Barings Korea A GBP

  • 269.90p Price (Inc)
  • - Price (Acc)
  • 5.00% 0.00% Initial charge
  • 1.50% Annual management charge
  • 1.69% Ongoing charges
  • 0.00% Yield

Prices as at 09 December 2019

Fund summary

Sector Specialist
Structure UNIT TRUST
Launched November, 1992
Size £71m
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%

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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

  • 14/15 0.34%
  • 15/16 -1.00%
  • 16/17 -1.09%
  • 17/18 0.32%
  • 18/19 -1.81%

Bestinvest MRI

  • 3 years -0.86%
  • 5 years -0.65%
  • Career -0.34%
  • 3 years 4.90%
  • 5 years 9.00%
  • Career 20.90%

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 12.8 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.34%. During the worst period of relative performance (from May 2007 - July 2019) there was a decline of 55% relative to the index. The worst absolute loss has been 62%.

Periods of worst performance

Absolute -62.00% (October 2007 - November 2008)
Relative -55.00% (May 2007 - July 2019)

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.

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Top 10 holdings

Data accurate as at 30 August 2019

9.1963% Samsung Electronics Co
6.9636% Sk Hynix Inc
4.0703% Hyundai Mobis
3.9474% Sk Telecom
3.9211% Naver Corp
3.8593% Lg Household & Health Care Ltd
3.553% Lg Chem
3.3851% Shinhan Financial Group
3.1393% Kt&G Corp
2.9486% Kakao Corp
Source: Trustnet

Sector breakdown

Information Technology 22.00%
Consumer Discretionary 14.00%
Financials 13.00%
Communications 13.00%
Materials 12.00%
Consumer Staples 11.00%
Health Care 5.00%
Others 5.00%
Energy 4.00%
Cash & Cash Equivalents 2.00%

Key Investor Information

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