Fact sheet: Baring Eastern

Rated Fund Information
Rated Funds Group
?Money Observer has arranged all its Rated Funds into easy to understand Rated Fund Groups, comprising funds and investment trusts.
ASIA EQUITIES
Sector
UT Asia Pacific Excluding Japan
Fund type
Unit Trust
Primary aim
No data available.
Why Money Observer Rates Baring Eastern

New Rated Fund. Looks to invest in a new generation of entrepreneurs

Investing in 'new Asia' rather than traditional 'old Asia' companies is a focus for Baring Eastern's manager Hyung Jin Lee, who is head of Asian equities at Barings and lead manager on the Baring Korea fund. He has managed this fund, which invests across the Asia-Pacific region excluding Japan, since 2012.

He uses the term new Asia to describe the next generation of companies emerging across the region, as opposed to those found in economic areas that have already experienced strong expansion such as real estate, industrial, material, mining, oil and some finance firms, which he believes may not have so much future potential.

Hyung looks for companies with longterm structural growth drivers that meet his quality 'growth at a reasonable price' criteria. He focuses on businesses benefiting from the economic development of the region.

He says the types of companies he buys vary, but they have characteristics in common: they are entrepreneurial, innovative and use cutting-edge technology. These companies can be found in a wide range of industries, including tourism, healthcare, consumer discretionary, consumer staples, education and beauty.

However, he says the specific sector is unimportant. He seeks out market leaders that provide competitive products and services, and possess the right combination of growth and quality characteristics, wherever he can find them.

He says he finds new Asia opportunities right across the region, although mostly in northerly Asian countries such as China and South Korea, where economic development is greater and infrastructure stronger.

3 Year Performance
Fund Performance66.1%
Average of Rated Funds Group47.5%
Sector Performance42.6%
Fund information
Fund name
Baring Eastern Trust I Inc GBP
Fund manager company
Baring Asset Management Limite
Fund type
Unit Trust
Fund managers
  • HyungJin Leesince 31/07/2012
Accolades
Fund objective
The investment objective of the Trust is to achieve long-term capital growth by investing in the Asia Pacific region excluding Japan.
Benchmark
  • MSCI AC Asia ex Japan
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
30.4%
1 Year rank in sector
2/59
Sector
UT Asia Pacific Excluding Japan
Yield
0.4%
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
1.07%
Fund size
£111m (£54m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
129
Top in this sector
Fund name1 Year
Baillie Gifford Pacific31.8%
Baring Eastern Trust30.4%
JPM Asia Growth29.7%
Smith & Williamson Oriental Gth25.4%
Investec Asia Ex Japan24.6%
...more in UT Asia Pacific Excluding Japan

Performance snapshot

Holdings snapshot

  • China28.1%
    Taiwan18.8%
    Korea16.7%
    India9.5%
    Thailand7.6%
  • Information Technology30.1%
    Consumer Discretionary16.1%
    Financials15.3%
    Industrials9.6%
    Materials9.4%
  • Chinese Equities28.1%
    Taiwanese Equities18.8%
    South Korean Equities16.7%
    Indian Equities9.5%
    Thai Equities7.6%

Fund also available on these pension platforms:

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-3.3%-1.2%11.1%30.4%66.1%91.7%
Sector-3.9%-1.9%2.5%12.3%42.6%54.9%
Rank within sector14 / 6021 / 601 / 592 / 596 / 552 / 47
Quartile1st2nd1st1st1st1st
Calendar performance
 YTD - 20182017201620152014
Fund-1.5%42.2%19.4%4.4%17.2%
Sector-2.7%24.4%27.3%-3.8%9.2%
Rank within sector14 / 603 / 5954 / 574 / 553 / 52
Quartile1st1st4th1st1st
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
5.4
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
0.98
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
1.06
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
14.77
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
6.15
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
0.8
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.82
Price movement
52 week high1175
52 week low849.6
Current bid price-
Current offer price-
Current mid price1111
Region
1China28.1%
2Taiwan18.8%
3Korea16.7%
4India9.5%
5Thailand7.6%
6Others5.6%
7Hong Kong5.1%
8Indonesia4.7%
9Money Market3.9%
Industry sector
1Information Technology30.1%
2Consumer Discretionary16.1%
3Financials15.3%
4Industrials9.6%
5Materials9.4%
6Others6.9%
7Energy5.5%
8Cash & Cash Equivalents3.9%
9Health Care3.2%
Asset type
1Chinese Equities28.1%
2Taiwanese Equities18.8%
3South Korean Equities16.7%
4Indian Equities9.5%
5Thai Equities7.6%
6International Equities5.6%
7Hong Kong Equities5.1%
8Indonesian Equities4.7%
9Money Market3.9%
Individual holdings
1TENCENT HLDGS LTD6.76%
2SAMSUNG ELECTRONICS CO4.51%
3PING AN INSURANCE(GR)CO OF CHINA2.94%
4YANGZIJIANG SHIPBUILDING (HLDGS)LTD2.54%
5TAIWAN SEMICONDUCTOR MANUFACTURING2.53%
6GLOBALWAFERS CO LTD2.43%
7OCI CO LTD2.36%
8CHINA MOLYBDENUM CO2.31%
9ZTE CORP2.31%
Management
Fund manager group
Baring
Fund manager company
Baring Asset Management Limite
Fund type
Unit Trust
Fund objective
The investment objective of the Trust is to achieve long-term capital growth by investing in the Asia Pacific region excluding Japan.
Benchmark
  • MSCI AC Asia ex Japan
Investment style
Growth
Investment method
Shares
Fund managers
NameSinceBiography
HyungJin Lee31/07/2012HyungJin Lee is Head of Asian Equities at Barings and takes the lead role in managing investment and research activities across the Asia ex Japan region. Jin has responsibility for managing a number of regional products and mandates, including the Baring Asia Growth Fund, the Baring Eastern Trust and the Baring Korea Trust. Jin was born in the Korean capital Seoul, but spent a large part of his youth on the west coast of the United States after his parents moved to the San Francisco Bay Area when he was a teenager. After successfully completing a Bachelor of Arts degree in Philosophy from the University of California, Berkeley, Jin moved back to Korea, where he landed a role as a sell-side analyst in Korea’s burgeoning Financial Services sector.
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Germany, France, United Kingdom, Hong Kong, Ireland, Macau
Baring Eastern Trust A Acc GBP
Initial charge5%
Annual charge1.5%
Min single investment£1,000
Min regular saving£500
Available in ISAYes
Ongoing charge (OCF)1.82%
Total expense ratio (TER)1.8%
Bid price-
Offer price-
Mid price1101
CurrencyGBX
Price updated15/02/2018
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeBO11
Baring Eastern Trust A Acc USD
Initial charge5%
Annual charge1.5%
Min single investment£1,000
Min regular saving£2,500
Available in ISAYes
Ongoing charge (OCF)1.82%
Total expense ratio (TER)1.77%
Bid price-
Offer price-
Mid price15.46
CurrencyUSD
Price updated15/02/2018
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeB075
Baring Eastern Trust A Inc GBP
Initial charge5%
Annual charge1.5%
Min single investment£1,000
Min regular saving£500
Available in ISAYes
Ongoing charge (OCF)1.82%
Total expense ratio (TER)1.77%
Bid price-
Offer price-
Mid price1081
CurrencyGBX
Price updated15/02/2018
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeB8T6
Baring Eastern Trust A USD EUR
Initial charge5%
Annual charge1.5%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.82%
Total expense ratio (TER)-
Bid price8.5883
Offer price9.0172
Mid price-
CurrencyEUR
Price updated29/03/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGTVF
Baring Eastern Trust D Inc GBP
Initial charge-
Annual charge-
Min single investment£20,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.84%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1113
CurrencyGBX
Price updated15/02/2018
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeN39W
Baring Eastern Trust I Acc GBP
Initial charge-
Annual charge0.75%
Min single investment£10,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.07%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1130
CurrencyGBX
Price updated15/02/2018
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeJ6JB
Baring Eastern Trust I Inc GBP
Initial charge-
Annual charge0.75%
Min single investment£10,000,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)1.07%
Total expense ratio (TER)1.05%
Bid price-
Offer price-
Mid price1111
CurrencyGBX
Price updated15/02/2018
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeG5ZZ
Data provided by

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