Threadneedle China Opportunities Z

  • 358.84p
    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?

  • 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!

  • 0.75%
    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).

  • 0.93%
    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.

  • 0.90%
    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 22 January 2021

Fund summary

Sector China/Greater China
Structure OEIC
Launched October, 2012
Size £62m
Yield 0.90%
Charging basis Income
Dividends paid Acc units only

Charges

Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 0.75%
Ongoing charges figure 0.93%

Allocation

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Investment process

The investment objective of the China Opportunities Fund is to achieve long-term capital growth. The investment policy is to invest the assets of the Fund primarily in equities and equity related securities of Chinese companies. These are defined as companies domiciled in and/or whose significant activities are in the People’s Republic of China.

Manager research

Average monthly relative returns

  • 16/17 -0.06%
  • 17/18 0.39%
  • 18/19 -0.31%
  • 19/20 0.00%
  • 20/21 0.00%

Bestinvest MRI

  • 3 years 0.00%
  • 5 years 0.00%
  • Career -0.03%
  • 3 years 0.00%
  • 5 years 0.00%
  • Career 88.70%

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

Vanessa Donegan

Vanessa Donegan is Head of the Far East Equities team of three. She also has country specialist responsibility for investments in Singapore, Australia, New Zealand and India as well as being a member of the Banking, Mining, Media and Insurance global sector research teams. She began her career in 1981 with Grieveson Grant stockbrokers, where she spent four years managing Australian and Far Eastern investments. In 1986 Vanessa joined Allied Dunbar, where she managed Far Eastern funds for eight years. Allied Dunbar subsequently became part of Threadneedle. Vanessa became Head of the Far East team in March 1997. Vanessa graduated in 1981 in Classics from Lady Margaret Hall, Oxford.

Track record

Vanessa Donegan has 17.2 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.03%. During the worst period of relative performance (from November 2007 - February 2013) there was a decline of 17% relative to the index. The worst absolute loss has been 48%.

Periods of worst performance

Absolute -48.00% (October 2007 - October 2008)
Relative -17.00% (November 2007 - February 2013)

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 May 2020

9.5% Alibaba Group Hldg Ltd
9.4% Tencent Hldgs Limited
4.3% Jd.com Inc
4.1% Ping An Insurance(Gr)Co Of China
3.8% Netease Inc
3.8% China Construction Bank
3.3% Meituan Dianping
3.3% China Mengniu Dairy Co
2.8% Sun Art Retail Group Limited
2.8% New Oriental Education & Technology
Source: Trustnet

Sector breakdown

Consumer Discretionary 30.00%
Communications 16.00%
Financials 16.00%
Consumer Staples 11.00%
Health Care 5.00%
Materials 5.00%
Information Technology 4.00%
Real Estate 4.00%
Money Market 3.00%
Industrials 3.00%

Key Investor Information

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