LF Canlife Asia Pacific B

Unconstrained fund which aims to take advantage of opportunities in the Far East.

  • 1363.80p
    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?

  • 4.75% 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!

  • 1.00%
    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).

  • 1.17%
    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 18 September 2020

The fund aims to provide capital growth mainly from investment in shares quoted on Asia-Pacific markets, excluding Japan. The fund is actively managed and invests in a concentrated portfolio of high conviction ideas.

Fund summary

Sector Asia Pacific Excluding Japan
Structure OEIC
Launched April, 1984
Size £113m
Yield 1.10%
Charging basis Income
Dividends paid Acc units only

Charges

Standard initial charge 4.75%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 1.00%
Ongoing charges figure 1.17%

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Investment process

This trust aims to provide capital growth mainly from investment in shares quoted on Far Eastern markets.

Manager research

Average monthly relative returns

  • 15/16 -1.18%
  • 16/17 -0.01%
  • 17/18 0.04%
  • 18/19 -0.19%
  • 19/20 0.62%

Bestinvest MRI

  • 3 years 0.15%
  • 5 years -0.15%
  • Career 0.02%
  • 3 years 95.10%
  • 5 years 34.10%
  • Career 80.80%

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

Kim Lee

Lee joined Canada Life in March 2006, having previously worked in Shell Pensions Management Services Limited, managing Shell's various pensions in Far East ex-Japan for 18 years. Prior to that she worked as a management trainee at Canadian Imperial Bank of Commerce. Lee has a BSc in Management Science and an MSc in Computation from UMIST (University of Manchester Institute of Science & Technology), and an MBA from Manchester Business School.

Track record

Kim Lee has 14.3 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.02%. During the worst period of relative performance (from October 2010 - January 2019) there was a decline of 29% relative to the index. The worst absolute loss has been 45%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is 81%.

Periods of worst performance

Absolute -45.00% (October 2007 - October 2008)
Relative -29.00% (October 2010 - January 2019)

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 July 2020

7.1% Alibaba Group Hldg Ltd
6.6% Tencent Hldgs Limited
6% Taiwan Semiconductor Manufacturing
4.1% Samsung Electronics Co
4% Lyxor Msci Asia Pacific
2% Aia Group Ltd
1.9% Meituan Dianping
1.7% Reliance Industries
1.5% Csi Ltd
1.5% Hong Kong Exchanges & Clearing
Source: Trustnet

Sector breakdown

Financials 21.00%
Information Technology 18.00%
Consumer Discretionary 14.00%
Others 11.00%
Communications 10.00%
Materials 6.00%
Real Estate 5.00%
Others 5.00%
Industrials 5.00%
Consumer Staples 5.00%

Key Investor Information

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