fund

Rated

This is one of our rated funds. They’re the ones our experts believe will do well for investors over the longer term. Top of the class!

Schroder ISF Asian Total Return C GBP

  • 41804.98p
    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?

  • 3.09% 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!

  • 1.00%
    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).

  • 1.30%
    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.

  • 2.10%
    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 29 October 2020, fund data last updated 18 March 2019

This fund targets capital growth and income through investment in equities in the Asia-Pacific region excluding Japan. Managers Robin Parbrook and Lee King Fuei are based in London and Singapore respectively, and work closely with Schroders' locally-based research team. They focus on quality companies and invest with a total return mindset, aiming to maximise investor return, rather than simply beating an index. To achieve this, they use derivatives to mitigate downside risk where feasible, though their use is dependent on prevailing market conditions. This fund is closely related to the Schroder Asian Total Return Investment Company.

Fund summary

Sector Specialist
Structure OFFSHORE FUND
Launched
Size £3,762m
Yield 2.10%
Charging basis Capital
Dividends paid Jan

Charges

Standard initial charge 3.09%
Initial charge via Bestinvest 0.00%
Annual management charge 1.00%
Ongoing charges figure 1.30%

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Investment process

Schroders' Asian analysts use proprietary ranking systems that combine valuation, momentum and quality measures as well as detailed quantitative and qualitative measures to score stocks 1-4. As part of their quality focus, the managers believe companies that are focused on long-term shareholder value creation should outperform peers. Stocks are carefully selected based on coverage by the analyst team, and there is a focus on absolute upside to create a long-only equity portfolio. The managers then applies country screens based on a twelve-month view, and uses derivatives such as index futures to remove country risk where the view is negative. Finally the team uses a tactical screen that assesses the overall Asian market on a three to six month view and uses derivatives such as put options to further limit downside potential if the view is negative. Investors should note that the use of these derivatives will depend on the perceived cost-effectiveness and ultimately the managers' judgement. As a result, such risk-mitigation elements will not always be in place, and the fund should be viewed primarily as a long-only equity product.

This strategy was originally set up for the managers' own money, making them highly aligned with investors. The fund benefits from strong stockpicking from the experienced management duo who are able to feed off the substantial resources of Schroders’ Asian analyst team. Their downside protection mechanisms are an attractive feature for many investors, though the fund still has significant overall market exposure and will still tend to lose money in falling markets. This strategy is soft-closed as the managers prefer to protect the level of performance achievable rather than gather assets. Holders should also note that there are similarities between this fund and other Schroder Asia Pacific mandates, so should be wary of concentration risk.

Manager research

Average monthly relative returns

  • 15/16 0.00%
  • 16/17 0.00%
  • 17/18 0.00%
  • 18/19 0.00%
  • 19/20 0.00%

Bestinvest MRI

  • 3 years 0.00%
  • 5 years 0.00%
  • Career 0.00%
  • 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.

Track record

Periods of worst performance

Absolute 0.00% ()
Relative 0.00% ()

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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Portfolio

50-60 stocks

Key Investor Information

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