fund

Rated

This is one of our rated funds. They’re the ones our experts believe will do well for investors over the longer term. Top of the class!

FSSA Asia Focus B GBP

  • 238.87p
    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?

  • 4.00% 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!

  • 0.85%
    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).

  • 0.90%
    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.

  • 0.90%
    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 11 June 2021, fund data last updated 22 February 2021

The fund aims to achieve capital growth over time rather than to simply outperform any benchmark, through investment in large and mid-sized Asian (ex Japan) and Australasian equities. Manager Martin Lau invests with an absolute return mindset and aims to identify companies with strong management teams, franchises and balance sheets. He adopts a pragmatic medium to long-term investment approach with a flexible style that will adapt to prevailing economic conditions. He is prudent with risk/reward and avoids companies that are too highly priced.

Fund summary

Sector Asia Pacific Excluding Japan
Structure OEIC
Launched
Size £1,168m
Yield 0.90%
Charging basis Income
Dividends paid Acc units only

Charges

Standard initial charge 4.00%
Initial charge via Bestinvest 0.00%
Annual management charge 0.85%
Ongoing charges figure 0.90%

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Investment process

Bottom-up stock selection forms the foundation of the investment process. The team identifies companies with strong competitive advantages, franchises, balance sheet or management that have sustainable long-term earnings per share growth prospects. The team have a strong valuation discipline, not wanting to diminish the upside and increase the downside risk by over paying for a company. Company visits are considered paramount, and the team undertakes approximately 1000 one-to-one company meetings each year. The team's research analysts have significant input on stock ideas and recommendations for the portfolio. Team discussions around assumptions, potential risks and rewards, valuations and macro-overlays take place formally and informally. The manager is responsible for forming and managing the portfolio, deciding on price, quantity, timing of purchases and sales.

Martin Lau is an experienced fund manager investing in the Asia Pacific ex Japan region and is supported by strong analytical resource with a small team based in Asia. His focus is on absolute returns with prudent risk/return balance and considers capital preservation to be the foundation for long-term wealth creation. As a results his funds have historically delivered a degree of protection from falling markets, and though they often lag rising markets he has delivered benchmark-beating returns over the long term. This fund is managed pari passu with FSSA Asian Equity Plus, its offshore equivalent.

Manager research

Average monthly relative returns

  • 16/17 0.00%
  • 17/18 0.00%
  • 18/19 0.00%
  • 19/20 0.00%
  • 20/21 0.00%

Bestinvest MRI

  • 3 years 0.00%
  • 5 years 0.00%
  • Career 0.00%
  • 3 years 0.00%
  • 5 years 0.00%
  • Career 0.00%

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

Track record

Periods of worst performance

Absolute 0.00% ()
Relative 0.00% ()

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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Sector breakdown

Information Technology 21.00%
Financials 20.00%
Consumer Staples 18.00%
Health Care 10.00%
Consumer Discretionary 10.00%
Communications 7.00%
Industrials 7.00%
Real Estate 3.00%
Utilities 2.00%
Money Market 1.00%

Portfolio

The portfolio is fairly diversified, containing 40-100 securities.

Key Investor Information

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