Threadneedle Asia Z

Fund targets Asian and Australasian companies with superior growth prospects.

  • 279.04p
    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?

  • 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!

  • 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).

  • 0.91%
    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.

  • 0.80%
    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 11 June 2021

The Fund's objective is to achieve capital growth by investing at least two-thirds of its assets in shares of companies in Asia (excluding Japan), or companies that have significant operations in this region.

Fund summary

Sector Asia Pacific Excluding Japan
Structure OEIC
Launched October, 2012
Size £804m
Yield 0.80%
Charging basis Income
Dividends paid Acc units only

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 0.91%

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Investment process

The Fund aims to achieve long-term capital growth through investing primarily in the equities of companies in the Far East and Asia, excluding Japan, and the portfolio will normally include exposure to Australasia. The focus will be on companies able to demonstrate superior growth prospects. Other appropriate investments will be considered whenever attractive opportunities occur.

Manager research

Average monthly relative returns

  • 16/17 0.06%
  • 17/18 -0.03%
  • 18/19 0.11%
  • 19/20 0.32%
  • 20/21 0.00%

Bestinvest MRI

  • 3 years 0.00%
  • 5 years 0.00%
  • Career 0.33%
  • 3 years 0.00%
  • 5 years 0.00%
  • Career 99.80%

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

George Gosden

Gosden joined Insight when it took over the operating assets of the Equitable Life in 2001. He is currently a Fund Manager in the Emerging Market and Asian Equities team with responsibility for managing more than £500 million of assets for a range of retail and institutional portfolios. He originally joined Equitable Life in 1994 as Graduate Trainee in the Asian Equities team, becoming a Fund Manager in 1995. He holds a BA in Economics and an MA in Economic Development and International Trade, both from the University of Nottingham.

Track record

George Gosden has 8.6 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.33%. During the worst period of relative performance (from October 2007 - June 2008) there was a decline of 8% relative to the index. The worst absolute loss has been 41%. 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 -41.00% (March 2000 - January 2003)
Relative -8.00% (October 2007 - June 2008)

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 May 2020

8% Alibaba Group Hldg Ltd
7.6% Tencent Hldgs Limited
6.3% Taiwan Semiconductor Manufacturing
6.1% Samsung Electronics Co
3.5% Bhp Group Ltd
3.2% Aia Group Ltd
3.1% Csl Limited (Aud)
2.4% Mediatek Inc
2.3% Ping An Insurance(Gr)Co Of China
2.3% Hong Kong Exchanges & Clearing
Source: Trustnet

Sector breakdown

Information Technology 23.00%
Financials 19.00%
Consumer Discretionary 17.00%
Communications 13.00%
Materials 6.00%
Real Estate 6.00%
Health Care 4.00%
Consumer Staples 4.00%
Energy 4.00%
Industrials 2.00%

Key Investor Information

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