PIA HSBC Chinese Equity Ser B USD

Essentials Portfolio Analysis Background Data Investment Risk Performance View PDF Factsheet
Portfolio data accurate as at:

Performance

Discrete performance - to last month end

31/07/17
to
31/07/18
31/07/18
to
31/07/19
31/07/19
to
31/07/20
31/07/20
to
31/07/21
31/07/21
to
31/07/22
Fund 3.0% -5.3% 27.3% 3.8% -27.3%
Sector 2.7% 1.7% -2.3% 24.3% -21.4%
Rank 110/245 207/262 4/264 248/276 172/276
Quartile 2 4 1 4 3

Annualised performance

Annualised
3 Years to
31/07/22
5 Years to
31/07/22
10 Years to
31/07/22
Fund -1.4% -1.3% 4.6%
Sector -1.5% 0.0% 0.8%
Rank 119/261 138/242 42/167
Quartile 2 3 1

Top 10 Holdings

Stock % Weight
TENCENT HLDGS LTD 7.75
ALIBABA GROUP HLDG LTD 7.20
CHINA CONSTRUCTION BANK CORPORATION 7.05
Hong Kong Treasury Bill 0% 15/06/2022 6.16
NETEASE INC 5.46
CNOOC 5.37
MEITUAN 4.98
CHINA TELECOM CORP 3.73
CHINA MENGNIU DAIRY CO LTD 3.21
KWEICHOW MOUTAI 3.04
Total 53.95

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 capital growth of your investment over time. The fund will invest primarily in equity securities (shares) or similar securities of companies in China. This means companies based in China or companies from any country, but which carry out most of their business in China. The fund may invest in companies of any size. The fund may use derivatives for hedging or efficient portfolio management. The fund is denominated in US dollars.

Fund Manager

Caroline Yu Maurer manager of the underlying fund for 1 years and 10 months

Photo of Caroline Yu Maurer TBC

Fund Overview

Bid (12/08/2022) 2.87
Offer (12/08/2022) 3.02
Fund size (30/06/2022) $1.47m
Underlying Fund size £846.15m
Number of holdings 69
Launch date 28/10/2005

Fund Charges

Annual Management Charge (AMC) 1.70%
Further Costs 0.40%
Yearly Total 2.10%

Asset Allocation

pie chart
  International Equities 88.67%
  Property 2.85%
  Cash and Equivalents 2.03%
  Alternative Trading Strategies 0.00%
  Other Assets 6.45%
Portfolio data accurate as at: 31/05/22

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 client’s investment can go down as well as up and the amount your client gets back may be less than they put in.

This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s 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

pie chart
  International Equities 88.67%
  Property 2.85%
  Cash and Equivalents 2.03%
  Alternative Trading Strategies 0.00%
  Other Assets 6.45%

Equity Sector Breakdown

Expand allCollapse all
Industry Supersector Sector Subsector
 
Consumer Discretionary 23.14% - - -
 
Retail - 11.33% - -
 
Retailers - - 11.33% -
 
Diversified Retailers - - - 11.33%
 
Consumer Products & Services - 9.21% - -
 
Leisure Goods - - 5.46% -
 
Electronic Entertainment - - - 5.46%
 
Personal Goods - - 1.88% -
 
Clothing & Accessories - - - 1.88%
 
Household Goods & Home Construction - - 1.02% -
 
Household Appliance - - - 0.65%
 
Household Equipment & Products - - - 0.37%
 
Consumer Services - - 0.85% -
 
Consumer Services: Misc. - - - 0.85%
 
Automobiles & Parts - 2.28% - -
 
Automobiles & Parts - - 2.28% -
 
Automobiles - - - 2.11%
 
Auto Parts - - - 0.16%
 
Travel & Leisure - 0.32% - -
 
Travel & Leisure - - 0.32% -
 
Hotels & Motels - - - 0.32%
 
Technology 16.86% - - -
 
Technology - 16.86% - -
 
Software & Computer Services - - 13.91% -
 
Consumer Digital Services - - - 13.91%
 
Technology Hardware & Equipment - - 2.95% -
 
Electronic Components - - - 1.49%
 
Semiconductors - - - 1.46%
 
Financials 11.00% - - -
 
Banks - 9.14% - -
 
Banks - - 9.14% -
 
Banks - - - 9.14%
 
Insurance - 1.86% - -
 
Life Insurance - - 1.86% -
 
Life Insurance - - - 1.86%
 
Consumer Staples 10.76% - - -
 
Food, Beverage & Tobacco - 10.76% - -
 
Food Producers - - 7.36% -
 
Food Products - - - 7.36%
 
Beverages - - 3.40% -
 
Distillers & Vintners - - - 3.04%
 
Brewers - - - 0.36%
 
Non-Classified 6.45% - - -
 
Real Estate 5.72% - - -
 
Real Estate - 5.72% - -
 
Real Estate Investment & Services - - 2.86% -
 
Real Estate Holding and Development - - - 2.84%
 
Real Estate Services - - - 0.02%
 
Real Estate Investment Trusts - - 2.85% -
 
Retail REITs - - - 2.85%
 
Energy 5.70% - - -
 
Energy - 5.70% - -
 
Non-Renewable Energy - - 5.70% -
 
Oil: Crude Producers - - - 5.37%
 
Integrated Oil & Gas - - - 0.34%
 
Telecommunications 5.37% - - -
 
Telecommunications - 5.37% - -
 
Telecommunications Service Providers - - 3.73% -
 
Telecommunications Services - - - 3.73%
 
Telecommunications Equipment - - 1.63% -
 
Telecommunications Equipment - - - 1.63%
 
Utilities 4.80% - - -
 
Utilities - 4.80% - -
 
Electricity - - 4.80% -
 
Alternative Electricity - - - 2.50%
 
Conventional Electricity - - - 2.31%
 
Health Care 4.02% - - -
 
Health Care - 4.02% - -
 
Pharmaceuticals & Biotechnology - - 4.02% -
 
Biotechnology - - - 2.38%
 
Pharmaceuticals - - - 1.64%
 
Industrials 3.08% - - -
 
Construction & Materials - 3.08% - -
 
Construction & Materials - - 3.08% -
 
Cement - - - 1.56%
 
Building Materials: Other - - - 0.82%
 
Engineering & Contracting Services - - - 0.70%
 
Cash and Equivalents 2.03% - - -
 
Basic Materials 1.09% - - -
 
Basic Resources - 1.09% - -
 
Industrial Metals & Mining - - 0.57% -
 
Nonferrous Metals - - - 0.57%
 
Precious Metals & Mining - - 0.52% -
 
Gold Mining - - - 0.52%
 
Alternative Trading Strategies 0.00% - - -
 
Alternative Trading Strategies - 0.00% - -
 
Alternative Trading Strategies - - 0.00% -
 
Alternative Trading Strategies - - - 0.00%

Regional Allocation

pie chart
  Emerging Asia 63.30%
  Developed Asia 20.21%
  Non-Classified 6.45%
  North America 4.35%
  Property 2.85%
  Cash and Equivalents 2.03%
  Developed Europe - Excl UK 0.82%

Fixed Interest Currencies

pie chart
  Non-Fixed Interest Assets 98.67%
  Cash 0.70%
  US Dollar 0.62%

Regional Breakdown

Expand allCollapse all
Region Country
 
Emerging Asia 63.30% -
 
China - 62.60%
 
Taiwan - 0.70%
 
Developed Asia 20.21% -
 
Hong Kong - 20.21%
 
Non-Classified 6.45% -
 
North America 4.35% -
 
United States - 4.35%
 
Property 2.85% -
 
Cash and Equivalents 2.03% -
 
Developed Europe - Excl UK 0.82% -
 
Luxembourg - 0.82%

Breakdown By Market Cap (%)

Mega
 
 
61.83%
Large
 
 
16.24%
Medium
 
 
2.84%
Non-Classified
 
 
17.06%
Cash
 
 
2.03%

Top 10 Holdings

Stock % Weight Sector Country
1 TENCENT HLDGS LTD 7.75% Software & Computer Services Hong Kong
2 ALIBABA GROUP HLDG LTD 7.20% Retailers China
3 CHINA CONSTRUCTION BANK CORPORATION 7.05% Banks China
4 Hong Kong Treasury Bill 0% 15/06/2022 6.16% Non-Classified Non-Classified
5 NETEASE INC 5.46% Leisure Goods China
6 CNOOC 5.37% Non-Renewable Energy Hong Kong
7 MEITUAN 4.98% Software & Computer Services China
8 CHINA TELECOM CORP 3.73% Telecommunications Service Providers China
9 CHINA MENGNIU DAIRY CO LTD 3.21% Food Producers China
10 KWEICHOW MOUTAI 3.04% Beverages China

Dual Aspect Equity Analysis

UK Equities Int'l Equities UK Bonds Int'l Bonds UK Gilts Property Other Cash & Equiv Total
Technology - 16.86% - - - - - - 16.86%
Telecommunications - 5.37% - - - - - - 5.37%
Financials - 11.00% - - - - - - 11.00%
Real Estate - 2.86% - - - 2.85% - - 5.72%
Consumer Discretionary - 23.14% - - - - - - 23.14%
Consumer Staples - 10.76% - - - - - - 10.76%
Energy - 5.70% - - - - - - 5.70%
Utilities - 4.80% - - - - - - 4.80%
Health Care - 4.02% - - - - - - 4.02%
Industrials - 3.08% - - - - - - 3.08%
Basic Materials - 1.09% - - - - - - 1.09%
Cash and Equivalents - - - - - - - 2.03% 2.03%
Non-Classified - - - - - - 6.45% - 6.45%

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 investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s 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 capital growth of your investment over time. The fund will invest primarily in equity securities (shares) or similar securities of companies in China. This means companies based in China or companies from any country, but which carry out most of their business in China. The fund may invest in companies of any size. The fund may use derivatives for hedging or efficient portfolio management. The fund is denominated in US dollars.
Benchmark MSCI China 10/40 Net
Sector OI Global Emerging Markets Equities

Ratings

FE Crown Crown Rating of 4

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 investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s 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.

Risk Analysis

Ratio Value
Alpha 0.09
Beta 0.68
Sharpe -0.01
Standard Deviation 19.76
Info Ratio -0.01

Risk Factors

Risk Factor Yes / No
Charges to Capital No
Emerging Markets Yes
Concentrated Portfolio No
Smaller Companies No
High Yield Bonds No
Sector Specific No
Geared Investments No
Value of Investments Yes
Investments Long Term Yes
Property No
Exchange Rate Yes
Higher Risk Yes
Performance Charges No
Derivative Exposure Yes
Offshore Yes
Income Eroding Capital Growth No
Umbrella Liabilities No
New Fund No
Solvency of Depository No
Solvency of Bond Issuers No
Ethical Restrictions No
Liquidity No
Returns Are Not Guaranteed Yes
Inflation Yes
Taxation and Tax Relief Yes

Fund Specific Risks

Emerging Markets

The fund invests in emerging markets. Generally less well regulated than the UK. There is an increased chance of political and economic instability with less reliable custody, dealing and settlement arrangements. The market(s) can be less liquid. If a fund investing in markets is affected by currency exchange rates, the investment could either increase or decrease. These investments therefore carry more risk.

Value of Investments

The value of investments, and any income can fall, as well as rise, so you could get back less than you invested. Neither capital nor income is guaranteed.

Investments Long Term

Investments should be regarded as long term and are not suitable for money which may be needed in the short term, you should always have a sufficient cash reserve.

Exchange Rate

This fund invests in securities outside the UK. The value of investments and any income from them may therefore decrease or increase as a result of changes in exchange rates between currencies.

Higher Risk

This fund is specifically aimed at sophisticated investors and is particularly high risk, because it concentrates on a region that may be exposed to unusual political or economic risks. You should only invest if you are comfortable with the specific risks pertaining to the fund in question. If you are not familiar with these you should ask us for a copy of the provider's key features and brochure.

Derivative Exposure

The fund invests in derivatives as part of its investment strategy, over and above their use for Efficient Portfolio Management (EPM). Investors should be aware that the use of these instruments can, under certain circumstances, increase the volatility and risk profile of the Fund beyond that expected of a fund that only invests in equities. The fund may also be exposed to the risk that the company issuing the derivative may not honour their obligations which in turn could lead to losses arising.

Offshore

The fund is not UK domiciled, and investors are not normally entitled to compensation through the UK Financial Services Compensation Scheme.

Returns Are Not Guaranteed

What you receive when you sell your investment is not guaranteed; it depends on how your investments perform.

Inflation

Inflation will reduce the real value of your investments in future.

Taxation and Tax Relief

Levels of taxation and tax relief are subject to change.

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 risk factor definitions are provided by Broadridge. These definitions may differ from those of Prudential or any underlying fund manager. The data itself is provided by Prudential or the underlying fund manager.

This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s 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 client’s investment can go down as well as up and the amount your client gets back may be less than they put in.

This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s 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.