St James's Place Asia Pacific L

  • 676.40p
    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.

  • 805.50p
    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!

  • 1.50%
    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).

  • 1.63%
    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.

  • 0.00%
    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 28 October 2020

The Fund aims to provide capital appreciation over the medium to long term through investment across the Far Eastern region, including Japan.

Fund summary

Sector Asia Pacific Inc Japan
Structure UNIT TRUST
Launched October, 2016
Size £0m
Yield 0.00%
Charging basis
Dividends paid 31 May

Charges

Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.24%
Annual management charge 1.50%
Ongoing charges figure 1.63%

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Investment process

This is run by the Aberdeen Asian Equities team, who we rate highly so I have no problem with this one. Our own fund we rate run by this team is Aberdeen Asia Pacific & Japan (5 stars).

Manager research

Average monthly relative returns

  • 15/16 0.15%
  • 16/17 -0.38%
  • 17/18 0.49%
  • 18/19 0.53%
  • 19/20 -0.17%

Bestinvest MRI

  • 3 years 0.28%
  • 5 years 0.12%
  • Career 0.53%
  • 3 years 94.20%
  • 5 years 87.30%
  • Career 99.70%

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

Martin Lau

Lau joined First State in April 2002 as a Senior Portfolio Manager, and is responsible for Asia Focus, Greater China and regional funds- the former now officially separated from Tulloch’s Asia Pacific Leaders fund. He was appointed Director, Greater China Equities, in October 2003 following the merger of their Edinburgh-based Asia Pacific team with the Hong Kong and Singapore Asian teams. He started his investment career at Invesco in 1995 and assumed responsibility for their Greater China fund in 1998; other responsibilities included a smaller companies fund and regional portfolios. Lau graduated from Cambridge University with a BA and Masters in Engineering, and is also a Chartered Financial Analyst. Lau is based in Hong Kong.

Track record

Martin Lau has 22.6 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.53%. During the worst period of relative performance (from January 1998 - February 2000) there was a decline of 35% relative to the index. The worst absolute loss has been 54%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is more than 99%.

Periods of worst performance

Absolute -54.00% (February 1998 - August 1998)
Relative -35.00% (January 1998 - February 2000)

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

.0492% Taiwan Semiconductor Co
.0484% Csl
.0473% Newcrest Mining
.0467% Hdfc Bank Ltd
.0355% Tencent Hldgs Ltd
.0354% Resmed Inc
.0351% Unicharm Corporation
.0306% China Mengniu Dairy Co
.0298% Aia Group Ltd
.029% Brambles Ltd
Source: Trustnet

Sector breakdown

Consumer Staples 21.00%
Financials 20.00%
Health Care 12.00%
Information Technology 12.00%
Industrials 8.00%
Communications 7.00%
Consumer Discretionary 6.00%
Materials 6.00%
Others 4.00%
Utilities 3.00%

Key Investor Information - Income

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Key Investor Information - Accumulation

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