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FIRST STATE ASIAN PROPERTY SECURITIES B - Fund overview

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Overview of FIRST STATE ASIAN PROPERTY SECURITIES B

This fund is modelled on the First State Global Property Fund. The aim is to achieve a total return consistent with income and long term capital growth. The fund primarily invests in a selection of Asian securities issued by Real Estate Investment Trusts and companies that own, develop or manage real property around the world. The index for this fund is the UBS Global Real Estate Index although a maximum 30% of the can be invested in other property securities.

Standard Initial Charge

0.00% 0.00%

Fund summary

Sector  Property
Product type  OEIC
Launched  September, 2006
Size  £8m
Yield 3.1%
Charging basis  –
Dividends paid  –
Bid price(inc) 91.07p
Bid price(acc) 107.63p

Fund Charges

Standard Initial charge 0.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 0.85%
Total expense ratio 1.23%
Reduction in yield (10yr) 1.23%

Bestinvest says


No information available.

Portfolio

first state asian property securities b asset allocation illustration
Allocation Proportion
Equity 0%
High yield bonds 0%
Quality bonds 0%
Property 97%
Commodities 0%
Hedge 0%
Fund cash 3%
first state asian property securities b equity geographic illustration
Allocation Proportion
UK 0%
Europe 0%
Nth America 0%
Japan 40%
Pacific 60%
Other Equity 0%
first state asian property securities b equity capitalisation illustration
Allocation Proportion
Large Caps 80%
Mid Caps 15%
Small Caps 5%

Investment process


This fund is, however, subject to greater constraints than the Global property run by First State. The average number of positions will range between 35-40. Expected returns of 15%pa will be achieved by employing the Dividend Discount Model that charts the discount of cash-flow against price to assess when stocks are undervalued.
The fund may invest in Australian and New Zealand as well as countries more normally associated with Asia.
In comparison to its Global partner investors can expect this fund to be more volatile and more prone to cyclical trends.

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. Past performance or any yields quoted should not be considered reliable indicators 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; they may also have risks relating to the geographical area, industry sector and/or underlying assets in which they invest. 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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