Allianz Total Return Asian Equity A

Invests in high yielding or undervalued securities in Asia, excluding Japan.

  • 898.47p Price (Inc)
  • - Price (Acc)
  • 4.00% 0.00% Initial charge
  • 1.75% Annual management charge
  • 2.15% Ongoing charges
  • 1.00% Yield

Prices as at 06 December 2019

The objective of the Fund is to maximise total return through dividend yield and capital appreciation by investing in high yielding or undervalued securities of companies in Asia, excluding Japan. The portfolio will consist of a concentrated range of securities from any sector in the MSCI AC Far East (ex Japan) Index and may include the securities of smaller companies.

Fund summary

Sector Asia Pacific Excluding Japan
Structure OEIC
Launched June, 2002
Size £41m
Yield 1.00%
Charging basis Capital
Dividends paid 30 Jun, 31 Dec

Charges

Standard initial charge 4.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 1.75%
Ongoing charges figure 2.15%

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Investment process

The Fund's objective is to maximise total return through dividend yield and capital appreciation by investing in high yielding or undervalued securities of companies in Asia, excluding Japan.

Manager research

Average monthly relative returns

  • 14/15 0.03%
  • 15/16 -0.34%
  • 16/17 -0.28%
  • 17/18 -0.47%
  • 18/19 0.44%

Bestinvest MRI

  • 3 years -0.11%
  • 5 years -0.13%
  • Career -0.01%
  • 3 years 53.60%
  • 5 years 50.80%
  • Career 72.90%

Performance figures are based on the average of monthly percentage returns relative to the benchmark index.

Pan Yu Ming

Yu Ming is a senior portfolio manager with responsibilities for Far East ex Japan portfolios. He graduated with a Bachelor of Business in 1997 and received a Master of Business in 1999, both from Nanyang Technological University. He has also completed the examination by the Association of Chartered Certified Accountants (UK) in 2000, and received his CFA charter in 2003.

Track record

Pan Yu Ming has 5.9 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.01%. During the worst period of relative performance (from February 2014 - October 2018) there was a decline of 15% relative to the index. The worst absolute loss has been 21%.

Periods of worst performance

Absolute -21.00% (April 2015 - September 2015)
Relative -15.00% (February 2014 - October 2018)

About the MRI

Our unique indicator: the Bestinvest Manager Record Index (MRI) measures the likelihood that the fund manager is adding value through their decisions. It is based on their performance record over the course of their career, adjusted for the amount of risk taken. MRI is an important contributor to our fund rating system but it is also vital to take account of qualitative factors. It is also very important to select funds to form a cohesive portfolio with an appropriate overall risk level.

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Top 10 holdings

Data accurate as at 31 July 2019

9.73% Tencent Hldgs Ltd
9.29% Alibaba Group Hldg Ltd
9% Taiwan Semiconductor Co
4.79% Boc Hong Kong(Hldgs)
4.41% Reliance Industries
3.94% Central Pattana Public Co
3.51% Aia Group Ltd
2.87% Hdfc Bank Ltd-Adr
2.64% China Resources Power Hldgs Co
2.63% Mgm China Hldgs Ltd
Source: Trustnet

Sector breakdown

Financials 32.00%
Technology 25.00%
Consumer Services 16.00%
Industrials 8.00%
Oil & Gas 7.00%
Consumer Goods 5.00%
Utilities 3.00%
Health Care 2.00%
Basic Materials 2.00%
Others 2.00%

Key Investor Information

Download