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First State China Focus I Acc USD

Ranked 2 out of 158 in - China over 12 months
All calculations are in USD unless stated

Managed by

Martin Lau

Having graduated from Cambridge University with a Bachelor of Arts degree and a Masters in Engineering, Martin Lau has progressed from a somewhat industrious education to Investment Fund Management and now has over 10 years experience in the industry. Born in Hong Kong in 1972, Lau started his investment career in 1995 at 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. Lau currently manages a range of China and Asia funds for First State. He describes his investment style for many of the funds he runs as bottom up stock selection with strong macro overlay. He also focuses heavily on quality, growth and price. A keen badminton player, Lau also enjoys playing tennis, walking and going to the cinema.

Quanqiang Xian

Quanqiang Xian of First State Investments specialises in Chinese equities with a focus on large and mid-cap companies. Previously, he was an analyst with Orbis Investment Advisory in London, researching Chinese equities. A CFA charterholder, he started his career with the government of Singapore.

Objective

The Fund aims to grow your investment. The Fund mainly invests in shares of large and mid sized companies that are based in or have significant operations in mainland China. These companies generally have a total stock market value of at least US$1 billion.

Showing fund performance globally. You can view performance in individual jurisdictions.

Performance

China over : 30/11/2017 - 30/11/2018

Total Return

Quarterly Performance

to 30/09/2018 Annual Q1 Q2 Q3 Q4
2018 -1.9% 0.0% -1.7%
2017 26.5% 9.9% 1.0% 11.4% 2.3%
2016 -3.6% -9.6% -4.0% 10.7% 0.3%
2015 -15.9% 8.0% -3.0% -23.3% 4.7%
2014 -4.7% -5.8% 4.1% 0.0% -2.8%
2013 17.3% 0.0% 0.0% 11.6% 5.0%
2012 21.6% 13.9% -7.9% 8.6% 6.7%
2011 -14.8% 2.1% 0.1% -17.7% 1.3%
2010 16.1% 3.4% -8.0% 16.2% 5.1%
2009 83.5% 7.1% 35.8% 9.0% 15.8%
2008 0.1% -28.4% -15.8%

Month by Month Performance

Returns Vs Risk

Asset Allocation

Breakdown

31/10/2018

Top 10 Holdings

Stock Size
Lenovo Group Ltd ORD 9.01%
China Mengniu Dairy Co Ltd ORD 8.26%
China Telecom Corp Ltd ORD 8.05%
China Merchants Port Holdings Co Ltd ORD 7.87%
Tsingtao Brewery Co Ltd ORD 6.02%
Li Ning Co Ltd ORD 4.70%
Delta Electronics Inc ORD 4.62%
Xinjiang Goldwind Science & Technology Co Ltd ORD 4.45%
China BlueChemical Ltd ORD 4.32%
Great Wall Motor Co Ltd ORD 4.29%
31/10/2018

Registered For Sale In

  1. France
  2. Germany
  3. Hong Kong
  4. Ireland
  5. Macau
  6. Switzerland
  7. Taiwan
  8. United Kingdom

Fund Info

  • Launch date30/01/2008
  • Share Class size138Mn
  • Base currencyUSD
  • ISIN IE00B29SXG58

Purchase Info

  • Min. initial investment1,500
  • Min. regular additional investment0

Charges

  • Annual management1.50%

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Performance is for the period shown (month end to month end, bid/bid, gross income reinvested, calculated in USD).