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
63.1%
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.
1.38%
Fund size
£241m
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.
185
Mid price
331
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.
365
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.
-9.32
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 plc63.1%
India Cap Grwth57.5%
Fidelity China Spec Sits Plc44.7%
VinaCapital Vietnam Opp32%
JP Morgan Indian IT plc25.3%
...more in IT Country Specialists Asia Pacific

Performance snapshot

Holdings snapshot

  • No data available.
  • Information Technology31.6%
    Financials19.6%
    Consumer Discretionary18.6%
    Health Care8.6%
    Industrials5.8%
  • Chinese Equities95.5%
    Property Shares3.4%
    Money Market1.1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund8.7%14.6%30.5%63.1%87.9%128.1%
Sector6.4%9.8%15.7%34.9%68.8%135.6%
Rank within sector3 / 72 / 71 / 71 / 73 / 74 / 7
Quartile2nd2nd1st1st2nd3rd
Calendar performance
 YTD - 20182017201620152014
Fund7.8%57.1%18.1%-4.7%11.4%
Sector4.4%32.5%30.7%-1%35.8%
Rank within sector2 / 72 / 75 / 76 / 77 / 7
Quartile2nd2nd3rd4th4th
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.
-0.16
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.
0.77
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%.
22.53
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.
15.8
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.
0.07
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.
0.51
Price movement
52 week high332.5
52 week low201
Current bid price329
Current offer price333
Current mid price331
Region
No data available.
Industry sector
1Information Technology31.6%
2Financials19.6%
3Consumer Discretionary18.6%
4Health Care8.6%
5Industrials5.8%
6Utilities3.7%
7Energy3.4%
8Real Estate3.4%
9Consumer Staples2.9%
Asset type
1Chinese Equities95.5%
2Property Shares3.4%
3Money Market1.1%
Individual holdings
1TENCENT HLDGS LTD9.9%
2ALIBABA GROUP HLDG LTD8.8%
3PING AN INSURANCE(GR)CO OF CHINA8%
4CHINA MERCHANTS BANK CO LTD3.9%
5BANK OF CHINA LTD3.1%
6JD.COM3.1%
7AAC TECHNOLOGIES HLDGS INC2.9%
8CNOOC2.8%
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, managing director, is a country specialist for Greater China equities and head of the Greater China Team within the Emerging Markets and Asia Pacific (EMAP) Equities Team. Based in Hong Kong, he leads the Greater China-dedicated portfolio management teams in Hong Kong and Taipei and serves as the primary advisor for the investment team at J.P. Morgan Asset Management’s (JPMAM) Shanghai-based joint venture China International Fund Management (CIFM). He joined the Firm in 2005 after eight years at Goldman Sachs, where he was managing director and head of the Taipei office as well as an executive director with Goldman's equities principal strategies team in Hong Kong. He began his career with Lazard Frères in 1995 as a financial analyst in mergers & acquisitions in New York. Howard obtained a B.A. summa cum laude in economics from Yale University, where he was elected vice president of Phi Beta Kappa.
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, managing director, is a country specialist for Greater China equities and a member of the Greater China team within the Emerging Markets and Asia Pacific (EMAP) Equities team. Based in Hong Kong, he joined the Firm in 2006 after eight years at 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. Emerson began his career with Morgan Stanley in 1994 as a financial analyst in the mergers, acquisitions and restructuring department in New York. Emerson obtained his B.S. magna cum laude in Applied Mathematics and International Studies from Yale University, where he was elected to Phi Beta Kappa.
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 price365
CurrencyGBX
Price updated18/01/2018
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
Data provided by

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