BNY Mellon Oriental

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

  • 963.69p
    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!

  • 1.50%
    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).

  • 1.68%
    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.

  • 0.00%
    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 18 September 2020, 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 £97m
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

  • 15/16 0.00%
  • 16/17 -0.40%
  • 17/18 -0.22%
  • 18/19 -0.27%
  • 19/20 2.22%

Bestinvest MRI

  • 3 years 0.58%
  • 5 years 0.27%
  • Career 0.14%
  • 3 years 93.70%
  • 5 years 87.90%
  • Career 78.50%

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 6.5 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.14%. 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%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is 79%.

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.

Allocation

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Top 10 holdings

Data accurate as at 31 July 2020

7.65% Samsung Sdi
6.98% Alibaba Group Hldg Ltd
6.14% Tencent Hldgs Ltd
6.12% Meituan Dianping
5.75% Taiwan Semiconductor Manufacturing
5.35% New Oriental Education & Technology
4.4% Longi Green Energy Tech Co Ltd
4.04% Gsx Techedu Inc
3.66% Info Edge India Ltd
3.44% Housing Development Finance Corp
Source: Trustnet

Sector breakdown

Consumer Services 31.00%
Technology 25.00%
Industrials 12.00%
Financials 11.00%
Basic Materials 7.00%
Consumer Goods 6.00%
Money Market 4.00%
Health Care 3.00%

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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