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First State Grtr China Gth

Quick Stats

Fund currency GBX Change on day 2.59p Sector IMA Asia Pacific Excluding Japan
Bid price - Change on day 0.70 % Fund Size £478m 31/07/2010
Mid price 373.66p Yield 0.47 % Fund type UK OEICs
Offer price - Unit type Accumulation Available as ISA
Price date 12:00 02/09/2010 Crown RatingFinancial Express Crown Rating Launch date 01/12/2003

Fund Objective

To achieve long term capital growth. The Fund invests in equity and equity related securities issued by companies with either assets in, or revenues derived from, the People's Republic of China, Hong Kong, and Taiwan.

Purchase Information

Min. Investment £1,000
Min. Top-up £500
Standard Initial
Charge		 4.00 %
Annual Management
Charge		 1.75 %
Dividend Dates Feb 01, Aug 01

Manager Information

Manager name Martin Lau
Manager since 01/12/2003
Manager's biography Martin Lau was appointed Director, Greater China Equities in October 2003 following the merger of the Edinburgh-based Asia Pacific team with the Hong Kong and Singapore Asian teams in September 2003. Martin joined First State Investments in April 2002 as Senior Portfolio Manager, responsible for the management of First State's Greater China and regional funds.Martin started his investment career in 1995 with BZW in London as part of their risk management team. He subsequently spent six years with Invesco as a fund manager responsible for the Greater China funds, Smaller Companies fund and regional portfolios. Martin graduated from Cambridge University with a Bachelor of Arts degree and a Masters degree in Engineering. He is also a CFA charterholder.
Manager name Ho Hsiu Mei
Manager since 01/03/2007
Manager's biography Hsiu-Mei joined First State Investments in January 2003 as senior portfolio manager. She is a specialist in Taiwan, Korea and technology equities. Hsiu-Mei brings 14 years experience to her role gained at reputable investment managers, including Citigroup Asset Management and Schroder Investment Management (Hong Kong) Limited. Whilst with Schroders from 1990 to 2000, Hsiu-Mei managed some of the top performing Taiwan and Asian Emerging Markets funds in the industry at that time. Hsiu-Mei graduated from the National Taiwan University with a Bachelor of Arts (major in Economics) and holds an MBA (major in Finance) from the University of California, Berkeley, USA.

Performance Chart

    First State Grtr China Gth
    IMA Asia Pacific Excluding Japan

Cumulative Performance

  3 mth 6 mth 1 yr 3 yr 5 yr
Fund 6.72 % 7.83 % 32.53 % 41.69 % 176.69 %
Sector 3.66 % 1.34 % 21.24 % 20.40 % 95.88 %
Relative to sector 3.06 % 6.49 % 11.29 % 21.29 % 80.81 %
Rank within sector 19 / 94 9 / 92 3 / 90 7 / 82 1 / 70
Quartile 1 1 1 1 1

Discrete Performance Last Quarter End

  01/07/2009 -
30/06/2010		 01/07/2008 -
30/06/2009		 01/07/2007 -
30/06/2008		 01/07/2006 -
30/06/2007		 01/07/2005 -
30/06/2006
Fund 34.35 % 3.41 % 4.84 % 52.13 % 17.40 %
Sector 31.53 % -5.13 % -4.90 % 36.52 % 20.42 %
Relative to sector 2.81 % 8.54 % 9.73 % 15.60 % -3.01 %
Quartile 1 2 1 1 2

Discrete Performance by Calendar Year

  YTD 2009 2008 2007 2006
Fund 12.28 % 55.08 % -25.95 % 44.66 % 32.49 %
Sector 4.60 % 52.54 % -33.12 % 36.79 % 18.10 %
Relative to sector 7.68 % 2.53 % 7.17 % 7.88 % 14.39 %
Quartile 1 2 1 1 1

Fund Holdings - as at July 31, 2010

Top 10 Holdings % of Fund
1 CHEUNG KONG(HLDGS) 4.70 %
2 DELTA ELECTRONICS INC 3.70 %
3 JARDINE MATHESON HLDGS 3.40 %
4 YANTAI CHANGYU PIONEER WINE 3.30 %
5 CHUNGHWA TELECOM 2.90 %
6 CNOOC 2.80 %
7 HENGAN INTERNATIONAL 2.70 %
8 LI NING CO LTD 2.60 %
9 CHINA RESOURCES POWER HLDGS CO 2.60 %
10 TAIWAN SEMICONDUCTOR CO 2.60 %

Sector Weighting - as at July 31, 2010

Sector % of Fund
1 Financials 25.40 %
2 Information Technology 16.40 %
3 Consumer Staples 14.30 %
4 Consumer Discretionary 10.20 %
5 Money Market 9.30 %
6 Telecommunications Utilities 5.90 %
7 Utilities 5.00 %
8 Industrials 4.30 %
9 Energy 3.90 %
10 Health Care 2.60 %
Others 2.70 %

Region Weighting - as at July 31, 2010

Region % of Fund
1 China 41.80 %
2 Taiwan 25.30 %
3 Hong Kong 21.90 %
4 Money Market 9.30 %
5 Singapore 1.70 %


Asset Weighting - as at July 31, 2010

Asset % of Fund
1 China Equities 90.70 %
2 Money Market 9.30 %