HSBC Japan Index R

Tracks the FTSE Japan index capital performance using sampling techniques.

  • 105.80p
    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.

  • 128.40p
    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?

  • 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!

  • 0.25%
    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).

  • 0.31%
    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.

  • 1.90%
    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 13 December 2019

Fund summary

Sector Japan
Structure OEIC
Launched January, 1989
Size £1,437m
Yield 1.90%
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 0.25%
Ongoing charges figure 0.31%

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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

  • 14/15 -0.30%
  • 15/16 -0.15%
  • 16/17 -0.26%
  • 17/18 0.60%
  • 18/19 0.01%

Bestinvest MRI

  • 3 years 0.12%
  • 5 years -0.02%
  • Career -0.08%
  • 3 years 73.60%
  • 5 years 50.00%
  • Career 36.70%

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 20.8 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.08%. During the worst period of relative performance (from December 2000 - January 2018) there was a decline of 30% relative to the index. The worst absolute loss has been 45%.

Periods of worst performance

Absolute -45.00% (October 2007 - November 2008)
Relative -30.00% (December 2000 - January 2018)

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 31 July 2019

4.43% Toyota Motor Corp
2.42% Softbank Corp
1.95% Sony Corp
1.65% Mitsubishi Ufj Financial Group
1.43% Keyence Corp
1.4% Takeda Pharmaceutical Co
1.27% Sumitomo Mitsui Financial Group Inc
1.25% Kddi Corp
1.19% Honda Motor Co
1.12% Recruit Hldgs Co Ltd
Source: Trustnet

Sector breakdown

Consumer Goods 23.00%
Industrials 23.00%
Financials 13.00%
Consumer Services 11.00%
Health Care 9.00%
Telecommunications 6.00%
Basic Materials 6.00%
Technology 6.00%
Utilities 2.00%
Oil & Gas 1.00%

Key Investor Information - Income

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Key Investor Information - Accumulation

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