First State Asia Pacific Leaders Class A Accumulation Units 
Also available as
income units
Charges and savings
| Fund manager's initial charge | 4.00% |
|---|---|
| HL saving on initial charge | 4.00% |
| HL Dealing charge | Free |
| Net initial charge | 0.00% |
| Fund manager's annual charge | 1.50% |
| HL Annual saving (loyalty bonus) | 0.15% 2 |
| Net Annual charge | 1.35% |
| Fund manager's other expenses | 0.16% |
| Performance fee | No |
| HL Platform charge | Free |
Please read the Simplified Prospectus/Key Investor Information Document in addition to the information above. Further details available in the HL guide to fund prices, savings and yields.
Other information
| Launch date | 01-12-2003 |
|---|---|
| Launch price | £1.00 |
| Sector | Asia Pacific Ex Japan |
| Fund size | £7,257 million |
| Number of holdings | 59 |
| Fund type | OEIC |
| Type of units | Accumulation |
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Before you invest please read the documents below.
HL research - our view on this fund
Angus Tulloch and Alistair Thompson are optimistic about the long-term prospects of the Asia Pacific region, but are wary of the consequences of high levels of debt in developed nations, and slowing growth in China. Against this backdrop they continue to favour high-quality businesses with robust balance sheets and strong cash flows, run by excellent management teams. We believe the fund remains a good choice for core Asian exposure.
About the Fund Manager
Angus Tulloch
Located in: Edinburgh
Angus Tulloch is Joint Managing Partner of the Asia Pacific and Global Emerging Markets equity team at First State Investments, having joined the Company in 1988. Graduating from Cambridge University in 1970 with a BA (Honours) in Economics and History, Angus worked with Chartered Accountants Whinney Murray (now Ernst & Young) for four years. He then gained substantial industry experience in corporate planning and finance roles with various national companies before joining London stockbrokers Cazenove & Coin 1980. Specialising mainly in Far Eastern markets, Angus spent three of the next eight years with this firm based in Hong Kong as a regional analyst before assuming a fund management role in its London office. In 1988 he returned to Scotland, joining Stewart Ivory (now part of First State Investments) to establish an Asia Pacific and Emerging Markets capability.
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Income details
| Historic yield | 0.75% |
|---|---|
| Income paid | Bi-annually |
| Type of payment | Dividend |
All yields are variable and not guaranteed. Information as at 31-03-2013.
Top 10 holdings
| Qbe Insurance Group | 4.94% |
|---|---|
| Cheung Kong (Holdings) | 4.85% |
| Oversea-Chinese Banking | 4.84% |
| DBS Group Holdings | 4.67% |
| Hong Kong & China Gas Co. | 4.61% |
| Taiwan Semiconductor Manufacturing | 4.41% |
| Axiata Group Bhd | 3.86% |
| CSL | 3.82% |
| Samsung Electronics Co. | 3.72% |
| Newcrest Mining | 3.52% |
Top 10 sectors
| Banks | 11.64% |
|---|---|
| Mobile Telecommunications | 9.18% |
| Technology Hardware & Equipment | 7.62% |
| Nonlife Insurance | 6.81% |
| Real Estate Investment & Services | 5.56% |
| Pharmaceuticals & Biotechnology | 5.42% |
| General Industrials | 4.99% |
| Gas, Water & Multiutilities | 4.61% |
| Cash and Equiv. | 4.48% |
| Leisure Goods | 3.96% |
Top 10 countries
| Hong Kong | 21.16% |
|---|---|
| Australia | 14.85% |
| India | 13.57% |
| South Korea | 12.26% |
| Singapore | 10.32% |
| Taiwan | 9.68% |
| United States | 4.92% |
| Malaysia | 4.89% |
| Cash and Equiv. | 4.48% |
| China | 1.96% |
Some of the data on this page and other related pages is provided to you for your information and is received from the Fund Management Company administering this fund. Hargreaves Lansdown accepts no liability for the reliability or accuracy of the data provided by third parties.
2 Annual saving (loyalty bonus) only available on holdings worth over £1,000. Loyalty bonuses in the Vantage Fund & Share Account are paid net of basic rate tax. Loyalty bonuses in the Vantage ISA and SIPP are tax-free and paid gross.
4 If you elect to receive the income from a Vantage ISA or Vantage Fund & Share Account, we will collect any dividends for you and then pay them directly into your bank account within the first 10 working days of the following month.
Prices as at 17-05-2013. Data as at 30/04/2013.
