Barings Korea A GBP

  • 352.10p
    Price (Inc)

    These are the shares in the fund that pay out an income to clients. The income is made up of the total dividends – the money a company can pay out to its investors – from the companies in the fund.

  • -
    Price (Acc)

    These are the shares in the fund that don’t pay out an income to clients. Any dividends – the money a company can pay out to its investors – are reinvested into companies in the fund. Despite no income, the shares should be worth more over time. Good incentive, eh?

  • 5.00% 0.00%

    Initial charge

    Some funds charge you when you first invest, which is aptly known as the initial charge. They’re usually between 3-5% but at Bestinvest, we usually don’t charge you a penny!

  • 1.50%
    Annual management charge

    This is how much the fund management company charges to run the fund. It’s like paying a babysitter, dog sitter or house sitter (that makes well-informed, heavily researched changes to improve your baby/dog/house when needed).

  • 1.69%
    Ongoing charges

    This stands for Ongoing Charges Figure. It’s the cost of running a fund and includes admin fees, manager fees, administration costs, etc.

  • 0.00%
    Yield

    How much the fund is currently paying out in income to investors. It’s NOT to be confused with the overall growth of a fund – a very different thing indeed. It’s also NOT a guarantee of future pay-outs, just a snapshot. This is more what it’s not than what it is…

Prices as at 20 October 2020

Fund summary

Sector Specialist
Structure UNIT TRUST
Launched November, 1992
Size £83m
Yield 0.00%
Charging basis Income
Dividends paid Acc units only

Charges

Standard initial charge 5.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 1.50%
Ongoing charges figure 1.69%

Allocation

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Investment process

The investment objective of the Trust is to achieve capital growth by investing directly or indirectly in securities of Korean companies or other entities or subsidiaries of Korean companies and securities listed or traded on the Korean securities markets.

Manager research

Average monthly relative returns

  • 15/16 -1.00%
  • 16/17 -1.09%
  • 17/18 0.32%
  • 18/19 -1.81%
  • 19/20 0.52%

Bestinvest MRI

  • 3 years -0.32%
  • 5 years -0.61%
  • Career -0.28%
  • 3 years 30.50%
  • 5 years 8.10%
  • Career 26.80%

Performance figures are based on the average of monthly percentage returns relative to the benchmark index.

Hyung Jin Lee

Huing Jin Lee joined Baring Asset Management as an Investment Manager in 2004 from Rhee Capital, a Korean hedge fund company, where he was involved with the management of a long/short hedge fund focusing on Korean equities. Previously he was Head of the Large Cap and Financial Teams at Samsung Securities. Jin’s experience also includes Analyst roles at Salomon Smith Barney, UBS Securities and Credit Lyonnais. Jin holds a B.A. in Philosophy from the University of California, Berkeley (US). He is fluent in English and Korean.

Track record

Hyung Jin Lee has 13.8 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.28%. During the worst period of relative performance (from May 2007 - February 2020) there was a decline of 58% relative to the index. The worst absolute loss has been 62%.

Periods of worst performance

Absolute -62.00% (October 2007 - November 2008)
Relative -58.00% (May 2007 - February 2020)

About the MRI

Our unique indicator: the Bestinvest Manager Record Index (MRI) measures the likelihood that the fund manager is adding value through their decisions. It is based on their performance record over the course of their career, adjusted for the amount of risk taken. MRI is an important contributor to our fund rating system but it is also vital to take account of qualitative factors. It is also very important to select funds to form a cohesive portfolio with an appropriate overall risk level.

Allocation

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Top 10 holdings

Data accurate as at 31 July 2020

7.9893% Samsung Electronics Co
6.96% Sk Hynix Inc
6.6056% Lg Chem
5.7925% Naver Corp
5.2288% Kakao Corp
3.9521% Lg Household & Health Care Ltd
3.3046% Nhn Kcp Corp
3.039% Tokai Carbon Korea
3.0167% Samsung Sdi
3.0139% Leeno Industrial
Source: Trustnet

Sector breakdown

Information Technology 37.00%
Communications 15.00%
Health Care 13.00%
Materials 12.00%
Consumer Staples 8.00%
Financials 6.00%
Consumer Discretionary 4.00%
Industrials 3.00%
Money Market 2.00%
Real Estate 1.00%

Key Investor Information

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