About this trust
Investment objective and policies
Aims to provide capital growth from a diversified portfolio of around 50 to 80 companies quoted on the Asian stock markets, excluding Japan. The Company also has the ability to use gearing up to a maximum level of 20% of net assets to increase potential returns to shareholders.
- Diversified exposure across Asia-Pacific markets excluding Japan.
- Access to a highly-respected investment team that uses an investment process specifically developed for Asian stock markets.
- Looks to outperform its benchmark through both stock selection and country allocation.
- Actively manages gearing to enhance potential returns.
- The value of investments and the income from them can go down and up, and you may not get back as much as you paid in. Past performance is not a guide to the future.
- For further risks associated with this trust please refer to the 'Risks' section below.
Points to consider
- Exchange rate changes may cause the value of underlying overseas investments to go down as well as up.
- Investments in emerging markets may involve a higher element of risk due to political and economic instability and underdeveloped markets and systems. Shares may also be traded less frequently than those on established markets. This means that there may be difficulty in both buying and selling shares and individual share prices may be subject to short-term price fluctuations.
- This fund may use derivatives for investment purposes or for efficient portfolio management.
- External factors may cause an entire asset class to decline in value. Prices and values of all shares or all bonds could decline at the same time.
- This trust may utlilise gearing (borrowing) which will exaggerate market movements both up and down.
- This trust may also invest in smaller companies which may increase its risk profile.
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In their words (as of 31 Aug 2016)
The Company's share price and net asset value outperformed the benchmark in August. Both stock selection and asset allocation were positive. The outperforming stocks came from a variety of sectors in China. A number of our holdings in the technology (AAC Technologies) and healthcare (Phoenix Healthcare) sectors rebounded. Our holdings in e-commerce/online retailer (JD.com) and internet (Tencent) also outperformed over the month. In addition, financials in China are improving as the market broadens out from real estate (China Vanke) to banks (China Merchants) and insurance (Ping An Insurance). The biggest detractor was the underweight in Alibaba, as the stock outperformed following strong second-quarter results and improved segment disclosure. In Korea, our position in Korea Electric Power detracted as the stock corrected due to a one-off tariff cut. Our holding in Korea Investment Holdings also detracted due to a weak set of earnings, as equity market turnover remains low in Korea.
Committee Terms Of Reference
Annual General Meeting
Reports and Accounts
- 2016 Half Year Report
- 2015 Annual Report
- 2015 Half Year Report
- 2014 Annual Report
- 2014 Half Year Report
- 2013 Annual Report
- 2013 Half Year Report
- 2012 Annual Report
- 2012 Half Year Report
- 2011 Annual Report
- 2011 Half Year Report
- 2010 Annual Report
- 2010 Half Year Report
- 2009 Annual Report
- 2009 Half Year Report
Find out more
You can get in touch by phone and email or view frequently asked questions.
Annual General Meeting: 02 February 2017 10.30am at 60 Victoria Embankment, London, EC4Y 0JP
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