BNY Mellon Oriental

London-based manager with a flexible approach investing in Asia Pacific equities.

  • 672.20p Price (Inc)
  • - Price (Acc)
  • 0.00% Initial charge
  • 1.50% Annual management charge
  • 1.68% Ongoing charges
  • 0.00% Yield

Prices as at 06 December 2019, fund data last updated 28 April 2004

The Fund targets long-term capital growth by investing in shares of companies listed or located in developed and emerging markets in the Asia Pacific region (excluding Japan). The Fund may invest in companies of all sizes and in any industry. Portfolio will typically be comprised of fewer than 60 stocks.

Fund summary

Sector Asia Pacific Excluding Japan
Structure OEIC
Launched November, 1990
Size £81m
Yield 0.00%
Charging basis Income
Dividends paid 31 Oct

Charges

Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 1.50%
Ongoing charges figure 1.68%

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Investment process

The objective is to achieve capital growth by investing in all or any economic sectors of the Asian and Pacific Basin markets, excluding Japan, but including Australia and New Zealand. The emphasis will usually be on the larger countries within the regiion but when opportunities arise, investments may also be made in local emerging markets.

Manager research

Average monthly relative returns

  • 14/15 -0.45%
  • 15/16 -0.07%
  • 16/17 -0.26%
  • 17/18 -0.73%
  • 18/19 0.16%

Bestinvest MRI

  • 3 years -0.28%
  • 5 years -0.27%
  • Career -0.24%
  • 3 years 24.80%
  • 5 years 22.40%
  • Career 24.20%

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

Caroline Keen

Keen is an investment manager in the Asia Pacific ex-Japan team at Newton. She joined Newton in 2009, having begun her career at Blackrock within the global consultant relations group. Keen is a CFA charterholder.

Track record

Caroline Keen has 5.6 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.24%. During the worst period of relative performance (from April 2014 - October 2018) there was a decline of 20% relative to the index. The worst absolute loss has been 22%.

Periods of worst performance

Absolute -22.00% (December 2017 - October 2018)
Relative -20.00% (April 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.

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Top 10 holdings

Data accurate as at 31 August 2019

6.65% Tencent Hldgs Ltd
6.57% New Oriental Education & Technology
6.17% Taiwan Semiconductor Manufacturing
6.03% Alibaba Group Hldg Ltd
6.03% Samsung Sdi
5.92% Aia Group Ltd
4.48% Housing Development Finance Corp
4% Csl
3.96% Samsung Electronics Co
3.8% Autohome Inc
Source: Trustnet

Sector breakdown

Technology 26.00%
Consumer Services 23.00%
Consumer Goods 15.00%
Financials 14.00%
Industrials 10.00%
Health Care 7.00%
Basic Materials 3.00%
Money Market 2.00%
Utilities 1.00%

Portfolio

There are usually around 90 stocks within the portfolio. Typically 70% of the portfolio is invested in large cap stocks with the remainder split between both mid and small cap companies.

Constraints

There are no formal risk controls.

Key Investor Information

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