Morningstar Fund Report  | 11/04/2025Print

Invesco Funds - Invesco Greater China Equity Fund E Accumulation EUR

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
Invesco Funds - Invesco Greater China Equity Fund E Accumulation EUR
Fund-17.5-12.4-14.014.52.7
+/-Cat-10.76.4-1.70.42.5
+/-B’mrk-8.90.2-7.5-10.22.2
 
Category: Greater China Equity
Category Benchmark: MSCI Golden Dragon NR USD
Key Stats
NAV
10/04/2025		 EUR 42.32
Day Change 1.91%
Morningstar Category™ Greater China Equity
ISIN LU0115143165
Fund Size (Mil)
10/04/2025		 USD 381.62
Share Class Size (Mil)
10/04/2025		 EUR 49.07
Max Initial Charge -
Ongoing Charge
15/11/2024		  2.74%
Morningstar Research
Analyst Report13/09/2024
Sam Hui, Analyst
Morningstar, Inc

Invesco Greater China Equity continues to benefit from an experienced and long tenured manager but concerns on the supporting team turnover and the process’ execution lower our conviction. As a result, we have downgraded the strategy’s...

Click here to read this analyst report on the underlying fund.
Morningstar Pillars
People23
Parent23
Process23
Performance
Price
Investment Objective: Invesco Funds - Invesco Greater China Equity Fund E Accumulation EUR
The objective of the Fund is to achieve long-term capital growth by investing in securities of Greater China. The Fund shall primarily invest in equity or equity-related securities issued by (i) companies and other entities having their registered office in Greater China, their governments or any of their respective agencies or instrumentalities or any local government, (ii) companies and other entities located outside Greater China carrying out their business activities principally (50% or more by revenue, profit, assets or production) in Greater China, or (iii) holding companies, the interests of which are principally invested in subsidiary companies with a registered office in Greater China.
Returns
Trailing Returns (GBP)10/04/2025
YTD-7.14
3 Years Annualised-2.19
5 Years Annualised-3.96
10 Years Annualised1.63
12 Month Yield 0.00
Management
Manager Name
Start Date
Raymond Ma
31/07/2023
Inception Date
14/08/2000

Category Benchmark
Fund BenchmarkMorningstar Benchmark
MSCI Golden Dragon 10/40 NR USDMSCI Golden Dragon NR USD
Portfolio Profile for  Invesco Funds - Invesco Greater China Equity Fund E Accumulation EUR31/03/2025
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock96.390.0096.39
Bond0.000.000.00
Property0.000.000.00
Cash1.671.190.48
Other3.120.003.12
Top 5 Regions%
Asia - Emerging68.92
Asia - Developed30.46
United States0.35
Japan0.28
Canada0.00
Top 5 Sectors%
Technology27.34
Consumer Cyclical22.21
Financial Services18.44
Communication Services15.10
Industrials4.84
Top 5 HoldingsSector%
Tencent Holdings LtdCommunication ServicesCommunication Services9.90
Taiwan Semiconductor Manufacturi... TechnologyTechnology9.48
Alibaba Group Holding Ltd Ordina... Consumer CyclicalConsumer Cyclical6.92
MediaTek IncTechnologyTechnology4.21
Industrial And Commercial Bank O... Financial ServicesFinancial Services3.72
Increase Decrease New since last portfolio
Invesco Funds - Invesco Greater China Equity Fund E Accumulation EUR
Growth Of 1000 (GBP) 31/03/2025
Fund:  Invesco Funds - Invesco Greater China Equity Fund E Accumulation EUR
Category:  Greater China Equity
Category Index:  MSCI Golden Dragon NR USD
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return-9.9117.2323.12-17.52-12.36-13.9914.482.69
+/- Category6.36-7.63-12.27-10.686.37-1.650.362.53
+/- Category Index-0.41-1.77-1.10-8.890.19-7.50-10.212.17
% Rank in Category2184859221534336
Trailing Returns (GBP)10/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day1.91   3.69-0.56
1 Week-7.18   5.990.66
1 Month-13.28   3.780.02
3 Months-5.96   5.261.55
6 Months-10.09   3.44-0.83
YTD-7.14   5.041.60
1 Year3.72   6.85-3.85
3 Years Annualised-2.19   3.62-2.75
5 Years Annualised-3.96   -1.91-6.02
10 Years Annualised1.63   -1.23-2.47
 
Category: Greater China Equity
Category Index: MSCI Golden Dragon NR USD
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
20252.69---
20240.706.946.080.22
20231.28-10.00-1.33-4.37
2022-13.415.12-11.248.47
20212.56-0.20-15.61-4.52
2020-4.6425.860.162.42
 
 
 
Morningstar Rating™(Relative to Category)31/03/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearAbove AverageAverage4 star
5-YearBelow AverageAverage2 star
10-YearAverageBelow Average3 star
OverallAverageAverage3 star
 
Category :  Greater China EquityClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev23.35 %
3-Yr Mean Return3.41 %
 
3-Yr Sharpe Ratio-0.03
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 MSCI Golden Dragon NR USD  MSCI Golden Dragon NR USD
3-Yr Beta0.990.99
3-Yr Alpha-2.80-2.80
 
Investment Style Details31/03/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)USD 79043-
Market Capitalisation% of Equity
Giant73.79
Large23.30
Medium2.55
Small0.36
Micro0.00
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings13.880.99
Price/Book2.010.94
Price/Sales1.800.98
Price/Cash Flow11.171.03
Dividend-Yield Factor2.500.97
 
Long-Term Projected Earnings Growth10.471.00
Historical Earnings Growth4.091.32
Sales Growth3.391.02
Cash-Flow Growth5.910.85
Book-Value Growth5.270.84
 
Category: Greater China Equity
Asset Allocation31/03/2025
Asset Allocation
 % Long% Short% Net Assets
Stock96.390.0096.39
Bond0.000.000.00
Property0.000.000.00
Cash1.671.190.48
Other3.120.003.12
World Regions31/03/2025
 % of EquityRelative to Category
United States0.350.33
Canada0.00-
Latin America0.00-
United Kingdom0.000.00
Eurozone0.000.00
Europe - ex Euro0.000.00
Europe - Emerging0.00-
Africa0.000.00
Middle East0.00-
Japan0.281.33
Australasia0.00-
Asia - Developed30.461.10
Asia - Emerging68.920.99
 
Category: Greater China Equity
Sector Weightings31/03/2025
 % of EquityRelative to Category
Basic MaterialsBasic Materials2.691.54
Consumer CyclicalConsumer Cyclical22.210.84
Financial ServicesFinancial Services18.441.53
Real EstateReal Estate2.040.82
Consumer DefensiveConsumer Defensive2.550.51
HealthcareHealthcare2.090.53
UtilitiesUtilities2.361.63
Communication ServicesCommunication Services15.100.99
EnergyEnergy0.340.58
IndustrialsIndustrials4.840.56
TechnologyTechnology27.341.22
 
Category: Greater China Equity
Top 10 Holdings31/03/2025
 Portfolio NEW
Total Number of Equity Holdings86
Total Number of Bond Holdings0
Assets in Top 10 Holdings48.20
NameSectorCountry% of Assets
Tencent Holdings Ltd308China9.90
Taiwan Semiconductor Manufacturing Co... 311Taiwan9.48
Alibaba Group Holding Ltd Ordinary Sh... 102China6.92
MediaTek Inc311Taiwan4.21
Industrial And Commercial Bank Of Chi... 103China3.72
Xiaomi Corp Class B311China3.44
Invesco US Dollar Liqdty Port AgencyIreland3.12
JD.com Inc Ordinary Shares - Class A102China3.01
AIA Group Ltd103Hong Kong2.32
Hong Kong Exchanges and Clearing Ltd103Hong Kong2.07
 
Increase Decrease New since last portfolio
Category: Greater China Equity
 
Management
Name of CompanyInvesco Management S.A.
Phone(+353) 1 4398100
Websitewww.invescomanagementcompany.lu
Address37A Avenue JF Kennedy
 Luxembourg   L-1855
 Luxembourg
DomicileLuxembourg
Legal StructureSICAV
UCITSYes
Inception Date14/08/2000
Fund Advisor(s)
Invesco Hong Kong Limited
Fund ManagerRaymond Ma
Manager Start Date31/07/2023
 
Biography
Raymond Ma joined Fidelity International (Hong Kong) Ltd. in 2006 as an investment analyst, covering China telecoms, consumer and financials. He was appointed consumer sector leader in 2009 and director of research in 2010. Previously Raymond was Assistant Director of BNP Paribas Peregrine in Shanghai where he had extensive sector coverage on automotive, food & beverages, retail, textile, tourism, machinery and property. Raymond has Bachelor of Law and Master of Law degrees from Fudan University, Shanghai.
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Chargen/a
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge2.25%
Ongoing Charge2.74%
Purchase Details
Minimum Investments
Initial400  GBP
Additional-
Savings-
Tax Free Savings Schemes
ISAsYes