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!

Jupiter Asian Income Z

  • 150.11p
    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.

  • 183.43p
    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!

  • 0.65%
    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).

  • 0.88%
    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.

  • 3.20%
    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 16 September 2021, fund data last updated 23 February 2021

The fund aims to generate income and capital growth over the long-term through investment in Asian (ex Japan) and Australasian equities. Managed by Jason Pidcock, the fund is unconstrained and run with an absolute return mindset with little reference to the benchmark. The portfolio is concentrated with Pidcock focusing on large-cap, high quality yielding companies that he aims to hold for long periods of time. This fund has an income tilt, typically producing a yield at least 20% higher than that of its benchmark index, and is naturally defensive as capital preservation is of key importance for the manager.

Fund summary

Sector Asia Pacific Excluding Japan
Structure OEIC
Launched
Size £744m
Yield 3.20%
Charging basis Capital
Dividends paid 28th Feb, 31st May, 31st Aug, 30th Nov

Charges

Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Annual management charge 0.65%
Ongoing charges figure 0.88%

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Investment process

Jason Pidcock aims to invest in highly liquid quality stocks with an income tilt from across the Asia Pacific (ex Japan) region. His investment process blends a top-down and bottom-up approach to stock selection, as he aims to avoid top-down risks and identify what he deems to be quality companies from the bottom-up. The manager’s focus is on companies with strong balance sheets, competitive advantages and high barriers to entry. These companies must be well-managed and well-positioned within their market, and must have a scalable and sustainable business model. Thorough knowledge of both existing and potential investments is core to the process and Pidcock regularly meets with management teams and reads third party research and broker reports to build a clearer picture of a company. As part of his due diligence he analyses the fundamentals of a company’s balance sheet to understand how sustainable the free cash flow generation is and meets with management teams to greater understand how cash is deployed and the company’s ability to distribute cash to shareholders as dividends (where reasonable to do so). Valuation is also a key consideration for portfolio inclusion. Pidcock uses a number of valuation metrics, including P/E and P/B, both relative to peers and the company’s own history. As a result of the dividend and capital discipline of underlying holdings, the portfolio tends to have a defensive bias.

A manager with a solid track record, Jason Pidcock fits into Jupiter's individualistic talented managers' culture perfectly. He is very experienced, having invested in Asian equities for over 20 years, and managed the Newton Asian Income fund for 10 years from launch. Historically his approach has provided a degree of protection in falling markets, though he has often lagged rising markets. Though it has an income tilt, the fund's focus on total return would appeal to a wide range of investors seeking to benefit from structural growth trends in Asia.

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

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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

Financials 33.00%
Technology 26.00%
Consumer Goods 11.00%
Industrials 10.00%
Consumer Services 6.00%
Telecommunications 6.00%
Basic Materials 6.00%

Portfolio

40-50 holdings

Key Investor Information - Income

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Key Investor Information - Accumulation

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