For financial professionals in the UK

Asia Pacific Capital Growth Fund

An actively managed Asian equities fund, driven by fundamental research, that blends quality and growth opportunities

ISIN
GB0007681603

NAV
GBP 1,288.00p
As of 28/11/2023

1-Day Change
GBP 8.00p (0.63%)
As of 28/11/2023

Overview

INVESTMENT OBJECTIVE

The Fund aims to provide capital growth over the long term.
Performance target: To outperform the MSCI All Countries Asia Pacific ex Japan Index by at least 2% per annum, before the deduction of charges, over any 5 year period.

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The Fund invests at least 80% of its assets in a concentrated portfolio of shares (also known as equities) of companies, of any size, in any industry, in the Asia Pacific region (including the Indian subcontinent and Australasia, but excluding Japan). Companies will be incorporated, headquartered, listed on an exchange in, or deriving significant revenue from, this region. The portfolio may be concentrated in terms of its number of holdings and/or the size of its largest holdings.
The Fund may also hold cash.
The investment manager may use derivatives (complex financial instruments) to reduce risk or to manage the Fund more efficiently.
The Fund is actively managed with reference to the MSCI All Countries Asia Pacific ex Japan Index, which is broadly representative of the companies in which it may invest, as this forms the basis of the Fund's performance target. The investment manager has discretion to choose investments for the Fund with weightings different to the index or not in the index.
As an additional means of assessing the performance of the Fund, the IA Asia Pacific ex Japan sector average, which is based on a peer group of broadly similar funds, may also provide a useful comparator.

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The value of an investment and the income from it can fall as well as rise as a result of market and currency fluctuations and you may not get back the amount originally invested.
Potential investors must read the prospectus, and where relevant, the key investor information document before investing.
This website is a Marketing Communication and does not qualify as an investment recommendation.

ABOUT THIS FUND

  • The Asia Growth Fund seeks to identify quality and capture growth in the dynamic and fast-growing Asian region
  • Provides a high-conviction, active stock-picking portfolio without significant constraints at sector levels
  • Seeks to generate competitive returns through different market conditions with an investment process driven by fundamental stock selection
Past performance does not predict future returns. 
 

PORTFOLIO MANAGEMENT

Daniel J. Graña, CFA

Portfolio Manager

Industry since 1995. Joined Firm in 2019.

Matthew Culley

Portfolio Manager | Research Analyst

Industry since 2008. Joined Firm in 2019.

Performance

Past performance does not predict future returns. All performance data includes both income and capital gains or losses and reflects the deduction of any ongoing charges or other fund expenses.
Discrete Performance (%)
As of 30/09/2023
I Acc (Net) MSCI AC Asia Pacific ex Japan TR IA Asia Pacific ex Japan
 
Quarter End
As of 30/09/2023
Sep-2022 - Sep-2023 Sep-2021 - Sep-2022 Sep-2020 - Sep-2021 Sep-2019 - Sep-2020 Sep-2018 - Sep-2019
I Acc (Net) -2.45 -14.27 3.89 11.16 5.61
MSCI AC Asia Pacific ex Japan TR 2.39 -11.47 12.08 8.55 4.24
IA Asia Pacific ex Japan 0.25 -10.48 15.41 8.10 5.84

Index Description

The MSCI All Countries Asia-Pacific (Ex Japan) Index is a measure of the combined performance of large and medium sized companies across developed and emerging stock markets across the Asia-Pacific region but excluding Japan. It forms the basis of the Fund's performance target and provides a useful comparison against which the Fund's performance can be assessed over time.

Peer Group Description

The Investment Association (IA) groups funds with similar geographic and/or investment remit into sectors. The Fund's ranking within the sector (as calculated by a number of data providers) can be a useful performance comparison against other funds with similar aims.

Cumulative & Annualised Performance (%)
As of 31/10/2023
I Acc (Net) MSCI AC Asia Pacific ex Japan TR IA Asia Pacific ex Japan
  
  Cumulative Annualised
1MO YTD 1YR 3YR 5YR 10YR Since Inception
28/09/1990
I Acc (Net) -1.73 -4.51 5.66 -6.17 2.50 4.96 9.81
MSCI AC Asia Pacific ex Japan TR -3.51 -5.09 6.37 -1.44 3.91 5.71 8.55
IA Asia Pacific ex Japan -3.52 -6.77 4.27 -0.58 4.58 5.87 8.76
 
  Annualised
3YR 5YR 10YR Since Inception
28/09/1990
I Acc (Gross) - 3.42 5.91 10.81
MSCI AC Asia Pacific ex Japan TR + 2.00% - 5.98 7.82 10.72

Index Description

The MSCI All Countries Asia-Pacific (Ex Japan) Index is a measure of the combined performance of large and medium sized companies across developed and emerging stock markets across the Asia-Pacific region but excluding Japan. It forms the basis of the Fund's performance target and provides a useful comparison against which the Fund's performance can be assessed over time.

Peer Group Description

The Investment Association (IA) groups funds with similar geographic and/or investment remit into sectors. The Fund's ranking within the sector (as calculated by a number of data providers) can be a useful performance comparison against other funds with similar aims.

Calendar Year Returns (%)
As of 30/09/2023
I Acc (Net) MSCI AC Asia Pacific ex Japan TR IA Asia Pacific ex Japan
2022 2021 2020 2019 2018
I Acc (Net) -13.20 -8.94 23.77 17.68 -9.19
MSCI AC Asia Pacific ex Japan TR -6.75 -1.75 18.96 14.87 -8.32
IA Asia Pacific ex Japan -6.78 1.48 19.95 15.86 -9.81

Index Description

The MSCI All Countries Asia-Pacific (Ex Japan) Index is a measure of the combined performance of large and medium sized companies across developed and emerging stock markets across the Asia-Pacific region but excluding Japan. It forms the basis of the Fund's performance target and provides a useful comparison against which the Fund's performance can be assessed over time.

Peer Group Description

The Investment Association (IA) groups funds with similar geographic and/or investment remit into sectors. The Fund's ranking within the sector (as calculated by a number of data providers) can be a useful performance comparison against other funds with similar aims.

Calendar Year Returns (%)
Year I Acc (Net) Index
2022 -13.20 -6.75
2021 -8.94 -1.75
2020 23.77 18.96
2019 17.68 14.87
2018 -9.19 -8.32
2017 28.38 25.43
2016 25.61 27.70
2015 -3.03 -3.85
2014 7.81 9.51
2013 3.57 1.73
2012 19.52 17.24
2011 -20.87 -14.75
2010 23.81 22.14
2009 61.84 54.61
2008 -33.17 -33.03
2007 30.16 34.88
2006 14.05 16.84
2005 32.80 35.33
2004 -0.59 14.71
2003 44.59 33.70
2002 -17.40 -14.21
2001 -7.78 0.18
2000 -4.04 -24.44
1999 77.52 54.68
1998 5.67 -5.47
1997 -25.66 -31.57
1996 10.24 1.28
1995 3.18 6.90
1994 -17.85 -17.05
1993 104.12 89.28
1992 42.13 35.80
1991 24.06 36.57
1990 from 28/09/1990 3.17 -4.47
FEE INFORMATION
Initial Charge 0.00%
Annual Charge 0.75%
Ongoing Charge
(As of 30/04/2023)
0.89%

Portfolio

Top Holdings (As of 31/10/2023)
% OF FUND
Taiwan Semiconductor Manufacturing 9.31
Samsung Electronics 8.76
AIA Group 4.49
HDFC Bank 3.57
Tencent 2.98
Santos 2.81
BHP Group 2.66
National Australia Bank 2.63
Bharti Airtel 2.54
CSL 2.42

Documents

  • ​The value of the Funds and the income from them is not guaranteed and may fall as well as rise. You may get back less than you originally invested.
  • ​Past performance does not predict future returns.
  • Third party data is believed to be reliable, but its completeness and accuracy is not guaranteed.
  • Shares/Units can lose value rapidly, and typically involve higher risks than bonds or money market instruments. The value of your investment may fall as a result.
  • Emerging markets expose the Fund to higher volatility and greater risk of loss than developed markets; they are susceptible to adverse political and economic events, and may be less well regulated with less robust custody and settlement procedures.
  • If a Fund has a high exposure to a particular country or geographical region it carries a higher level of risk than a Fund which is more broadly diversified.
  • This Fund may have a particularly concentrated portfolio relative to its investment universe or other funds in its sector. An adverse event impacting even a small number of holdings could create significant volatility or losses for the Fund.
  • The Fund may use derivatives with the aim of reducing risk or managing the portfolio more efficiently. However this introduces other risks, in particular, that a derivative counterparty may not meet its contractual obligations.
  • If the Fund holds assets in currencies other than the base currency of the Fund, or you invest in a share/unit class of a different currency to the Fund (unless hedged, i.e. mitigated by taking an offsetting position in a related security), the value of your investment may be impacted by changes in exchange rates.
  • Securities within the Fund could become hard to value or to sell at a desired time and price, especially in extreme market conditions when asset prices may be falling, increasing the risk of investment losses.
  • The Fund could lose money if a counterparty with which the Fund trades becomes unwilling or unable to meet its obligations, or as a result of failure or delay in operational processes or the failure of a third party provider.
  • Funds incur costs as a necessary part of buying and selling the underlying investments, these are otherwise known as portfolio transaction costs, and include charges such as broker commission and Stamp Duty.
  • Before investing in any of our funds you should satisfy yourself as to the suitability and the risks involved.
  • Summary of Investor rights
  • Some documents are available in alternative formats. Click here for information on how to request them.