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Ranking
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Sector:
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Far East-Equity-General |
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Size:
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$297 590 000 |
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Sector Rank:
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12 out of 17 |
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(lump sum over 3 years to 31 Mar 2004)
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Overall Rank:
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71 out of 243 |
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(lump sum over 3 years to 31 Mar 2004)
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| R20000 invested on 31 Mar 2001 was worth R21 695 at 31 Mar 2004 |
(2.75% annual compound return)
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| R5000 per month since 31 Mar 2001 was worth R185 218 at 31 Mar 2004 |
(1.85% annual return compounded monthly)
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| Please note that offshore fund performance figures are calculated from NAV prices (ie, equivalent to sell-to-sell) and therefore not directly comparable to domestic fund performance figures on this site. |
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Management
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| Husan Pai |
| Pai is located in Hong Kong. |
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Focus and Objective
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This is a growth-oriented fund investing in companies in Asia ex Japan (including Australasia). Investments will be well diversified and tend to be in large and mid-sized companies, although there may be some smaller-company exposure.The team uses top-down analysis from the HSBC Global Investment Strategy Group and combines this with bottom-up research by fund managers and analysts. The team focuses on country allocation, as this is a key driver of performance, with sector and stock selection adding incremental value. Country allocation is made through assessing factors such as interest rates, inflation, government policies and valuations. Within each country, company visits, sector analysis and interest-rate sensitivity drive stock and sector choices.
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Technical overview
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| Formation Date: |
21 Jun 1974 |
| Holdings: |
113 |
| Original Price: |
1 823.00 |
| Pricing System: |
Forward |
| Base Currency: |
$ |
| Domicile: |
Luxembourg |
| Rollup Fund: |
No |
| Benchmark: |
MSCI AC Far East Free Ex Japan |
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Top holdings on 31 Mar 2004
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Share (Sector)
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Value
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% of fund
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| SAMSUNG (Goods & Services) |
$26 306 956 |
8.84% |
| TAIWANSEMICON (Technology) |
$6 576 739 |
2.21% |
| SUNHUNGKAI (Cyclical Goods & Services) |
$6 338 667 |
2.13% |
| KOOKMINBANK (Banks) |
$6 070 836 |
2.04% |
| HUTCHISONWHM (Goods & Services) |
$6 041 077 |
2.03% |
| CHEUNGKONG (Cyclical Goods & Services) |
$5 803 005 |
1.95% |
| POSCO (Basic Resources) |
$5 207 825 |
1.75% |
| CHINAMOBILE (Telecom) |
$4 910 235 |
1.65% |
| DBSGROUP (Banks) |
$4 850 717 |
1.63% |
| KEPPEL (Goods & Services) |
$4 582 886 |
1.54% |
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TOTALS
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$76 688 943
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25.77%
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