fund
M&G Asian I
Invests in 11 major Pacific Basin economies, excluding Japan but including Australasia.
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1811.09p
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.
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2135.16p
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?
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0.00%
Initial chargeSome 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!
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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).
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0.98%
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.
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2.30%
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…
The Fund’s objective is long term capital growth. It invests wholly or mainly in a range of Asian (including Australasian) securities. When not wholly invested as above, the Fund may also invest in global securities with the exception of Japanese securities.
Fund summary
Sector | Asia Pacific Excluding Japan |
Structure | OEIC |
Launched | August, 2012 |
Size | £166m |
Yield | 2.30% |
Charging basis | |
Dividends paid | 31 Oct |
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 | 0.98% |
Allocation
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Investment process
The Fund’s sole objective is long term capital growth. It invests wholly or mainly in a range of Asian (including Australasian) securities. When not wholly invested as above, the Fund may invest in global securities with the exception of Japanese securities
Manager research
Average monthly relative returns
- 16/17 0.00%
- 17/18 0.00%
- 18/19 0.00%
- 19/20 0.00%
- 20/21 -0.82%
Bestinvest MRI
- 3 years 0.00%
- 5 years 0.00%
- Career -0.87%
- 3 years 0.00%
- 5 years 0.00%
- Career 0.00%
Performance figures are based on the average of monthly percentage returns relative to the benchmark index.
Alastair Bruce
Track record
The track record of Alastair Bruce 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
Absolute | -22.00% (December 2019 - March 2020) |
Relative | -13.00% (November 2019 - July 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.
Allocation
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Top 10 holdings
Data accurate as at 31 July 2020
7.3% | Alibaba Group Hldg Ltd |
6.2% | Tencent Hldgs Limited |
6.1% | Taiwan Semiconductor Co |
6% | Samsung Electronics Co |
2.6% | Aia Group Ltd |
2.5% | Dbs Group Hldgs Ltd |
2.4% | Netlink Trust |
2.3% | Cosco Shipping Ports Ltd |
2.2% | Reliance Industries |
2.2% | China Resources Power Hldgs Co |
Source: Trustnet |
Sector breakdown
Financials | 24.00% |
Information Technology | 21.00% |
Communications | 12.00% |
Consumer Discretionary | 12.00% |
Industrials | 8.00% |
Energy | 6.00% |
Materials | 5.00% |
Consumer Staples | 4.00% |
Utilities | 3.00% |
Real Estate | 2.00% |
Portfolio