Fact sheet: JP Morgan Chinese IT plc

Fund information
Fund name
JP Morgan Chinese IT plc
Fund manager company
JP Morgan Asset Management UK
Fund type
Investment Trust
Fund managers
  • Howard Wangsince 30/09/2005
  • William Tongsince 01/03/2010
  • Shumin Huangsince 01/12/2007
  • Emerson Yipsince 30/04/2006
Fund objective
The Company aims to provide long term capital growth by investment in companies which are quoted on the stock exchanges of Hong Kong, China and Taiwan or which derive a substantial part of their revenues or profits from these territories. The Company has the ability to use borrowing to gear the portfolio within the range of 10% net cash to 20% geared in normal market conditions.
Benchmark
  • MSCI China
Investment style
Growth
Investment method
No data available.
Quick stats
1 Year return
61.9%
1 Year rank in sector
1/7
Sector
IT Country Specialists Asia Pacific
Yield
0.5%
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.
1.44%
Fund size
£234m
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.
161
Mid price
320.5
NAV
?Net asset value. The NAV per share may be higher or lower than the share price, which in turn is trading at either a discount or a premium to NAV.
357.1
Discount/Premium
?When the market price of an investment trust’s shares is less than the net asset value (NAV) per share then it is trading at a discount to NAV. A trust’s shares are on a premium when they trade at a higher price than the NAV.
-10.25
Gearing
?Investment trusts have the ability to borrow money which they invest with the aim of generating a higher return than the cost of the loan. An ungeared trust has a figure of 100. A figure of 110 would represent a trust with 10% gearing.
110
Top in this sector
Fund name1 Year
JP Morgan Chinese IT plc61.9%
India Cap Grwth41.6%
Fidelity China Spec Sits Plc38.2%
VinaCapital Vietnam Opp28%
JP Morgan Indian IT plc26.2%
...more in IT Country Specialists Asia Pacific

Performance snapshot

Holdings snapshot

  • No data available.
  • Information Technology30.3%
    Consumer Discretionary21%
    Financials18.8%
    Health Care8.6%
    Industrials5.8%
  • Chinese Equities96.9%
    Property Shares3.1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund10.5%20.9%38.8%61.9%88.9%157.1%
Sector2.7%7.8%13.1%31.6%69.1%152.9%
Rank within sector1 / 71 / 71 / 71 / 72 / 74 / 7
Quartile1st1st1st1st2nd3rd
Calendar performance
 YTD - 20172016201520142013
Fund63.1%18.1%-4.7%11.4%11.6%
Sector30.1%30.7%-1%35.8%2.9%
Rank within sector1 / 76 / 87 / 87 / 84 / 8
Quartile1st3rd4th4th2nd
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.
-0.13
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.
1.14
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.
0.8
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%.
22.27
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.
14.78
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.
0.08
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.
0.56
Price movement
52 week high323.63
52 week low191
Current bid price316
Current offer price325
Current mid price320.5
Region
No data available.
Industry sector
1Information Technology30.3%
2Consumer Discretionary21%
3Financials18.8%
4Health Care8.6%
5Industrials5.8%
6Utilities4.8%
7Energy3.8%
8Real Estate3.1%
9Consumer Staples2.2%
Asset type
1Chinese Equities96.9%
2Property Shares3.1%
Individual holdings
1ALIBABA GROUP HLDG LTD9.5%
2TENCENT HLDGS LTD9.3%
3PING AN INSURANCE(GR)CO OF CHINA6.8%
4CHINA MERCHANTS BANK CO LTD5.7%
5BANK OF CHINA LTD3.5%
6JD.COM3.5%
7CNOOC3%
8AAC TECHNOLOGIES HLDGS INC2.8%
9BAIDU INC2%
Management
Fund manager group
J.P. Morgan Asset Management
Fund manager company
JP Morgan Asset Management UK
Fund type
Investment Trust
Fund objective
The Company aims to provide long term capital growth by investment in companies which are quoted on the stock exchanges of Hong Kong, China and Taiwan or which derive a substantial part of their revenues or profits from these territories. The Company has the ability to use borrowing to gear the portfolio within the range of 10% net cash to 20% geared in normal market conditions.
Benchmark
  • MSCI China
Investment style
Growth
Investment method
No data available.
Fund managers
NameSinceBiography
Howard Wang30/09/2005Howard Wang - BA (summa cum laude) Economics - Yale University. Managing Director, head of Greater China team, responsible for managing portfolios investing in the China, Taiwan and Hong Kong markets, while also leading and coordinating the investment process for the Pacific Regional Group's Greater China-dedicated portfolio managers located in both Hong Kong and Taipei. He also serves as the primary advisor and liaison with the investment team at JPMAM's Shanghai-based joint venture China International Fund Management. 2005 - Joined JF Asset Management as a regional investment manager and head of the Greater China team which forms part of the Pacific Regional Group in Hong Kong. 1997 -Joined Goldman Sachs, later appointed as an executive director with the equities principal strategies team in Hong Kong and then managing director of Taiwan sellside equities business and general manager of the Taipei office. 1996- Worked as an analyst with private equity investors Morgan Stanley Capital Partners. 1995 - Joined Lazard Freres in New York as a mergers & acquisitions analyst.
William Tong01/03/2010William Tong, managing director, is a country specialist for Taiwan equities within the Emerging Markets and Asia Pacific (EMAP) Equities Team and the chief investment officer of J.P. Morgan Asset Management (JPMAM) in Taiwan. William joined the Firm in 2008 after eleven years with Goldman Sachs where he was head of Taiwan equities. He had also previously been head of Singapore equities sales for Goldman. William began his career in 1994 with Kay Hian James Capel with the European / Asian equity sales team. William obtained a Bachelor of Business Administration from the National University of Singapore.
Shumin Huang01/12/2007Mr. Shumin Huang had done BS (Business Administration) in National University of Taiwan and MBA from London Business School. In 1992 Shumin joined UBS Taiwan as a research analyst covering steel and financials sectors. In 1996 he was transferred to Hong Kong as director and head of Asia Pacific chemical research. In 1997 Shumin joined Goldman Sachs as an associate in Global Investment Research and was later appointed managing director and head of Asia-Pacific Energy and Chemicals team. In 2006 Shumin joined JF Asset Management as an investment manager with the Greater China team which forms part of the Pacific Regional Group in Hong Kong.
Emerson Yip30/04/2006Emerson Yip - B.S. (magna cum laude) Applied Mathematics - Yale University Phi Beta Kappa. 2006 - Joined the firm as an investment manager with the Greater China team, which forms part of the Pacific Regional Group in Hong Kong. 1998 - Joined Newbridge Capital where he was a director responsible for managing funds dedicated to private equity investment opportunities throughout Asia. During his time at Newbridge, Emerson worked in the Hong Kong, Singapore and San Francisco offices, responsible for their investment activities across various industry sectors and geographies. 1996 - Joined a New York-based private equity firm, Bessemer Partners & Co. as an investment associate. 1994 - Joined Morgan Stanley as a financial analyst, initially working in the New York mergers, acquisition and restructuring department and subsequently transferring to their Hong Kong corporate finance and execution division in 1995.
Compliance
AIC Member
Domicile
No data available.
Fund for sale in
United Kingdom
JP Morgan Chinese IT plc
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price357.1
CurrencyGBX
Price updated16/11/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNJOO
JP Morgan Chinese IT plc Sub
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price0.01
Offer price0.75
Mid price0.38
CurrencyGBX
Price updated15/05/2013
Type-
Institutional or retail classRetail
Domicile-
Citi codeCUK4
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