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 )
The Company's share price and net asset value underperformed the benchmark in November. Poor stock selection in India and Taiwan contributed to the underperformance, as did the overweight exposure to Indonesia and India and our underweight in Singapore. Stock selection in Korea was strong, where holdings such as E-mart and Samsung Electronics rose over the month. This was offset by weak stock selection in India, where holdings such as Maruti Suzuki, Ambuja Cements and HDFC Bank detracted on the back of the recent demonetisation announcement. In Indonesia, our top holdings - Bank Central Asia, Astra International and Telekom Indonesia - were hurt by a weakening rupiah. The style rotation from quality growth to value cyclicals continued, and this shift negatively impacted performance in China (Tencent and VIPShop) and Taiwan (ASE and Giant).
Committee Terms Of Reference
Annual General Meeting
Reports and Accounts
- 2016 Annual Report
- 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
For contact details and more information on our trust range use the following links:
Annual General Meeting: 02 February 2017 12.00pm at 60 Victoria Embankment, London, EC4Y 0JP.