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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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$32 700 000 |
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Sector Rank:
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11 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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70 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 727 at 31 Mar 2004 |
(2.80% annual compound return)
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| R5000 per month since 31 Mar 2001 was worth R184 027 at 31 Mar 2004 |
(1.43% 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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| Ayaz Ebrahim |
| 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 predominantly in large and mid-sized companies, although there is the flexibility to invest significantly in smaller companies.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 Nov 1997 |
| Holdings: |
80 |
| Original Price: |
1 000.00 |
| Pricing System: |
Forward |
| Base Currency: |
$ |
| Domicile: |
Luxembourg |
| Rollup Fund: |
No |
| Benchmark: |
MSCI AC Far East Free Ex Japan index |
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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) |
$3 198 060 |
9.78% |
| CHEUNGKONG (Cyclical Goods & Services) |
$1 190 280 |
3.64% |
| PUBLICBANK (Banks) |
$1 043 130 |
3.19% |
| CHINAMOBILE (Telecom) |
$994 080 |
3.04% |
| SAMSUNGSDI (Equities) |
$882 900 |
2.70% |
| TAIWANSEMICON (Technology) |
$856 740 |
2.62% |
| UNITEDOVRSEA (Banks) |
$850 200 |
2.60% |
| HUTCHISONWHM (Goods & Services) |
$732 480 |
2.24% |
| POSCO (Basic Resources) |
$693 240 |
2.12% |
| UNITEDMICRO (Technology) |
$673 620 |
2.06% |
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TOTALS
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$11 114 730
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33.99%
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