Merian Asia Pacific A

Aims for capital growth from investment in the Far East including Australia.

  • 560.60p
    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?

  • 4.00% 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!

  • 1.75%
    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).

  • 1.75%
    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.

  • 0.70%
    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 23 January 2020, fund data last updated 25 June 2003

The Fund's objective is to achieve long-term capital growth through the active management of a diversified portfolio of securities. There is be no geographic or economic restrictions on investment but principally, investment will be in securities traded on Asian and Australasian stock markets.

Fund summary

Sector Asia Pacific Excluding Japan
Structure OEIC
Launched September, 1994
Size £391m
Yield 0.70%
Charging basis Income
Dividends paid Acc units only

Charges

Standard initial charge 4.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 1.75%
Ongoing charges figure 1.75%

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Investment process

The fund's objective is to seek long term capital growth by investing in a diversified portfolio of securities. There will be no geographic or economic restrictions on investment but principally investment will be in securities traded on Far Eastern stockmarkets (including Australia, Hong Kong, Japan and Singapore) and/or in UK and overseas open and closed ended investment companies whose investments are principally in such securities or markets. Some investment may also be made in smaller Far Eastern stockmarkets (including Korea and China) and in India, and also in less well known securities.

Manager research

Average monthly relative returns

  • 15/16 -1.80%
  • 16/17 -0.48%
  • 17/18 0.00%
  • 18/19 -0.56%
  • 19/20 -0.94%

Bestinvest MRI

  • 3 years -0.50%
  • 5 years -0.76%
  • Career -0.39%
  • 3 years 50.00%
  • 5 years 50.00%
  • Career 26.80%

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

Ian Heslop

Heslop joined the Quantitative Strategies team in June 2004 from OMAM’s Global Equities team, where he was a fund manager specializing in the global technology and biotechnology sectors. He joined the Old Mutual group from Barclays Global Investors, where he was a UK quantitative fund manager (1997-2000). Heslop has a BA in Chemistry from Oxford University (1993) and a PhD in Medicinal Chemistry from Edinburgh University (1997). He is an Associate of the UK Society of Investment Professionals.

Track record

Ian Heslop has 5.8 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.39%. During the worst period of relative performance (from September 2002 - July 2007) there was a decline of 42% relative to the index. The worst absolute loss has been 47%.

Periods of worst performance

Absolute -47.00% (December 2001 - January 2003)
Relative -42.00% (September 2002 - July 2007)

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 30 November 2019

4.6% Alibaba Group Hldg Ltd
4.5% Samsung Electronics Co
3.5% Taiwan Semiconductor Co
3% Tencent Hldgs Limited
2% Bhp Group Ltd
1.7% Infosys Ltd
1.7% Ping An Insurance(Gr)Co Of China
1.6% China Life Insurance Co
1.4% Cnooc
1.4% Link Real Estate Investment Trust Units
Source: Trustnet

Key Investor Information

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