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FIRST STATE ASIA PACIFIC LEADERS A - Fund overview

Bestinvest rating 5 stars


Overview of FIRST STATE ASIA PACIFIC LEADERS A

This fund is run by a highly experienced manager with an absolute return mindset to investment. Historically, this style has provided greater downside protection than local indices, whilst usually at least matching benchmarks in rising markets. The manager's focus is on high quality, shareholder friendly companies, generally with a market capitalisation of at least US$1bn.

Standard Initial Charge

4.00% 0.00%

Invest via Bestinvest to save 4.00%
Buy as ISA  |  Buy as Unit Trust

Fund summary

Sector  Asia Pacific Excluding Japan
Product type  OEIC
Launched  December, 2003
Size  £5,310m
Yield 0.7%
Charging basis  INCOME
Dividends paid  31/3, 30/9.
Bid price(inc) 126.45p
Bid price(acc) 358.17p

Fund Charges

Standard Initial charge 4.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 1.50%
Total expense ratio 1.56%
Reduction in yield (10yr) 1.56%

Bestinvest says


This fund benefits from a highly experienced manager in Angus Tulloch with an absolute return mindset to investment. He offers a more cautious approach to the investment in the region, with a focus on high quality, shareholder friendly companies. Stock research is conducted by a large and well resourced team based in Edinburgh, Hong Kong and Singapore.

Portfolio

first state asia pacific leaders a asset allocation illustration
Allocation Proportion
Equity 94%
High yield bonds 0%
Quality bonds 0%
Property 0%
Commodities 0%
Hedge 0%
Fund cash 6%
first state asia pacific leaders a equity geographic illustration
Allocation Proportion
UK 0%
Europe 0%
Nth America 0%
Japan 0%
Pacific 95%
Other Equity 5%
first state asia pacific leaders a equity capitalisation illustration
Allocation Proportion
Large Caps 98%
Mid Caps 2%
Small Caps 0%

Investment process


The objective of the fund is to produce capital growth by investing in companies in Asia (excluding Japan). The fund adopts more of an emphasis on preservation of capital compared to the peer group, as a consequence index outperformance is not a primary driver of investment decisions. The manager employs a fundamental bottom up approach to stock picking targeting companies that offer sustainable and predictable growth with an emphasis on company cash flow and balance sheet strength. Their outlook is generally medium to long term and avoids 'momentum' type stocks. Stock research is conducted by a large and well resourced team based in Edinburgh, Hong Kong and Singapore. This is supplemented through the resources made available by the house's parent company, Commonwealth Bank of Australia, who have offices in Australia.

The value of your investments and the income from them can go down as well as up and you can get back less than you originally invested. Any yields quoted cannot be taken as a reliable indicator of future returns. Before investing in funds please check the specific risk factors on the key features document or refer to our risk warning notice as some funds can be high risk or complex. Prevailing tax rates and relief are dependent on your individual circumstances and are subject to change.

Bestinvest (Brokers) Ltd & Bestinvest (Consultants) Ltd are authorised and regulated by the Financial Services Authority. This site is for UK Investors only

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