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Asian Capital Holdings Fund Japan Equities Japan equities

Japan equities
NAV (23/02/2017)
21,883.00 JPY
Alexandre  MESSULAM–LU0826881616–
Alexandre MESSULAM
Arnaud HEYMANN–LU0826881616–
Arnaud HEYMANN
The identity of the managers presented in this document may change during the life of the product.
Risk and reward profile (1)
1234567
Recommended holding period
21,883.00 JPY
NAV (23/02/2017)
6
1234567
Risk and reward profile
Recommended holding period
NAV (23/02/2017)
21,883.00 JPY
Risk and reward profile
1234567
Recommended holding period
Alexandre MESSULAM  
Arnaud HEYMANN  
The identity of the managers presented in this document may change during the life of the product.
Contact

Investment objective

The objective of the Sub-Fund is to seek long term capital growth principally by investing through selected Fund Managers throughout Asia, and more particularly (and up to 100%) in Japan.

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Commentary 31/01/2017

The year-end rally triggered by the election of Donald Trump as President of the United States continued through January, with all equity indices ending in positive territory, with the notable exception of European equities, which closed the month down -0.4%. Emerging markets, on the other hand, strongly outperformed their counterparts in the developed markets. In Japan, the country posted a modest gain over the month, while the yen strengthened against the USD from 117.0 to 112.8. The small- and mid-cap indexes outperformed the market as a whole. The cyclical sectors' return to grace seen at the close of 2016, also continued with a sharp rise in sectors linked to maritime and air transport, iron & steel as well as shale & oil products. At the other end of the spectrum, the energy, mining and real estate sectors suffered at the beginning of the year. In this environment, Asian Capital Holdings—Japan Equities slightly outperformed its benchmark. The portfolio was invested in 10 funds by January's end, all denominated in yen. The fund's dollar compartment hedges its yen exposure. Movements within the portfolio were minimal this month.

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Change in NAV

Chart – Base 100 (23/02/2017)
Avertissement
You are about to download the historical data for a portfolio. Please note that past performance is not an indication of future performance and it may vary over time. They may be affected, for example, by changes in exchange rates


Performance

Performance D-JPY Cumulative performance Annualised performance
Since 01/01/2017 1.83 %  
1 Year 20.28 % 20.22 %
3 Year 27.01 % 8.27 %
Since inception 118.83 % 19.08 %
Performance D-JPY Since 01/01/2017 1 Year 3 Year 5 year Since inception
Cumulative performance 1.83 % 20.28 % 27.01 % 118.83 %
Annualised performance 20.22 % 8.27 % 19.08 %


Statistics

VolatilityTracking ErrorCorrelation coefficientInformation ratioSharpe ratio
1 Year3 Year 1 Year3 Year 1 Year3 Year 1 Year3 Year 1 Year3 Year
Share class D-JPY26.01 %16.28 %3.08 %1.69 %0.99 %0.99 %-0.38 %-1.10 %0.53 %0.57 %
Benchmark25.43 %16.47 %
AlphaBeta
1 Year3 Year 1 Year3 Year
Share class D-JPY-0.02 %-0.13 %1.02 %0.98 %
Benchmark
Share class D-JPY
Benchmark
1 Year 3 Year 1 Year 3 Year
Volatility 26.01 % 16.28 % 25.43 % 16.47 %
Tracking Error 3.08 % 1.69 %
Sharpe ratio 0.53 % 0.57 %
Alpha -0.02 % -0.13 %
Correlation coefficient 0.99 % 0.99 %
Information ratio -0.38 % -1.10 %
Beta 1.02 % 0.98 %

Fund information

Inception Date (Fund)
31/08/2012
Inception Date (Part)
31/08/2012
Legal form
SICAV
market index
TOPIX Net Total Return
Currency (fund)
USD
Currency (share class)
JPY
Distribution Policy
Accumulation and/or Distribution
Valuation frequency
Daily
Minimum initial investment
1 Share
ISIN Code
LU0826881616
AuM (fund)
14 M (USD)
Regulatory authority
CSSF
EU Regulation
AIFM
Management company
ACH Management SA, Luxembourg
Delegated Management Company
Edmond de Rothschild (Suisse) S.A.
Incorporation
Luxembourg
Maximum management fee
1,250 %
Current management fee
1.250 %
Subscription fee
5.00 % max
Redemption fee
0.50 % max

Fund documentation

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(1) The rating grades the funds on a scale from 1 to 7. This rating system is based on the average fluctuations of the net asset value over the past five years. It corresponds to the variation range of the portfolio upwards and downwards. If the net asset value is less than 5 years old, the rating is determined by other regulatory calculation methods. Historical data such as those used to calculate the rating may not be a reliable indication of the future risk profile. The current category is neither a guarantee nor an objective. Category 1 does not signify a risk-free investment.

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