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Jupiter Asian Income Class I - Accumulation (GBP)

Sell:189.88p Buy:189.88p Change: 0.05p (0.03%)
Prices as at 3 December 2021
Change: 0.05p (0.03%)
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 3 December 2021
Change: 0.05p (0.03%)
Prices as at 3 December 2021
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.

We think this fund's a great way to access Asia's exciting growth potential, along with a regular income. A focus on dividend-paying companies, mainly based in developed Asian markets like Hong Kong and Singapore, makes it quite different to other Asian funds.

Jason Pidcock, the fund's manager, has invested in Asia for income for a long time. There are few other managers that have done the same. We're encouraged by his long-term experience and track record, and optimistic about the fund's potential for both income and growth.

Our view on the sector

Investors have traditionally focused on companies in the Asia Pacific region for their growth prospects, not the income they pay. But there's an increasing demand for income, and more and more companies are starting to pay out a portion of their profits as dividends. Dividends suggest commitment and discipline on the part of companies. Paying a dividend means they're less likely to waste cash on unprofitable takeovers and expansion plans that could put the business at risk. We think Asian income funds could diversify a portfolio designed to deliver income over the long term. But they're higher-risk so a long-term approach is essential.

Performance Analysis

Jason Pidcock started investing in Asian companies in 2000 and was one of the first UK managers to run an Asian income fund from 2005. Throughout his career he has performed better than the average fund in the IA Asia Pacific ex Japan sector. Our analysis shows he has invested in companies that have usually gone on to perform well, no matter what sector they are in or country they are based. Past performance is not a guide to the future though. His focus on quality companies that tend to generate cash at a steadier pace than others means we expect the fund to hold up relatively well when markets go through a tough patch. It might not perform quite as well when markets rise quickly.

Investment Philosophy

More and more Asian companies are starting to pay dividends, and Jason Pidcock aims to take advantage of this. He thinks dividend-paying companies are stronger investments, because it's a sign these companies care about rewarding their shareholders by sharing profits with them.

Process and Portfolio Construction

Jason Pidcock looks for companies that pay an attractive income now, but also have the potential to grow dividends over the long term. He likes companies run by robust management teams, which generate plenty of cash. Ultimately this is what supports dividends over the long run.

The fund is focused on larger businesses in developed Asian markets, such as Hong Kong, Singapore and Australia. The manager has the flexibility to invest in emerging markets though, and he also invests in a fairly small number of companies, which increases risk.

question mark Manager Track Record Based on HL Quantitative Research

  • BNY Mellon Oriental GBP Inc
  • BNY Mellon Asian Income GBP Inc
  • IA Asia Pacific (Excluding Japan)
  • Jupiter Asian Income I Acc
  • IA Asia Pacific (Excluding Japan)

Fund Track Record

03/12/16 to 03/12/17 03/12/17 to 03/12/18 03/12/18 to 03/12/19 03/12/19 to 03/12/20 03/12/20 to 03/12/21
Annual return 15.75% 2.30% 9.85% 7.77% 12.16%

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

Launched in 1985 as a specialist boutique, Jupiter has grown to be one of the UK's most successful and respected investment management groups. Jupiter currently manages assets spread across a range of UK and offshore mutual funds, multi-manager products, hedge funds, institutional mandates and investment companies. Jupiter has gained a reputation for achieving outperformance across a broad variety of portfolios specialising in different markets, including UK equities, Europe and bonds.

Information about the fund

Fund manager biography

manager photo
Manager Name: Jason Pidcock
Manager start date: 2 March 2016
Manager located in: TBC

Jason Pidcock joined Jupiter in November 2015 to build an Asian Income Strategy. Jason brings over 20 years' experience investing in the Asia Pacific (ex Japan) region, 12 of which were focused on income generation as part of a total return maximising strategy. Prior to Jupiter, Jason ran the Newton Asian Income Fund from its launch in 2005. Before Newton in 2004, Jason was responsible for stock selection and asset allocation in the Asia ex-Japan region for the BP Pension Fund. Prior to that he worked at Henderson Asset Management for more than two years as an assistant fund manager.

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