdown By Market Cap (%)
Mega
41.16%
Large
15.55%
Medium
7.74%
Small
0.29%
Non-Classified
32.41%
Bonds
0.16%
Cash
2.69%
Top 10 Holdings
Stock
% Weight
Sector
Country
1
ALIBABA GROUP HOLDING LIMITED
9.24%
Retailers
China
2
TENCENT HOLDINGS LIMITED
9.15%
Software & Computer Services
China
3
PDD HOLDINGS INC
6.06%
Software & Computer Services
China
4
NETEASE INC
4.21%
Leisure Goods
China
5
CHINA CONSTRUCTION BANK CORPORATION
3.65%
Banks
China
6
AIA GROUP LIMITED
2.84%
Life Insurance
Hong Kong
7
NEW ORIENTAL EDUCATION & TECHNOLOGY GROUP
2.61%
Consumer Services
China
8
ZIJIN MINING GROUP
2.49%
Precious Metals & Mining
China
9
KWEICHOW MOUTAI GROUP CO. LTD
2.27%
Beverages
China
10
MEITUAN
2.00%
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
-
22.97%
-
-
-
-
-
-
22.97%
Telecommunications
-
0.53%
-
-
-
-
-
-
0.53%
Financials
1.14%
14.04%
-
-
-
-
-
-
15.18%
Real Estate
-
0.70%
-
-
-
-
-
-
0.70%
Consumer Discretionary
-
28.33%
-
-
-
-
-
-
28.33%
Consumer Staples
-
5.59%
-
-
-
-
-
-
5.59%
Energy
-
1.31%
-
-
-
-
-
-
1.31%
Utilities
-
1.87%
-
-
-
-
-
-
1.87%
Health Care
-
4.21%
-
-
-
-
-
-
4.21%
Industrials
-
11.55%
-
-
-
-
0.46%
-
12.01%
Basic Materials
-
4.34%
-
-
-
-
-
-
4.34%
Cash and Equivalents
-
-
-
-
-
-
-
0.12%
0.12%
Bonds
-
-
0.04%
0.12%
-
-
-
-
0.16%
Non-Classified
0.25%
-0.50%
-
-
-
-
0.36%
2.57%
2.67%
Important Information
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
B8N44V3
Mex Code
BRGAAQ
Isin Code
GB00B8N44V30
Citi Code
GUVK
Fund Charges
Entry Charge
0.00%
Ongoing Charges
0.89%
Aims and Benchmark
Aims
The Fund aims to achieve long-term (5 years plus) capital growth. The Fund invests at least 80% of its assets in shares of companies incorporated, domiciled or carrying out the main part of their economic activity in China, including Hong Kong. Exposure to China will be largely obtained through investment in securities traded on Hong Kong exchanges and other markets. The Fund may use derivatives (complex instruments) to manage the Fund more efficiently, with the aim of reducing risk, reducing costs and/or generating additional capital or income.
The Fund invests at least 80% of its assets in shares or other equity related securities of companies incorporated, domiciled or carrying out the main part of their economic activity in China, including Hong Kong. Exposure to China will be accessed by investing in securities listed on Hong Kong and other relevant exchanges and China A shares listed on the Shanghai and Shenzhen Stock Exchanges via Stock Connect. In pursuing the Fund’s investment objective, the fund manager may consider it appropriate to also invest in other transferable securities (including non-Chinese companies), money market instruments, collective investment schemes (including funds managed by the Invesco group), deposits and cash. Derivatives use: The Fund may use derivatives for efficient portfolio management purposes only, to reduce risk, reduce costs and/or generate additional capital or income.
Benchmark
MSCI China 10/40 Index GBP (Net Total Return)
Benchmark Category
-
IA Sector
China/Greater China
Fund Background
Valuation frequency
Daily
Valuation point
12:00
Fund type
ICVC
Launch price
£1.00
Fund currency
Pound Sterling
Fund domicile
United Kingdom
ISA allowable
Yes
SIPP allowable
Yes
Distribution Details
Income frequency
Annually
Distribution Type
No income
Distribution Payment Basis
Net
Ratings
FE Crown
Effect of Deductions
Assuming a growth rate of 6.00%
Assuming a growth rate of 7.00%
-
-
Fund Administration
Fund Trustee/Depository
Citibank
Fund Administrator
Internal
Fund Registrar
Internal
Fund Custodian
The Bank of New York Mellon (International) Limited
Group Details
Group name
Invesco ICVC
Group address
INVESCO Park
Henley-on-Thames
Oxfordshire
RG9 1HH
United Kingdom
Group telephone
0800 028 2121
Dealing telephone
0800 085 8571
Email
Sally.Elsbury@Invesco.com
Homepage
https://www.invesco.co.uk/uk
Fax number
01491 416000
Dealing
Minimum Investment
£500
Minimum Top Up
£100
Minimum Regular Saving
£20
Settlement Period: Buy
3 days
Settlement Period: Sell
3 days
Pricing Basis
Forward
Dealing Decimals
2
Important Information
Ongoing charges 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
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 ongoing charges, but take no account of product charges. Ongoing charges 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 GBP with 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. "Prudential" is a trading name of The Prudential Assurance Company Limited, which is registered in England and Wales. Registered office at 10 Fenchurch Avenue, London EC3M 5AG. Registered number 15454. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.