We have been in a bear market since March 2000.
Global shares led by the US are likely at or close to entering a new secular bull market according to Shane Oliver, Head of Investment Strategy & Chief Economist at AMP.
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We have been in a bear market since March 2000.
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Asian weekly commentary
Asian stockmarkets ended mixed last week as softer Chinese and US data counterbalanced hopes that the world’s major central banks will continue to pursue expansionary policies
Asian stockmarkets ended mixed last week as softer Chinese and US data counterbalanced hopes that the world’s major central banks will continue to pursue expansionary policies
News Bytes for Henderson Horizon Fund – Asian Dividend Income Fund
The Asian universe of income stocks is witnessing a wave of positive dividend surprises in 2013. The market has generally reacted favourably to this theme and we expect the trend to continue as divi...
The Asian universe of income stocks is witnessing a wave of positive dividend surprises in 2013. The market has generally reacted favourably to this theme and we expect the trend to continue as divi...
China growth and mixed data from India
China’s data indicators continued to print in positive territory, albeit weaker than most had hoped. Industrial Production growth picked up by 9.3%yoy in April, slightly under the consensus expectatio...
China’s data indicators continued to print in positive territory, albeit weaker than most had hoped. Industrial Production growth picked up by 9.3%yoy in April, slightly under the consensus expectatio...
China/Hong Kong update
The MSCI Zhong Hua Index rose in April though it underperformed the broader region. Receding inflation eased concerns over further monetary policy tightening in China, although persistent anxietie...
The MSCI Zhong Hua Index rose in April though it underperformed the broader region. Receding inflation eased concerns over further monetary policy tightening in China, although persistent anxietie...
Thailand monthly commentary
The SET Index rose in April, supported by local buying on the back of decent first-quarter corporate earnings and largely stable domestic economic data.
The SET Index rose in April, supported by local buying on the back of decent first-quarter corporate earnings and largely stable domestic economic data.
Asia Pacific monthly outlook
Global equity markets continued to move higher in the first half of April in response to Japan’s announcement of unprecedented large-scale asset purchases.
Global equity markets continued to move higher in the first half of April in response to Japan’s announcement of unprecedented large-scale asset purchases.
Asian weekly commentary
Indonesia’s GDP grew by less than forecast in the first quarter. Slower exports and government spending countered gains in consumption and investment.
Indonesia’s GDP grew by less than forecast in the first quarter. Slower exports and government spending countered gains in consumption and investment.
Asian Fixed Income update
Local currency bonds in Asia performed well in April, supported by Japan’s bold quantitative easing, a softening growth outlook and receding inflationary pressures.
Local currency bonds in Asia performed well in April, supported by Japan’s bold quantitative easing, a softening growth outlook and receding inflationary pressures.
First State Investments - Soft Closure for GEM Leaders
First State GEM Leaders will stop accepting further subscription into the fund effective from 7 September as the Manager seeks to ensure that the fund is kept at a size which can be managed effectivel...
First State GEM Leaders will stop accepting further subscription into the fund effective from 7 September as the Manager seeks to ensure that the fund is kept at a size which can be managed effectivel...
Henderson Horizon Fund - Asian Dividend Income Fund update
Currently our Indonesia weighting is broadly in line with the benchmark (approximately 3% weighting in the MSCI All Country Asia Pacific ex-Japan index).
Currently our Indonesia weighting is broadly in line with the benchmark (approximately 3% weighting in the MSCI All Country Asia Pacific ex-Japan index).
BNP Paribas L1 Equity China C Cap USD
Bid / Offer price: SGD 383.99319 / NA (14-May-2013)
Prices shown are indicative and are usually based on prices of 2-4 dealing days earlier, and may not be exactly the price used for individual trades. Prices and returns on this page may be based on a reference price in a different currency to that of the fund dealing price. Returns experienced by individual clients may differ from those shown below. Clients should not rely on these prices for decision making. Fund prices provided by third-parties. dollarDEX does not guarantee any prices or valuations shown, and accepts no responsibility for their accuracy.
Prices shown are indicative and are usually based on prices of 2-4 dealing days earlier, and may not be exactly the price used for individual trades. Prices and returns on this page may be based on a reference price in a different currency to that of the fund dealing price. Returns experienced by individual clients may differ from those shown below. Clients should not rely on these prices for decision making. Fund prices provided by third-parties. dollarDEX does not guarantee any prices or valuations shown, and accepts no responsibility for their accuracy.
Fund description
This compartment invests primarily in the shares of companies active in China, Hong Kong, or Taiwan. It may, as opportunity presents and on an ancillary basis, invest in other financial instruments. Regional allocation is based on a rigorous analysis of fundamentals of the 3 countries and of the factors that could influence the risk associated with the countries and the markets in the short term. The selection of shares is based on the research conducted by the team of regional analysis specialist management team.
This compartment invests primarily in the shares of companies active in China, Hong Kong, or Taiwan. It may, as opportunity presents and on an ancillary basis, invest in other financial instruments. Regional allocation is based on a rigorous analysis of fundamentals of the 3 countries and of the factors that could influence the risk associated with the countries and the markets in the short term. The selection of shares is based on the research conducted by the team of regional analysis specialist management team.
Fund prospectus, factsheet, reports and product highlights sheet (free reader to see these)
Factsheet
Report
Product highlights sheet
Prospectus
Factsheet
Report
Product highlights sheet
Prospectus
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Fund performance
Click to compare this fund with dollarDEX recommended funds
| Performance period Since 21/Feb/2007 |
1-week | 1-month | 6-month | 1-year | 3-year | Since start# |
|---|---|---|---|---|---|---|
| Return (%) | 1.717 | 8.077 | 8.848 | 13.964 | -2.064 | -8.318 |
| Annualized return (%) | 13.964 | -0.693 | -1.380 | |||
| Annual volatility (%) | 15.857 | 20.292 | 27.037 | |||
| Sharpe ratio+ | 0.862 | -0.059 | -0.088 | |||
| Beta^ | 0.496 | 0.852 | 1.020 | |||
| Worst Monthly Loss (%) | 4.212 | 7.936 | 15.771 | 20.951 | ||
| Worst Annual Loss (%) | 14.832 | 45.081 | ||||
| Maximum drawdown (%) What is this? | ||||||
| Highest bid/NAV price | 383.99319 | 398.23896 | 398.23896 | 465.50908 | 477.79000 | |
| Lowest bid/NAV price | 364.12527 | 351.64452 | 316.99273 | 288.07011 | 142.11920 |
+
Generally, high positive Sharpe ratios indicate superior risk-adjusted performance. Ranking of funds according to negative Sharpe ratios can be unreliable.
#
Since start means from start of data available to dollarDEX and may not coincide with inception of fund.
^
Calculated using S&P 500 (SGD). See glossary for definitions.
|
Fund performance over the last 3 year. For more charts, returns and prices, click here.
Fund details
Some information here is from fund prospectus, factsheet or fund house and is correct to the best of our knowledge. However, clients must refer to latest fund prospectus for definitive information relating to the fund. This information here is not guaranteed and should not be relied on for any investment decision.
Some information here is from fund prospectus, factsheet or fund house and is correct to the best of our knowledge. However, clients must refer to latest fund prospectus for definitive information relating to the fund. This information here is not guaranteed and should not be relied on for any investment decision.
| Price frequency | Daily |
| Pricing basis | Forward |
| Dealing basis (subscriptions) What is this? | T+0 |
| Dealing basis (redemptions) What is this? | T+0 |
| Type | Active |
| Sector | All |
| Asset class | Equity |
| Asset sub-class | Mixed |
| Region | China Peer funds |
| Launch price | SGD 100.00000 |
| Price currency [5] | SGD |
| Payment currency | SGD |
| Investment type | Cash only |
| Accept card (may not be accepted with some promotions) | Credit card online |
| Risk (volatility) What is this? | High |
| Annual management/service fee [1] | 1.500% |
| Latest bid/NAV price | SGD 383.99319 (14-May-2013) |
| Latest offer price | NA |
| Bid price changes from last available price | +2.40% |
| Benchmark | FTSE China International |
| Minimum initial investment | SGD 1,000 |
| Minimum subsequent investment | SGD 500 |
| Minimum RSP investment | SGD 100 |
| Lowest dollarDEX sales charge [2] | 0.75% |
| Standard dollarDEX sales charge [2] | 1.50% |
| Prospectus maximum sales charge | 5.00% |
| Your saving on $10k investment [3] | $425 |
| dollarDEX commission as proportion of dollarDEX sales charge | 100.00% |
| dollarDEX trailer fee as proportion of annual mangement fee | 26.67% |
| Redemption charge: | 0.00% |
|
Switch-in charge [4]: - peer-to-peer - maximum |
0.00% 1.50% |
| Cancellation: | 7 calendar days, if no previous holdings |
[1]
Total of fixed annual managment and service fees. Check fund prospectus for details including variable performance fees, if any, which may not be included here.
[2]
Your exact charge depends on your balance at dollarDEX and payment method. See fee structure for definitions and exceptions. Non-SGD funds may include an additional processing fee charged by dollarDEX.
[3]
Illustrative approximate saving per $10,000 invested at dollarDEX lowest sales charge compared with the same fund bought elsewhere at prospectus maximum sales charge.
[4]
Guideline only. See our pricing scheme for exact terms & conditions.
[5]
Usually same as fund dealing currency (refer to prospectus). Some funds have a SGD reference price used by Navigator.
Charges exclude GST.