ASI Multi-Asset I

Invests in equities, bonds and funds with the aim of providing long term total return.

  • 157.48p
    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.

  • 354.66p
    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!

  • 0.75%
    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).

  • 0.95%
    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.

  • 1.10%
    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 20 January 2021, fund data last updated 20 May 2010

The fund's objective is to provide long term total return, the managers may select from a mix of securities, which includes UK and international equities, bonds and funds to achieve the objective. The managers will primarily use internal funds within Aberdeen and look to add value by asset allocation by selecting alternative assets.

Fund summary

Sector Mixed Investment 40-85% Shares
Structure OEIC
Launched March, 1991
Size £152m
Yield 1.10%
Charging basis
Dividends paid 30 Apr, 31 Oct

Charges

Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 0.75%
Ongoing charges figure 0.95%

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Investment process

The funds objective is to provide long term total return from a diversified portfolio, the managers may invest in funds, equities and bonds. Other securities which may be used include money market instruments, warrants, derivatives and forward transactions, cash and near cash and deposits. The managers will seek to add returns by asset allocation and macro views.

Manager research

Average monthly relative returns

  • 16/17 -0.07%
  • 17/18 -0.03%
  • 18/19 0.09%
  • 19/20 0.25%
  • 20/21 0.43%

Bestinvest MRI

  • 3 years 0.26%
  • 5 years 0.13%
  • Career 0.03%
  • 3 years 94.80%
  • 5 years 92.70%
  • Career 90.70%

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

Aberdeen Multi-Asset Team

Michael Turner - After graduating from Heriot-Watt in 1984 Michael joined Waverley Asset Management. Between 1986 to 1988 he worked for the Gulf International Bank based in Bahrain as a Global Fixed Income Manager. In 1988 he joined WorldInvest as Head of Fixed Income overseeing US$900 million assets in global fixed income accounts. He was a member of the Investment Policy Committee and Head of Currency Overlay Committee, responsible for currency overlay strategy on US$2.5 billion of assets. Turner joined Edinburgh Fund Managers in February 1998 as Head of Fixed Interest & Strategy. Turner was also a Divisional Director of the Investment Management Divisional Board and a member of the Asset Allocation Committee. In recognition of his input into the geographic desks and overall strategy He was appointed Macro-Economic Strategist for EFM in February 2001. In May 2003, he was appointed a director of EFM plc and member of the Leadership Team. Following the takeover of EFM by Aberdeen Asset Management. He was appointed Head of Global Strategy overseeing the asset allocation process for the group working closely with the CIO, Head of Global Equity and Head of Global Fixed Interest. He is also a member of the Marcro-Economic team with specific focus on the Eurozone economic and monetary policy outlook. Turner is also a Trustee of the Edinburgh Fund Managers Group Retirement & Death Benefits Plan. Fiona Gillespie - Joined Edinburgh Fund Managers in 1993. Following the acquisition of Edinburgh Fund Managers by Aberdeen Asset Management, Gillespie was appointed as Global Investment Strategist in December 2003. Prior to that she was an Investment Manager on various teams within the Investment Department, including the Japanese, European and Global teams. Gillespie graduated with a BA (Hons) Business Studies from Napier University, Edinburgh in 1996 and a Diploma in Investment Analysis from Stirling University in 1998. She is an Associate member of the UK Society for Investment Professionals.

Track record

Aberdeen Multi-Asset Team has 17.1 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.03%. During the worst period of relative performance (from May 2007 - January 2016) there was a decline of 18% relative to the index. The worst absolute loss has been 34%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is 91%.

Periods of worst performance

Absolute -34.00% (May 2007 - February 2009)
Relative -18.00% (May 2007 - January 2016)

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

14.5% Asi Aam Sterling Government Bond Fund
13.4% Asi American Equity Enhanced Index Fund
4.7% Pantheon International Plc
4% Asi European Equity Enhanced Index Fund
3.8% Asi American Equity Tracker Fund
2.9% Astrazeneca Plc
2.1% As Sicav I - Japanese Equity Fund
1.7% Diageo
1.7% Aveva Group
1.7% Prudential Plc
Source: Trustnet

Sector breakdown

Others 43.00%
Financials 13.00%
Mutual Funds 10.00%
Health Care 7.00%
Industrials 7.00%
Consumer Staples 6.00%
Utilities 3.00%
Consumer Discretionary 3.00%
Communications 3.00%
Materials 2.00%

Key Investor Information - Income

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Key Investor Information - Accumulation

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