ASI Asia Pacific & Japan Equity A

  • 278.77p
    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.

  • -
    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?

  • 0.00%

    Initial charge

    Some 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!

  • 1.75%
    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).

  • 1.92%
    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.

  • 0.50%
    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…

Prices as at 07 July 2020, fund data last updated 19 December 2014

The fund aims to achieve long term capital growth by investing in companies that are based or carry out a significant portion of their activities in the Asia Pacific region including Japan. The portfolio is run by the experienced Aberdeen Asian Equities team. The fund has bias to good quality companies with strong balance sheets and rigourous corporate governance practices. Japan has been a structural underweight for some time.

Fund summary

Sector Asia Pacific Including Japan
Structure OEIC
Launched
Size £116m
Yield 0.50%
Charging basis Income
Dividends paid Acc units only

Charges

Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Annual management charge 1.75%
Ongoing charges figure 1.92%

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Investment process

Simplicity and clarity are the two guiding elements behind the team-based investment process. The manager and the team follow a long-term team-based approach, picking believed-to-be best companies in each sector. The team does many site visits, regularly meets management and does rigourous due-diligence work. The aim is to find new high quality regional companies with strong financials, robust corporate governance policies, treating minority shareholders well. The team must reach a consensus before a stock is included into a portfolio. Turnover at 10-15% p.a. has been low throughout most of the fund’s life, consisting mainly of topping and tailing, with very few names entering and leaving the portfolio. The solid team of over 40 investment professionals across six locations (Singapore, Sydney, Bangkok, Kuala Lumpur, Hong Kong and Tokyo) has Hugh Young as Head of Asian Equities. The entire team strictly adheres to the process, and Young has made sure that the team-based process developed over many years ensures continuity. The latter is one of the key strengths in relation to this and other funds managed by the team.

Manager research

Average monthly relative returns

  • 15/16 0.00%
  • 16/17 0.00%
  • 17/18 0.00%
  • 18/19 0.00%
  • 19/20 0.00%

Bestinvest MRI

  • 3 years 0.00%
  • 5 years 0.00%
  • Career 0.00%
  • 3 years 0.00%
  • 5 years 0.00%
  • Career 0.00%

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

Track record

Periods of worst performance

Absolute 0.00% ()
Relative 0.00% ()

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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Sector breakdown

Financials 25.00%
Information Technology 17.00%
Health Care 10.00%
Materials 9.00%
Communications 8.00%
Consumer Discretionary 7.00%
Others 7.00%
Industrials 7.00%
Consumer Staples 5.00%
Real Estate 4.00%

Portfolio

The portfolio usually contains approximately 50 to 60 stocks held on average for 3 to 4 years.

Key Investor Information

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