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SKANDIA INVESCO PERPETUAL ASIAN GROWTH PF - Fund overview

Bestinvest rating

Overview of SKANDIA INVESCO PERPETUAL ASIAN GROWTH PF

The aim of this fund is to achieve capital growth and Stuart Parks takes a pragmatic approach to investing in the region, switching between growth and value styles depending on the prevailing market environment. The manager's process is a mix of top-down country and sector analysis as well as in-depth company analysis which seeks to identify stocks where the consensus may be wrong in its assessment of the firm's prospects. This fund is very similar to the Invesco Asia Investment Trust, except that the investment trust has some borrowing and a little exposure to mid and small cap stocks.

Standard Initial Charge

No data available.

Fund summary

Sector	–
Product type	PENSION FUND
Launched	July, 1990
Size	£45m
Yield	0.0%
Charging basis	–
Dividends paid	–
Bid price	589.10p

Fund Charges

Standard Initial charge	–
Initial charge via Bestinvest	–
Additional bid/offer spread	5.00%
Annual management charge	0.95%
Total expense ratio	1.35%
Reduction in yield (10yr)	1.85%

Bestinvest says

This portfolio is managed for total return investing in the Asian equities ex-Japan but includes Australia. Parks seeks to gain the correct asset split through a thorough study of the macroeconomic situation. This determines his overall views for each of the countries represented within the portfolio. The manager uses the tried and tested methods of P/E and P/Book ratios for stock valuation following a pragmatic approach to investment. The fund has been outperforming its benchmark consistently over the years, although is unlikely to greatly differ from the benchmark.

Portfolio

skandia invesco perpetual asian growth pf asset allocation illustration

Allocation		Proportion

	Equity	99%
	High yield bonds	0%
	Quality bonds	0%
	Property	0%
	Commodities	0%
	Hedge	0%
	Fund cash	1%

skandia invesco perpetual asian growth pf equity geographic illustration

Allocation		Proportion

	UK	1%
	Europe	0%
	Nth America	0%
	Japan	0%
	Pacific	40%
	Other Equity	59%

skandia invesco perpetual asian growth pf equity capitalisation illustration

Allocation		Proportion

	Large Caps	70%
	Mid Caps	25%
	Small Caps	5%

View all performance data for SKANDIA INVESCO PERPETUAL ASIAN GROWTH PF

Investment process

The Invesco Perpetual Asian Fund aims to achieve capital growth in Asia and
Australasia, excluding Japan. The investment process initially focuses on macro economic trends and in particular liquidity conditions that shape the environment for equities. This in turn provides a reference for determining the fund's exposure to growth or value type companies and small versus large cap stocks. Broadly positive liquidity conditions favour growth companies, whilst poor liquidity conditions favour lower beta companies that offer the prospect of greater capital protection.
Stock selection focuses on the earnings growth rate implied by valuations, earnings transparency and cash flow. The fund will always have a reasonable weighting to the technology and financial sectors as a result of their large weighting within the index.
The fund mandate was amended in April 2005 to include Australasia.

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.

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