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Schroder ISF Asian Total Return C GBP

Bestinvest LogoAn Asian/Australasia equity fund that aims to mitigate some downside risk through derivatives based on a top-down view.

PRICE (INC)

39175.53p

PRICE (ACC)

-

INITIAL CHARGE

3.09%

ANNUAL MANAGEMENT CHARGE

1%

ONGOING CHARGE

1.3%

YIELD

2.6%

1 YEAR
-7.56%

Prices as at 24 Jun 2022.

Fund commentary last updated 19 Oct 2021.

Past performance is not an indication of future performance.

Capital at risk.

The fund aims to provide capital growth and income more than the MSCI AC Asia Pacific ex-Japan Index over a three-to-five-year period by investing in equities of Asia Pacific companies. Managers King Fuei Lee and Robin Parbrook look for mainly large and mega-cap companies which have consistently created shareholder value, have high quality earnings and strong corporate governance. Their holdings include ‘Global Leaders’ such as Samsung Electronics, tech groups powering the ‘New’ economy including China’s Tencent and Indian banks benefiting from domestic demand including HDFC. The managers take a bottom-up investment approach, whilst using financial derivatives such as futures to mitigate losses in falling markets.

Fund summary

SectorSpecialist
StructureOFFSHORE FUND
LaunchedJuly 2008
Size£4,370m
Yield2.6%
Charging BasisCapital
Dividends paidJan

Charges

Standard Initial Charge3.09%
Initial Charge Via BestInvest0%
Additional Bid/Offer Spread0%
Annual Management Charge1%
Ongoing Charges Figure1.3%
Equity
Equity
88%
88%
High Yield Bonds
High Yield Bonds
0%
0%
Quality Bonds
Quality Bonds
0%
0%
Property
Property
0%
0%
Commodities
Commodities
0%
0%
Hedge
Hedge
0%
0%
Fund Cash
Fund Cash
12%
12%

Investment Process

The managers believe that over the long-term it is a company’s fundamentals which drive share prices. They have a huge investment universe taking in companies listed on Asian ex-Japan stock exchanges as well as Australia and New Zealand. Their selection process begins with quantitative screens using valuation, momentum and quality ratios such as dividend and cash flow yields. They also consider Schroder analyst grades and look for “shareholder value creators” - companies where the return on invested capital is greater than average capital cost. On a qualitative basis the managers favour companies with high quality earnings, strong corporate governance and return profiles gained from high barriers to entry and competitive advantages. When they have identified attractive stocks, they consider whether they should be hedged or not to protect against the risk of adverse price movements. This decision is based on long-term fundamentals including dividend and earnings yield as well as country-specific risks. If a stock has upside to fair value and the country model is positive, then it will get a bigger weighting in the fund. The maximum is 10% for single holding in the portfolio which typically comprises between 50 and 60 stocks.

The information on this website is not intended to be advice or a recommendation to buy, sell or hold any investment mentioned. The value of investments and the income from them can go down as well as up and you may not get back the amount invested.

Past performance is not a guide to future performance. View full risk warning