Bestinvest Logo
Why us
Planning ahead
Insights
fund

FSSA Asia Focus B GBP

PRICE (INC)

224.14p

PRICE (ACC)

224.14p

INITIAL CHARGE

4%

ANNUAL MANAGEMENT CHARGE

0.85%

ONGOING CHARGE

0.9%

YIELD

0.6%

1 YEAR
-4.68%

Prices as at 01 Jul 2022.

Fund commentary last updated 07 Apr 2022.

Past performance is not an indication of future performance.

Capital at risk.

The fund aims to achieve capital growth over the medium to long term by investing at least 80% of its assets into a diversified portfolio of Asian – excluding Japan – and Australasian equities. The management team of Martin Lau and Richard Jones look to invest in large and mid-cap stocks which are either based in the region or have a majority of their business there. They can also invest up to 20% in shares of companies from around the world. They take a bottom-up investment approach, targeting companies with strong management teams, franchises, and balance sheets. These stocks generally have a total market value of at least $1billion. Its holdings include Taiwan Semiconductor Manufacturing Company and Samsung Electronics.

Fund summary

SectorAsia Pacific Excluding Japan
StructureOEIC
Launched
Size£1,002m
Yield0.6%
Charging BasisIncome
Dividends paidAcc units only

Charges

Standard Initial Charge4%
Initial Charge Via BestInvest0%
Additional Bid/Offer Spread%
Annual Management Charge0.85%
Ongoing Charges Figure0.9%

Investment Process

The investment process centres around bottom-up stock selection. The managers identify companies with strong competitive advantages, balance sheets and dominant franchises that have the ability to deliver sustainable and predictable returns over the long term. They also look for founders and management teams that act with integrity and risk awareness. There is a big focus on valuation, with the managers not wanting to diminish the upside and increase the downside risk by overpaying for a company. They use a range of financial and non-financial metrics to estimate a fair market valuation (FMV) for the companies they want to own, and buy at price levels which provide a sufficient ‘margin of safety’ over the medium-to-long term. Company visits are considered paramount, and the team undertakes approximately 1600 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 managers are responsible for forming and managing the portfolio, deciding on price, quantity, timing of purchases and sales. The portfolio typically has between 40 and 100 holdings.

The information on this website is not intended to be advice or a recommendation to buy, sell or hold any investment mentioned. The value of investments and the income from them can go down as well as up and you may not get back the amount invested.

Past performance is not a guide to future performance. View full risk warning