Marlborough Far East Growth P

Invests in Pacific Basin equities excluding Japan.

  • 265.81p
    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.

  • 317.52p
    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!

  • 0.75%
    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.

  • 1.50%
    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 15 January 2021

The Fund aims to provide investors with long term capital growth from an actively managed portfolio of equities in the Pacific Basin region, excluding Japan.

Fund summary

Sector Asia Pacific Excluding Japan
Structure OEIC
Launched January, 2013
Size £40m
Yield 1.50%
Charging basis Income
Dividends paid 31 Mar, 30 Sep

Charges

Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 0.75%
Ongoing charges figure 1.08%

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Investment process

The fund's objective is to provide investors with long term capital growth from an actively managed portfolio of securities. The Fund will invest primarily in securities in the Pacific Basin region, excluding Japan, in order to achieve long term capital growth.

Manager research

Average monthly relative returns

  • 16/17 0.29%
  • 17/18 -0.38%
  • 18/19 -0.35%
  • 19/20 -0.01%
  • 20/21 -0.93%

Bestinvest MRI

  • 3 years -0.43%
  • 5 years -0.28%
  • Career -0.03%
  • 3 years 5.90%
  • 5 years 14.20%
  • Career 67.40%

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

Sally Macdonald

Macdonald has a BA in Classics from Southampton University and is a Member of the Society of Investment Professionals (ASIP). She spent seven years at Provident Mutual before moving to Sanwa to run the Asian equity desk for four years. She moved to Lazards to head up the Asian Pacific desk before joining Canada Life in 1997. In March 2004 she joined Morley to manage offshore funds and the Asian component of their balanced funds. In January 2007 she moved to Dalton Strategic Partners. She left City of London Investment Management in 2011. She joined Marlborough in 2013.

Track record

Sally Macdonald has 22.3 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.03%. During the worst period of relative performance (from March 1994 - December 2020) there was a decline of 49% relative to the index. The worst absolute loss has been 60%.

Periods of worst performance

Absolute -60.00% (October 2007 - January 2014)
Relative -49.00% (March 1994 - December 2020)

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 July 2020

5.5903% Alibaba Group Hldg Ltd
3.9887% Samsung Electronics Co
3.7752% Taiwan Semiconductor Manufacturing
3.748% Tencent Hldgs Ltd
3.1038% Hengan Intl Group Co Ltd
2.9637% China Overseas Land & Investmnts
2.8329% Elan Microelectronics Corp
2.7276% Escorts
2.7201% Xtrackers X Harvest Csi300 Usd
2.586% Inari Amertron Bhd
Source: Trustnet

Key Investor Information - Income

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Key Investor Information - Accumulation

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