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First State China Focus I Acc USD

Ranked 43 out of 44 in - China over 12 months
All calculations are in GBP unless stated

Managed by

Martin Lau

Having graduated from Cambridge University with a Bachelor of Arts degree and a Masters in Engineering, Martin Lau has progressed from a somewhat industrious education to Investment Fund Management and now has over 10 years experience in the industry. Born in Hong Kong in 1972, Lau started his investment career in 1995 at BZW in London as part of their risk management team. He subsequently spent six years with Invesco as a fund manager responsible for the greater China funds, Smaller Companies fund and regional portfolios. Lau currently manages a range of China and Asia funds for First State. He describes his investment style for many of the funds he runs as bottom up stock selection with strong macro overlay. He also focuses heavily on quality, growth and price. A keen badminton player, Lau also enjoys playing tennis, walking and going to the cinema.

Quanqiang Xian

Quanqiang Xian of First State Investments specialises in Chinese equities with a focus on large and mid-cap companies. Previously, he was an analyst with Orbis Investment Advisory in London, researching Chinese equities. A CFA charterholder, he started his career with the government of Singapore.


The Fund aims to grow your investment. The Fund mainly invests in shares of large and mid sized companies that are based in or have significant operations in mainland China. These companies generally have a total stock market value of at least US$1 billion.

Showing fund performance in United Kingdom View performance globally


China over : 30/09/2015 - 30/09/2016
  • Rank 43/44 Total Return
  • Rank 36/44 Standard Deviation
  • Rank 34/44 Max Drawdown
Fund Name Currency Return
40 Aberdeen Global - China A Share Equity I2 Acc USD GBP


41 JPM China A-Share Opportunities C (dist) - USD GBP


42 Ashmore SICAV 3 All Chinese Equity I USD GBP


43 First State China Focus I Acc USD GBP


44 New Capital China Equity GBP Ord Acc

Currency exposure is hedged

Currency exposure is hedged



Fund Name Currency Risk
34 Atlantis China GBP


35 Matthews Asia Fds-China I Acc USD GBP


36 First State China Focus I Acc USD GBP


37 Mirae Asset China Sector Leader Equity A USD GBP


38 New Capital China Equity GBP Ord Acc

Currency exposure is hedged

Currency exposure is hedged



Total Return

Quarterly Performance

to 30/09/2016 Annual Q1 Q2 Q3 Q4
2016 -7.3% 3.2% 14.0%
2015 -11.0% 13.5% -8.4% -20.4% 7.6%
2014 1.3% -6.4% 1.5% 5.5% 1.0%
2013 15.1% 7.1% 0.1% 4.6% 2.7%
2012 16.2% 10.8% -6.2% 5.4% 6.0%
2011 -14.1% -0.3% -0.1% -15.2% 1.6%
2010 19.8% 10.1% -6.7% 10.3% 5.7%
2009 63.4% 7.4% 18.2% 12.3% 14.7%
2008 0.0% -20.0% 4.3%

Month by Month Performance

Returns Vs Risk

Asset Allocation



Top 10 Holdings

Stock Size
China Telecom Corp Ltd ORD 8.56
China Merchants Holdings International Co Ltd ORD 7.98
Delta Electronics Inc ORD 7.98
Lenovo Group Ltd ORD 7.96
China Mengniu Dairy Co Ltd ORD 6.34
China Longyuan Power Group Corp Ltd ORD 4.87
First State China A A LV 4.76
Great Wall Motor Co Ltd ORD 4.71
Sun Art Retail Group Ltd ORD 4.65
Tsingtao Brewery Co Ltd ORD 4.56

Registered For Sale In

  1. Hong Kong
  2. Ireland
  3. Macau
  4. Taiwan
  5. United Kingdom

Fund Info

  • Launch date30/01/2008
  • Share Class size186Mn
  • Base currencyUSD
  • ISIN IE00B29SXG58

Purchase Info

  • Min. initial investment1,500
  • Min. regular additional investment0


  • Annual management1.50%

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Performance is for the period shown (month end to month end, bid/bid, gross income reinvested, calculated in the currency and currencies indicated).