LF Canlife Asia Pacific B

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

  • 1149.88p Price (Inc)
  • - Price (Acc)
  • 4.75% 0.00% Initial charge
  • 1.00% Annual management charge
  • 1.17% Ongoing charges
  • 1.30% Yield

Prices as at 10 December 2019

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 £106m
Yield 1.30%
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

  • 14/15 -0.18%
  • 15/16 -1.27%
  • 16/17 0.14%
  • 17/18 -0.13%
  • 18/19 -0.09%

Bestinvest MRI

  • 3 years -0.02%
  • 5 years -0.30%
  • Career -0.02%
  • 3 years 67.70%
  • 5 years 10.60%
  • Career 70.50%

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 13.3 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%.

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.

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Top 10 holdings

Data accurate as at 31 August 2019

4.5% Alibaba Group Hldg Ltd
4.3% Tencent Hldgs Limited
3.7% Taiwan Semiconductor Manufacturing
3.2% Samsung Electronics Co
2.4% Aia Group Ltd
2.4% X Msci Taiwan
1.9% Australia (Commonwealth Bank Of)
1.9% X Msci Indonesia Swap
1.5% Csi Ltd
1.5% Westpac Banking Corp
Source: Trustnet

Sector breakdown

Financials 23.00%
Others 21.00%
Consumer Discretionary 13.00%
Information Technology 13.00%
Communications 10.00%
Industrials 6.00%
Consumer Staples 5.00%
Real Estate 5.00%
Health Care 4.00%

Key Investor Information

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