JO Hambro CM Asia Ex Japan A GBP

Targets long term capital returns by investing in Asian equities.

  • 214.30p
    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!

  • 0.90%
    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).

  • 1.08%
    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.

  • 0.80%
    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 01 July 2020

Fund summary

Sector Asia Pacific Excluding Japan
Structure OFFSHORE FUND
Launched September, 2011
Size £79m
Yield 0.80%
Charging basis
Dividends paid 28 Feb

Charges

Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 0.90%
Ongoing charges figure 1.08%

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Investment process

The investment objective of the Fund is to achieve long-term capital appreciation through investment, both direct and indirect, in a diversified portfolio of Asia ex-Japan equity securities. The Fund aims to achieve its investment objective primarily through investment in equity securities of companies domiciled or exercising the predominant part of their economic activities in Asia ex-Japan.

Manager research

Average monthly relative returns

  • 15/16 0.00%
  • 16/17 -0.30%
  • 17/18 -1.35%
  • 18/19 0.06%
  • 19/20 0.49%

Bestinvest MRI

  • 3 years -0.27%
  • 5 years 0.00%
  • Career 0.04%
  • 3 years 34.80%
  • 5 years 0.00%
  • Career 82.90%

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

Samir Mehta

Prior to joining JOHCM Mehta was a Partner and CIO in a firm specialising in Asian equities, Silver Metis Capital Management. He was previously Lloyd George Management from 1998-2007 as CIO and also had responsibility for the LGM investment process and managing the team of 20 investment professionals. Before joining Lloyd George Management in Hong Kong in 1998, he managed private client money for ANZ in India and worked as an analyst for Peregrine Securities for over 8 years. Mehta was educated at Bombay University and is a qualified Chartered Accountant.

Track record

Samir Mehta has 9.3 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.04%. During the worst period of relative performance (from February 2016 - November 2018) there was a decline of 23% relative to the index. The worst absolute loss has been 24%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is 83%.

Periods of worst performance

Absolute -24.00% (August 2017 - October 2018)
Relative -23.00% (February 2016 - November 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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Key Investor Information

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