Invesco Perp HK & China fund factsheet differences

puk999

Hello,

I was reading a This Is Money article about where in the world to invest. It gave me a link to the Invesco Perpetual Hong Kong and China Fund.

I then had a look at what I thought was the same fund using Fidelity's website. I can't reconcile the data across the two sources. The first source says the fund price is £2.59 and on the second source it is £4.28. The stated AMC differs; 0.75% and 1.5%.

I've noticed the fund titles differ slightly: The first is INVESCO PERP HONG KONG & CHINA Z ACC and the second Invesco Perpetual Hong Kong & China Acc. Does this Z make a difference? What does it mean?

Invesco Perpetual's site lists the ISINs for this fund as:

GB0033028332 ((Acc))
GB00B3RW8C79 ((No Trail) (Acc))
GB00B8N44V30 (Z (Acc))

The ISIN listed at the Fidelity site matches the first one of the three above (i.e. GB0033028332). There is no ISIN listed on the financialexpress.net site.

Hopefully someone can clear my confusion so I can see why the numbers differ so much.

jabbahut40

puk999 wrote: »

Hello,

I was reading a This Is Money article about where in the world to invest. It gave me a link to the Invesco Perpetual Hong Kong and China Fund.

I then had a look at what I thought was the same fund using Fidelity's website. I can't reconcile the data across the two sources. The first source says the fund price is £2.59 and on the second source it is £4.28. The stated AMC differs; 0.75% and 1.5%.

I've noticed the fund titles differ slightly: The first is INVESCO PERP HONG KONG & CHINA Z ACC and the second Invesco Perpetual Hong Kong & China Acc. Does this Z make a difference? What does it mean?

Invesco Perpetual's site lists the ISINs for this fund as:

GB0033028332 ((Acc))
GB00B3RW8C79 ((No Trail) (Acc))
GB00B8N44V30 (Z (Acc))

The ISIN listed at the Fidelity site matches the first one of the three above (i.e. GB0033028332). There is no ISIN listed on the financialexpress.net site.

Hopefully someone can clear my confusion so I can see why the numbers differ so much.

Hi,

These look like two different funds.

Invesco Perp Hong Kong & China Acc
http://webfund6.financialexpress.net/clients/dailymail/FundFactsheet.aspx?CitiCode=BR23&Univ=UnitTrusts

Invesco Perp Hong Kong & China Acc Z
http://webfund6.financialexpress.net/clients/dailymail/FundFactsheet.aspx?CitiCode=GUVK&Univ=UnitTrusts

The latter looks like a sub fund of the former.
http://www.invescoperpetual.co.uk/site/ip/pdf/hong-kong-and-china-fund-kiid-acc-z.pdf

According to the invesco website Z shares work in exactly the same way as the Accumulation and Income shares mentioned above. However, the Z shares do not pay commission to financial advisers. The Z share class is only available to investors who satisfy certain criteria such as nominees and fund platforms which have a written agreement in place with us to buy the Z share class.

http://www.invescoperpetual.co.uk/portal/site/ip/contentDetail?invescoId=cfd56bb2-34f7-4b1a-b745-389649a3161a

Hope this helps,

Jabba