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ASI Asia Pacific Equity Class I - Income (GBP)

Sell:164.54p Buy:164.54p Change: 0.02p (0.01%)
Prices as at 27 October 2020
Change: 0.02p (0.01%)
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account
Prices as at 27 October 2020
Change: 0.02p (0.01%)
Prices as at 27 October 2020
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.

Our view on this Fund

This fund is on the Wealth Shortlist of funds our analysts believe have the potential to outperform their peers over the long term. However, this is not a recommendation to buy.

Aberdeen is home to one of the most experienced teams investing in Asian companies. They've invested in the region for more than three decades. We think experience counts for a lot.

The team's also used the same investment philosophy over this time. They won't get it right every time, but it's a process that's worked well over the long run. They've previously shown they're able to pick and invest in some of Asia's best-performing companies. Combined with their depth of experience, we think it puts the fund in a good place to deliver for investors over the long term. It's one of our favoured choices for broad exposure to Asian markets.

Our view on the sector

Asia is home to some of the most dynamic economies in the world and has the potential to grow strongly over the long term. Funds in this sector invest in more mature economies like Korea, Taiwan, Hong Kong and Singapore together with emerging economies such as the Philippines and Indonesia. Some also invest in other developed economies such as Australia. The region is home to some of the biggest economies in the world, like China and India, and a growing middle class means they're less reliant on exporting to the West. Domestic consumption and the growing use of technology could help drive the next phase of their growth. We think Asia is home to plenty of good investment opportunities but it's a higher-risk area to invest so a long-term approach is needed.

Performance Analysis

Aberdeen's Asia Pacific Equity team have managed this fund since launch. Hugh Young has been a key part of the team throughout, and he still has an input into how the fund's managed today.

The fund's performed better than the broad Asian stock market over this time, though it's had a tougher time in recent years. A lack of investments in large Chinese technology companies held back performance from 2017-18, for example. We're positive about the fund's long-term prospects though. Over the long run we think the focus on quality companies could help the fund hold up a bit better than others when markets fall. It might miss out on gains in some of the more racy areas though.

Investment Philosophy

The team look for easy-to-understand businesses that they're comfortable to invest in for the long term. They'll only invest in a company when they can buy their shares at what they think is a price below their true worth.

Process and Portfolio Construction

Members of the team are based throughout Asia. This means they're closer to what's going on in different countries, and can regularly meet the management teams of companies. They're focused on finding companies in good financial health, run by robust and trustworthy management teams. They sometimes invest in out-of-favour companies because they can often be bought at a more attractive share price.

They mainly invest in larger companies. A lot of them are consumer-related and could benefit from rising wealth and demand for products and services from domestic consumers.

question mark Manager Track Record Based on HL Quantitative Research

  • ASI Asia Pacific Equity A Acc
  • IA Asia Pacific (Excluding Japan)

Fund Track Record

27/10/15 to 27/10/16 27/10/16 to 27/10/17 27/10/17 to 27/10/18 27/10/18 to 27/10/19 27/10/19 to 27/10/20
Annual return 26.92% 15.74% -10.76% 19.06% 15.00%

Please remember past performance is not a guide to future returns. Where no data is shown, figures are not available. This information is provided to help you choose your own investments, remember they can fall as well as rise in value so you may not get back the original amount invested.

Fund Management Group Comment

Aberdeen Asset Management is a global investment management group, managing assets for both institutional and retail clients from offices around the world. Aberdeen is best known for its Global Emerging Markets and Asian funds.

Investors gain access to Aberdeen's expertise through a range of assets including shares, fixed income and property. Aberdeen's investment teams are based in the markets or regions in which they invest giving them direct access to company management and allowing them to use local knowledge to the best of their abilities when it comes to investing.

Information about the fund

Fund manager biography

Manager Name: Asia Pacific Equity Team
Manager start date: 1 April 1987
Manager located in: Singapore

Asia Pacific Equity Team

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Benchmark data provided subject to this disclaimer.
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account