fund
Allianz Total Return Asian Equity C
Invests in high yielding or undervalued securities in Asia, excluding Japan.
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1273.85p
Price (Inc)
These are the shares in the fund that pay out an income to clients. The income is made up of the total dividends – the money a company can pay out to its investors – from the companies in the fund.
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256.41p
Price (Acc)
These are the shares in the fund that don’t pay out an income to clients. Any dividends – the money a company can pay out to its investors – are reinvested into companies in the fund. Despite no income, the shares should be worth more over time. Good incentive, eh?
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0.00%
Initial chargeSome funds charge you when you first invest, which is aptly known as the initial charge. They’re usually between 3-5% but at Bestinvest, we usually don’t charge you a penny!
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1.00%
Annual management charge
This is how much the fund management company charges to run the fund. It’s like paying a babysitter, dog sitter or house sitter (that makes well-informed, heavily researched changes to improve your baby/dog/house when needed).
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1.19%
Ongoing charges
This stands for Ongoing Charges Figure. It’s the cost of running a fund and includes admin fees, manager fees, administration costs, etc.
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0.60%
Yield
How much the fund is currently paying out in income to investors. It’s NOT to be confused with the overall growth of a fund – a very different thing indeed. It’s also NOT a guarantee of future pay-outs, just a snapshot. This is more what it’s not than what it is…
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 | November, 2006 |
| Size | £79m |
| Yield | 0.60% |
| Charging basis | Capital |
| Dividends paid | 30 Jun, 31 Dec |
Charges
| Standard initial charge | 0.00% |
| Initial charge via Bestinvest | 0.00% |
| Additional bid/offer spread | 0.00% |
| Annual management charge | 1.00% |
| Ongoing charges figure | 1.19% |
Allocation
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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
- 16/17 -0.47%
- 17/18 -0.20%
- 18/19 0.10%
- 19/20 0.69%
- 20/21 1.06%
Bestinvest MRI
- 3 years 0.62%
- 5 years 0.23%
- Career 0.20%
- 3 years 98.20%
- 5 years 92.70%
- Career 95.10%
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 7.5 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.2%. 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%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is 95%.
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
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Top 10 holdings
Data accurate as at 31 July 2020
| 9.87% | Taiwan Semiconductor Co |
| 9.56% | Alibaba Group Hldg Ltd |
| 9.36% | Tencent Hldgs Ltd |
| 5.05% | Reliance Industries |
| 4.43% | Hong Kong Exchanges & Clearing |
| 3.83% | Hdfc Bank Ltd-Adr |
| 3.79% | Lg Chem |
| 3.57% | Tal Education Group |
| Source: Trustnet |
Sector breakdown
| Technology | 35.00% |
| Financials | 24.00% |
| Consumer Services | 17.00% |
| Health Care | 7.00% |
| Oil & Gas | 5.00% |
| Industrials | 5.00% |
| Basic Materials | 4.00% |
| Consumer Goods | 3.00% |