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Asia

5 August 2022
224.80 kr
One day
+0.58%
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Asia
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About the fund

Carnegie Asia is for those who believe in the power of a young and increasingly well-educated population with high consumption needs. Nearly half the world’s population lives in Asia, and despite the tremendous growth the past two decades, Asia still has very great potential.

Through Carnegie Asia you invest in approximately 30 companies.You get exposure to exciting new markets that are not offered in a traditional Asian fund.

This is a fund for you who:
  • Believe in greater consumption needs in Asia
  • See the potential of Asia’s most dynamic countries and companies
  • Have a long-term investment horizon of at least five years

Fund manager

Gunnar Påhlson

Economics graduate in Accounting/Auditing. Employed since 2006 and has worked in the industry since 1981.

Buy Asia

Fees and trading

Management fee/year
1.93%
Minimum deposit lump-sum/monthly
0kr/0kr
Price listing
Daily
PPM fund number
838383
Bankgiro number
5729-9091

Basic facts

Legal Seat
SE
Start date
2004-04-06
ISIN Code
SE0001172263
Morningstar rating

Fund data

Risk class
1
2
3
4
5
6
7
Risk category

The seven-point risk scale is common to funds in the EU. Risk category 1 represents the lowest risk but also the lowest possibility of returns. Seven is the highest risk with higher possibility of returns. The risk category is based on how the fund's value has fluctuated over the past five years.

Total risk
10.30%
Total risk

A measure of risk that measures value changes. Stated as a percentage. The higher the percentage, the higher the volatility. Calculated as the standard deviation of monthly returns for the fund during 24 months, multiplied by the square root of the number of months during the year.

Sharpe ratio
-0.36
Sharpe ratio

The Sharpe ratio is a measure of risk that compares the actual return on the portfolio, minus the risk-free interest rate, to the total portfolio risk. Portfolio risk is defined as the standard deviation of returns over 24 months. This can be said to illustrate the payment you receive for the risk you take.

Churn
1.22 times/year
Churn

Churn measures how many transactions are made by the fund manager. It is defined as the lowest of the sum of purchased and sold securities, divided by the average net asset value of the fund. Churn is expressed as an annual rate.

Benchmark index
MSCI AC Asia ex Japan Net Total Return
Benchmark index

The benchmark index has been used as a basis for calculating Tracking Error and Active Share. The chosen benchmark is deemed to be relevant as it corresponds well with the fund’s investment policy.

Tracking error
4.79%
Tracking error

Tracking error measures the difference in returns between a fund and its benchmark. The lower the tracking error, the more correlated the returns are to the benchmark. The higher the tracking error, the more the returns deviates from the benchmark. Reported as a percentage.

Active share
69%
Active share

Active share measures how much the portfolio holdings differ from the benchmark index constituents. The higher the percentage, the higher the deviation is. Reported as a percentage.

Swing pricing
-
Swing pricing

Swing pricing means that the fund’s NAV rate may be adjusted when the fund’s net flows (the sum of deposits and withdrawals in the fund) during a given day exceed a threshold value. The threshold value is an amount and is calculated by a percentage of the fund’s total value. This is called partial swing and is the method of swing pricing used by Carnegie Fonder. If the threshold value is exceeded, a swing factor is applied which is a certain percentage and which is judged to correspond to the costs of managing the net flows. The reason why swing pricing is used is that large transaction costs can arise with large net flows. In order for these costs not to affect other unit holders in the fund, they are instead charged to the unit holders who caused the flow by adjusting the NAV rate with the swing factor. The levels of the threshold and the swing factor are reviewed by Carnegie Fonder on a regular basis.

Show holding
Updated 2022-07-31

Largest holding

Taiwan Semiconduct Mfg Co Ltd
7.67%
Samsung Electronics Co Ltd
5.04%
Tencent Holdings Ltd
4.19%
AIA Group Ltd
4.11%
China Construction Bank Corp H
3.98%
Kia Corp Reg
3.81%
Bajaj Finance Ltd
3.40%
Alibaba Group Holding Ltd ADR
3.04%
Bank Central Asia (PT) Tbk
2.87%
Bharti Airtel Ltd Dematerialised
2.73%
Other holding
59.15%

Geographic distribution

China
23.85%
India
15.88%
Taiwan
12.76%
Hong Kong
11.81%
Other
35.71%

Nav distribution

Equities
92.87%
Cash and equivalents
7.13%

Articles

China’s common prosperity initiative
Carnegie Asia

China’s common prosperity initiative

One threat to future growth is that China’s population is now shrinking, for the first time in forty years. China is approaching a Japan scenario, with an increasing proportion of...

Gunnar Påhlson 3 September 2021
The conclusion is that the Chinese government needs to strengthen its grip on power
Carnegie Asia

The conclusion is that the Chinese government needs to strengthen its grip on power

The Asian markets were up in June. Worry about inflation resulting from global central bank support has been a recurring theme this spring. The recent message from the US Fed...

Gunnar Påhlson 6 July 2021
My life as a Fed watcher
Carnegie Asia

My life as a Fed watcher

Asian markets spent May treading water. It was almost like swimming against the tide. Companies are earning money and making an effort, but not getting anywhere. Local investors can be...

Gunnar Påhlson 4 June 2021
More posts