ASI Asia Pacific & Japan Equity I

Invests in Asia and Japan with a bias to large companies.

  • 214.98p
    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!

  • 1.00%
    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).

  • 1.09%
    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.

  • 0.80%

    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 May 2021, 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 October, 2012
Size £132m
Yield 0.80%
Charging basis Income
Dividends paid Acc units only


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 1.09%


Proportion (%)

  • {{chartDataItem.text}}


Proportion (%)

  • {{chartDataItem.text}}


Proportion (%)

  • {{chartDataItem.text}}

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

  • 16/17 -0.13%
  • 17/18 -0.13%
  • 18/19 0.12%
  • 19/20 0.02%
  • 20/21 0.20%

Bestinvest MRI

  • 3 years 0.12%
  • 5 years 0.02%
  • Career 0.26%
  • 3 years 88.10%
  • 5 years 80.00%
  • Career 100.00%

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

Aberdeen Asian Equities Team

Hugh Young is Managing Director of Aberdeen Asset Management Asia Limited, Group Head of Direct Investments as well as a member of the executive committee responsible for the Aberdeen Group's day-to-day running. Born in 1958, Young is a Politics graduate from Exeter University. He began his career in 1980 as an analyst with Henderson Crosthwaite, then moving to MGM where he ran money between 1981 and 1984. He joined Fidelity in 1984 but moved to Sentinel Insurance in 1985, where he was a Far East fund manager. Sentinel was acquired by Aberdeen in 1988 and he moved to Singapore in 1992 to set up Aberdeen’s Singapore arm. Young is also Head of Asian Equities, and his team of over 40 investment professionals works across six locations (Singapore, Sydney, Bangkok, Kuala Lumpur, Hong Kong and Tokyo) managing over US$120 billion of equities in the Asia region, including Japan.

Track record

Aberdeen Asian Equities Team has 33.3 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.26%. During the worst period of relative performance (from April 1990 - October 1991) there was a decline of 35% relative to the index. The worst absolute loss has been 63%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is more than 99%.

Periods of worst performance

Absolute -63.00% (April 1996 - August 1998)
Relative -35.00% (April 1990 - October 1991)

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.


Proportion (%)

  • {{chartDataItem.text}}


Proportion (%)

  • {{chartDataItem.text}}


Proportion (%)

  • {{chartDataItem.text}}

Top 10 holdings

Data accurate as at 31 July 2020

7.3% As Sicav I - China A Share Equity Fund
5.6% Tencent Hldgs Ltd
5.5% Taiwan Semiconductor Co
5% Samsung Electronics Co
2.8% Keyence Corp
2.6% Ping An Insurance(Gr)Co Of China
2.2% Shin-Etsu Chemical Co
2.1% Japan Exchange Group Inc
2.1% Bank Central Asia
1.9% Chugai Pharmaceutical Co
Source: Trustnet

Sector breakdown

Financials 28.00%
Information Technology 19.00%
Health Care 11.00%
Materials 9.00%
Consumer Discretionary 9.00%
Communications 8.00%
Industrials 7.00%
Consumer Staples 4.00%
Real Estate 3.00%
Others 1.00%


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


Relative stock exposure + 5%, sector exposure +/- 10%, country exposure: +/- 35%. These are considered as informal limits.

Key Investor Information