fund
HSBC Japan Index C
Tracks the FTSE Japan index capital performance using sampling techniques.
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118.40p
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.
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148.50p
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?
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0.00%
Initial chargeSome 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!
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0.10%
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).
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0.21%
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.
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1.80%
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…
Fund summary
Sector | Japan |
Structure | OEIC |
Launched | September, 2012 |
Size | £1,519m |
Yield | 1.80% |
Charging basis | Income |
Dividends paid | 15 Jul |
Charges
Standard initial charge | 0.00% |
Initial charge via Bestinvest | 0.00% |
Additional bid/offer spread | 0.00% |
Annual management charge | 0.10% |
Ongoing charges figure | 0.21% |
Allocation
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Investment process
This fund aims to match the performance of the FTSE World Japan index. Investments will be in a representative sample of the stocks in the index, which is a method of index tracking known as partial replication.
Manager research
Average monthly relative returns
- 16/17 -0.01%
- 17/18 -0.37%
- 18/19 0.54%
- 19/20 -0.07%
- 20/21 -0.14%
Bestinvest MRI
- 3 years 0.11%
- 5 years -0.01%
- Career -0.09%
- 3 years 65.50%
- 5 years 52.00%
- Career 33.70%
Performance figures are based on the average of monthly percentage returns relative to the benchmark index.
HSBC Global Asset Management
Bijan Seghatchian is presently Fund Manager of Passive Equity Funds at HSBC Global Asset Management, having managed equity index funds since January 2009. He was previously an Operations / Business Development Manager from 2007, and was with the HSBC Global Asset Management Group IT since February 1995. Seghatchian holds a BSc in Psychology /Philosophy from Bristol University, an MSc in Systems & Technology from City University and a Post Graduate Certificate in Economics from London University.
Track record
Hsbc Global Asset Management has 22.1 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.09%. During the worst period of relative performance (from December 2000 - October 2020) there was a decline of 32% relative to the index. The worst absolute loss has been 45%.
Periods of worst performance
Absolute | -45.00% (October 2007 - November 2008) |
Relative | -32.00% (December 2000 - October 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
4.05% | Toyota Motor Corp |
3.5% | Softbank Corp |
2.61% | Sony Corp |
2.11% | Keyence Corp |
1.56% | Daiichi Sankyo Co Ltd |
1.52% | Takeda Pharmaceutical Co |
1.46% | Kddi Corp |
1.31% | Nintendo Co |
1.3% | Mitsubishi Ufj Financial Group |
1.29% | Daikin Industries |
Source: Trustnet |
Sector breakdown
Industrials | 23.00% |
Consumer Goods | 23.00% |
Health Care | 11.00% |
Financials | 11.00% |
Consumer Services | 10.00% |
Technology | 7.00% |
Telecommunications | 7.00% |
Basic Materials | 5.00% |
Utilities | 2.00% |
Money Market | 1.00% |