Horizon Asian Growth Fund

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


USD 141.61
As of 2020/10/21

1-Day Change
USD 1.16 (0.83%)
As of 2020/10/21

Key investment risks:
• The Fund invests at least two-thirds in equity or equity-related instruments in Asian markets, excluding Japan. The Fund may invest in China A-Shares, directly through eligible exchanges or indirectly through derivative instruments.
• Investments involve varying degree of investment risks (e.g. liquidity, market, economic, political, regulatory,


taxation, financial, interest rate, hedging and currency risks). In extreme market conditions, you may lose your entire investment.
• Investments in financial derivatives instruments (“FDIs”) (such as futures, options, forwards and warrants) involve specific risks (e.g. counterparty, liquidity, leverage, volatility, valuation and over-the-counter transaction risk). The Fund may use FDIs to reduce risk and to manage the Fund more efficiently.
• The Fund's investments are concentrated in Asia Pacific (excluding Japan) and may subject to higher concentration risk.
• The Fund may invest in emerging markets which may involve increased risks. These investments may be less liquid and more volatile.
• The Fund may invest in China securities i.e. China A-Shares and China A-Shares access products, and may be exposed to currency, political, taxation and market risks.
• The investment decision is yours. If you are in any doubt about the contents of this document, you should seek independent professional financial advice.
• Investors should not only base on this document alone to make investment decisions and should read the offering documents including the risk factors for further details.




The Fund aims to provide capital growth over the long term.


The Fund invests at least two-thirds of its assets in a concentrated portfolio of shares (equities) and equity-related securities of companies, of any size, in any industry, in the Asia Pacific region (including the Indian subcontinent and Australasia, but excluding Japan).



  • 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 fundemental stock selection


Andrew Gillan

Head of Asia ex Japan Equities | Portfolio Manager

Industry since 2000. Joined Firm in 2014.

Mervyn Koh, CFA

Portfolio Manager

Industry since 2006. Joined Firm in 2015.


Discrete Performance (%)
As of 2020/09/30
A2 Acc USD
Quarter End
As of 2020/09/30
Sep-2019 - Sep-2020 Sep-2018 - Sep-2019 Sep-2017 - Sep-2018 Sep-2016 - Sep-2017 Sep-2015 - Sep-2016
13.79% -1.06% 2.36% 19.43% 18.23%
Cumulative Performance (%)
As of 2020/09/30
A2 Acc USD (Net)
  1MO 3MO 6MO YTD 1YR 3YR 5YR Since Inception
A2 Acc USD -0.86% 12.55% 31.96% 4.99% 13.79% 15.23% 62.70% 2,581.58%
ANNUAL FEES & EXPENSES (As of Fiscal Year End, 2019/12/31)
Initial Charge 5.00%
Annual Charge 1.20%
Ongoing Charge
(As of 2019/12/31)
Performance Fee 10% of the 'Relevant Amount'


Top Holdings (As of 2020/09/30)
% of Fund
Alibaba Group 10.05
Tencent 8.68
Taiwan Semiconductor Manufacturing 7.82
Samsung Electronics 6.71
AIA Group 4.08
HDFC Bank 3.56
Housing Development Finance 3.16
New Oriental Education & Technology Group 3.11
Midea Group 3.06
Uni-President Enterprises 2.87