STANDARD LIFE IGNIS PACIFIC GROWTH A

  • 0.00p
    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.

  • 0.00p
    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?

  • 5.25% 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).

  • 1.65%
    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…

Fund data last updated 20 November 2008

Long term capital returns are targeted from a portfolio of equities investing in the Far East and the Pacific Basin, but always excluding any investment in Japan. The fund is managed on a team basis and whilst the portfolio has positional risk controls, country asset allocation ranges allow considerable flexibility. Manager aim to add value by investing a portion of the fund in medium sized companies.

Fund summary

Sector Asia Pacific Excluding Japan
Structure X-UNIT TRUST
Launched
Size £19m
Yield 0.00%
Charging basis Income
Dividends paid 15/12, 15/6.

Charges

Standard initial charge 5.25%
Initial charge via Bestinvest 0.00%
Annual management charge 1.50%
Ongoing charges figure 1.65%

Allocation

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Investment process

The portfolio is kept broadly diversified at the country level, using the peer group as a benchmark. The fund is managed on a team basis and a top down approach initially sets the parameters for investing. Here investment themes, global outlook, sectors and countries are reviewed. From this, a list of potential stocks is drawn up and then investigated. Companies with strong growth features, visible earnings and strong cash flow are generally preferred. Whilst the top down perspective is important the individual company research is favoured over asset allocation. The manager and team will conduct over 200 company meetings a year and due diligence stresses balance sheets and a company's ability to generate good cash flows.

Whilst the fund's manager, Diamond Lee, and his team are well experienced, and the investment approach has been consistent the fund has not been adding a sufficient amount of value relative to the peer group. On this basis we downgraded the fund to two stars (hold rating) in 2009 and have higher conviction in our rated funds within the Asia Pacific Excluding Japan sector.

Manager research

Average monthly relative returns

  • 14/15 0.00%
  • 15/16 0.00%
  • 16/17 0.00%
  • 17/18 0.00%
  • 18/19 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

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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.

Allocation

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Portfolio

Typically, 55-75 stocks are held.

Key Investor Information - Income

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Key Investor Information - Accumulation

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