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Schroder Asian Alpha Plus Class L - Accumulation (GBP)

Sell:118.20p Buy:118.20p Change: 2.90p (2.52%)
Prices as at 27 May 2022
Change: 2.90p (2.52%)
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 May 2022
Change: 2.90p (2.52%)
Prices as at 27 May 2022
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.

This fund offers a way to access long term growth potential from across the Asia Pacific region.

Matthew Dobbs will step down as the fund's manager on 31 March 2021. His long term colleague Richard Sennitt will take over as lead manager, with support from Abbas Barkhordar. It is not unusual to see someone step back from fund management after such a long career, though we are pleased Dobbs is not immediately retiring. Until late 2021, he will take on an advisory role, in which he will offer ongoing support to portfolio managers and analysts at Schroders, and continue to analyse company and market data.

Sennitt has worked closely with Dobbs since 2007 and is already alternate manager of the fund, so he knows it well. He has also previously managed other Asian funds and uses a similar fund management style to Dobbs. Barkhordar has been an analyst in Schroders' Emerging Markets Equities team since 2007.

Given Dobbs' ongoing involvement, and the quality of the team, we currently retain our conviction in the fund, though we will continue to monitor the situation.

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

Dobbs has an excellent long-term track record. The Schroder Asian Alpha Plus Fund has performed much better than the average fund in the IA Asia Pacific ex Japan sector since it launched in 2007 . The managers' style means the fund has tended to be more volatile than the average fund in the sector. Please remember past performance isn't a guide to the future.

Investment Philosophy

The managers aim to spot Asian companies with exciting potential, before they're noticed by other investors. They believe they're able to do this thanks to the in-depth analysis carried out by their well-resourced investment team.

Process and Portfolio Construction

Dobbs and Sennitt work closely with Schroders' Asian equities team to help generate research and ideas for the fund. They look for companies they think can sustain returns over the long run. They should have good cash flows, strong franchises, a quality management team, superior corporate governance standards and a strong business model that's able to defend against competition. Next they aim to forecast the earnings of each business, which could ultimately influence the direction of the share price.

Importantly, the managers will only invest if a company's shares can be bought at a price that doesn't yet reflect its longer-term earnings potential.

At the moment the fund is focused on sectors that can be more sensitive to the health of the economy, but could benefit from longer-term trends such as the growing use of technology and online consumer spending. This means the fund is currently focused on sectors such as technology, financials and consumer services.

question mark Manager Track Record Based on HL Quantitative Research

This information is currently unavailable.

Fund Track Record

27/05/17 to 27/05/18 27/05/18 to 27/05/19 27/05/19 to 27/05/20 27/05/20 to 27/05/21 27/05/21 to 27/05/22
Annual return 16.65% -6.15% 4.99% 39.69% -12.05%

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.

Information about the fund

Fund manager biography

manager photo
Manager Name: Matthew Dobbs
Manager start date: 30 November 2007
Manager located in: London

- Joined Schroders in 1981 - Investment career commenced in 1981 - Currently Head of Global and International Small Cap Equities and advisor to the Global and International Equity team. Manages Pacific Equity portfolios as well as Global and International Small Cap portfolios. Based in London - Matthew has been based in Schroders' London office since 1999. In 1996 he was seconded to Singapore as Managing Director of Schroder Investment Management in South East Asia. In 1987 Matthew took over responsibility for managing Pacific Equity portfolios in London. From 1985 he was Head of the Investment Division in Singapore and a fund manager. In1983 Matthew was seconded to New York. His investment career began in 1981 upon joining Schroders as a UK equity analyst - BA in History and Economics, Oxford University

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