This is a long-only fund using a flexible and unconstrained approach-based bottom-up stock selection and company fundamentals. With a 24-year track record, the strategy aims to invest across the market cap spectrum, focusing on companies with both an income yield and long-term capital growth.
The fund aims to provide both an income yield and long-term capital growth, mainly by investing in the equity of companies quoted on the stock exchanges of the Asia and Pacific region, including Japan, Australia and India, that we believe will become the market leaders of the future.
The fund’s nominal benchmark is the MSCI All-Country Asia Pacific Index in sterling, but it is not constrained to follow this or any other index. Typical of the fund’s unconstrained approach is that its active share, a measure of the percentage of holdings that differ from the benchmark index, is typically greater than 80%. The typical number of positions within the portfolio is around 60 to 80.
|Launch date||6th March 1989|
|Number of holdings||60-80 (typically)|
|Benchmark||MSCI AC Pacific|
|Objective||To achieve both an income yield and long term growth of capital, primarily through investment in the Far East and Pacific Basin region, including Japan, Australia and India.|
|3 Years p.a.||12.10%||7.31%||4.79%|
|5 Years p.a.||11.07%||8.83%||2.24%|
|10 Years p.a.||12.62%||9.87%||2.75%|
|Since Inception p.a.(2)||7.66%||3.78%||3.89%|
1. The Fund’s performance comparator is the MSCI AC Asia Pacific Index in GBP. This benchmark has been chosen as this best reflects the asset allocation of the fund. Returns quoted are net of fees on the B Inc Institutional share class. Prior to June 2011, the fund uses the track record of the A Inc Institutional share class.
2. Inception of the fund was 30April March 1989.
Past performance is not indicative of future results