fund
ASI Global Equity Unconstrained P1
Invests internationally without sector, regional or company size restraints.
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130.40p
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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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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0.85%
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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1.02%
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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0.50%
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…
The fund aims to provide long term growth by investing in a diversified portfolio of global equity assets. The investment team will maintain a diverse asset mix at country, sector and stock level, with the regional, country and sector weightings within the portfolio being a by-product of the underlying stock exposure. Their primary focus is on stock selection to try to take advantage of opportunities they have identified.
Fund summary
| Sector | Global |
| Structure | OEIC |
| Launched | May, 2012 |
| Size | £126m |
| Yield | 0.50% |
| Charging basis | Income |
| Dividends paid | Acc units only |
Charges
| Standard initial charge | 0.00% |
| Initial charge via Bestinvest | 0.00% |
| Additional bid/offer spread | 0.00% |
| Annual management charge | 0.85% |
| Ongoing charges figure | 1.02% |
Allocation
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Investment process
The investment goal is to consistently outperform the fund's benchmark over 1 year periods, through an investment strategy that focuses on global stock selection. The Fund will not be restricted by index weightings, sector constraints or company size.
Manager research
Average monthly relative returns
- 16/17 -0.87%
- 17/18 -0.22%
- 18/19 -0.53%
- 19/20 0.11%
- 20/21 -0.37%
Bestinvest MRI
- 3 years -0.26%
- 5 years -0.38%
- Career -0.12%
- 3 years 24.20%
- 5 years 9.70%
- Career 44.80%
Performance figures are based on the average of monthly percentage returns relative to the benchmark index.
Mikhail Zverev
After graduating from St Petersburg State Technical University with a BSc in Physics, Zverev started his career in 1998 with Trigon Capital, an Eastern European investment banking firm, where his focus was on technology investment banking. He gained a MSc Accounting and Finance from London School of Economics and joined the investment banking division of Schroder Salomon Smith Barney in London in 2001, before moving to First State Investments as an Analyst, UK equities in 2002. He joined Standard Life Investments in January 2007, becoming head of global equities in 2012
Track record
Mikhail Zverev has 10.7 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.12%. During the worst period of relative performance (from December 2015 - February 2021) there was a decline of 24% relative to the index. The worst absolute loss has been 19%.
Periods of worst performance
| Absolute | -19.00% (July 2019 - March 2020) |
| Relative | -24.00% (December 2015 - February 2021) |
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 30 June 2020
| 5% | Fis Software |
| 4.7% | Microsoft Corp |
| 4.7% | Boston Scientific Corp |
| 4.6% | Rwe Ag(Neu) |
| 4.5% | Amazon.com Inc |
| 4.4% | Astrazeneca Plc |
| 4.4% | Orpea |
| 4.2% | Facebook Inc |
| 4.1% | Las Vegas Sands Corp |
| 4.1% | Vonovia Se |
| Source: Trustnet |
Sector breakdown
| Information Technology | 21.00% |
| Health Care | 20.00% |
| Consumer Discretionary | 12.00% |
| Consumer Staples | 10.00% |
| Communications | 8.00% |
| Financials | 7.00% |
| Utilities | 6.00% |
| Real Estate | 5.00% |
| Industrials | 5.00% |
| Money Market | 3.00% |
Key Investor Information