Legg Mason IF Martin Currie Asia Pacific A

Taking advantage of equity investments in the Asia Pacific region.

  • 192.10p
    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?

  • 5.00% 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!

  • 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).

  • 1.79%
    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.

  • 1.10%
    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 08 July 2020

The Fund aims to provide capital growth by investing in any economic sector in all or any of the Middle East, the Indian sub-continent, Australia, New Zealand and the Far East, excluding Japan. The Fund may use derivatives for the purposes of risk reduction and efficient portfolio management.

Fund summary

Sector Asia Pacific Excluding Japan
Structure OEIC
Launched June, 2015
Size £34m
Yield 1.10%
Charging basis Income
Dividends paid Acc units only

Charges

Standard initial charge 5.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 1.50%
Ongoing charges figure 1.79%

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Investment process

The fund's objective is to produce long-term capital growth by investing in the Indian sub-continent, Australasia and the Far East, excluding Japan.

Manager research

Average monthly relative returns

  • 15/16 0.00%
  • 16/17 0.00%
  • 17/18 0.00%
  • 18/19 0.00%
  • 19/20 0.00%

Bestinvest MRI

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  • 5 years 0.00%
  • Career 0.00%
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  • 5 years 0.00%
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Performance figures are based on the average of monthly percentage returns relative to the benchmark index.

Andrew Graham

Graham has had over 20 years’ experience of managing Asia-Pacific equities. He joined Martin Currie in May 2010 from Sofaer Global Research (UK) where he was a partner and portfolio manager of the Sofaer Capital Pacific Hedge fund (since July 2004). In 1999, he joined Putnam Investments, where he was senior vice president, co-managing the International Capital Opportunities Fund as well as having regional responsibilities for Asia. Before this he worked at Kemper Investments, taking over the Japanese part of the Kemper International Fundn when he arrived in 1995. BA (Hons) Economics (University of Strathclyde)

Track record

The track record of Andrew Graham in managing mutual funds in this sector is still too short for us to draw any meaningful conclusions and so our assessment is based largely on qualitative aspects.

Periods of worst performance

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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 January 2020

7.84% Alibaba Group Hldg Ltd
7.67% Tencent Hldgs Ltd
5.94% Taiwan Semiconductor Manufacturing
5.88% Samsung Electronics Co
5.17% Aia Group Ltd
4.1% Ping An Insurance(Gr)Co Of China
3.68% Macquarie Group Ltd
3.33% Australia (Commonwealth Bank Of)
2.93% China Construction Bank
2.87% United Overseas Bank
Source: Trustnet

Sector breakdown

Financials 28.00%
Consumer Discretionary 16.00%
Information Technology 14.00%
Communications 11.00%
Consumer Staples 6.00%
Materials 6.00%
Industrials 5.00%
Energy 4.00%
Utilities 4.00%
Health Care 2.00%

Portfolio

This fund will normally hold between 50-60 positions in its portfolio.

Key Investor Information

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