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SCHRODER ASIAN ALPHA PLUS Z

SCHRODER ASIAN ALPHA PLUS Z - Overview

Overview of SCHRODER ASIAN ALPHA PLUS Z Buy in ISA Buy in Investment Account

The fund aims to achieve capital growth through investment in securities in the Asia (ex Japan) region. Manager Matthew Dobbs is unconstrained by any benchmark and leverages fundamental research from a large group of analysts based across the region. The fund invests in a portfolio of 50-70 companies with a focus on those with positive cash flow, balance sheet strength and valuation support.

  • Standard Initial Charge 0.00%
  • Initial charge via Bestinvest 0.00%

Fund summary

Sector Asia Pacific Excluding Japan
Structure UNIT TRUST
Launched May, 2011
Size £832m
Yield 1.3%
Charging basis Income
Dividends paid 31 Aug

Charges

Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 0.75%
Ongoing charges figure 0.95%

Risks

Before investing make sure you have understood the risks relevant to the fund by reviewing our Risk Warnings section. Further information on the risks are contained in the fund's Key Information Investor Document, which we make available to you before you make a decision to invest, alternatively it is available on request.

Bestinvest view

No information available.

Portfolio

Allocation Proportion(%)
Equity 95
High yield bonds 0
Quality bonds 0
Property 0
Commodities 0
Hedge 0
Fund cash 5
Allocation Proportion(%)
UK 6
Europe 0
North America 0
Japan 0
Pacific 54
Emerging Markets 40
Allocation Proportion(%)
Large Caps 95
Mid Caps 4
Small Caps 1
View all performance data for this fund

Investment process

The investment process is bottom-up with top-down overlay. The manager works off the wide international network of in-house career sector analysts. The analysts use proprietary models to assess prospective earnings growth, quality of earnings, competitive position, barriers and entry and focus on shareholder value. Following extensive research the analysts generate a recommendation for each stock based on a 1 to 4 rating scale (with 1 being a strong buy). The primary source of stock ideas will focus on strong buys although other stocks will not be disregarded. The manager also uses his extensive network of contacts alongside selective use of sell-side research. The manager then uses a top-down overlay to determine the country allocation. This overlay consists of a combination of proprietary models, independent macro research and a central Schroder economic team.

Live feed

Bid price(inc) 94.65p
Accum units 102.40p
Fund commentary 26/10/15
Fund data updated on 23/05/19

Asset allocation

Allocation Proportion(%)
Equity 95
High yield bonds 0
Quality bonds 0
Property 0
Commodities 0
Hedge 0
Fund cash 5

Equity Geographic

Allocation Proportion(%)
UK 6
Europe 0
North America 0
Japan 0
Pacific 54
Emerging Markets 40

Equity Capitalisation

Allocation Propor
tion(%)
Large Caps 95
Mid Caps 4
Small Caps 1

Top 10 holdings

As at: 28/02/2019
6.3358%Samsung Electronics Co
6.1312%Alibaba Group Hldg Ltd
5.8882%Taiwan Semiconductor Manufacturing
5.1573%Aia Group Ltd
3.9631%Tencent Hldgs Limited
3.3616%Swire Pacific
2.6784%Midea Group Co Ltd
2.6516%Galaxy Entertainment Group
2.4879%Hdfc Bank Ltd
2.4803%China Pacific Insurance Grp Co Ltd
Source: Trustnet

Sector breakdown

Financials 22%
Information Technology 20%
Consumer Discretionary 18%
Communications 9%
Industrials 8%
Real Estate 7%
Energy 4%
Materials 4%
Money Market 3%
Others 2%

Portfolio details

The portfolio consist of between 50-70 stocks. The cash level target is <5%.

Constraints

Stocks are restricted to +/- 10% at time of purchase.
The portfolio usually has very little commonality with the benchmark and so performance can be expected to differ markedly on occasions.

Average monthly relative returns Bestinvest MRI
14/15 15/16 16/17 17/18 18/19   3 years 5 years Career 3 years 5 years Career
0.18%   0.02%
Performance figures are based on the average of monthly percentage returns relative to the benchmark index.

Matthew Dobbs

Manager. Born in 1959, Dobbs graduated in History & Economics from Oxford. His investment career commenced in 1981 when he joined Schroders as a UK Investment Analyst. He was seconded to New York in 1983 and from 1985 he was Head of the Investment Division in Singapore. He returned to London in 1987 with responsibility for specialist Far Eastern equity portfolios. In 1996 Dobbs returned to Singapore as Global Regional Managing Director of SIM in South East Asia. Since 1999 he has managed Pacific Basin equities and is also responsible for multi-regional small cap portfolios.

Track record

The track record of Matthew Dobbs in managing mutual funds in this sector is still too short for us to draw any meaningful conclusions and so our assessment is based largely on qualitative aspects.

Periods of worst performance
Absolute -50% (June 2001 - January 2003)
Relative -11% (June 2001 - July 2001)

Sector record since June 2001 (2 yrs)




About the MRI

Our unique indicator: the Bestinvest Manager Record Index (MRI) measures the likelihood that the fund manager is adding value through their decisions. It is based on their performance record over the course of their career, adjusted for the amount of risk taken. MRI is an important contributor to our fund rating system but it is also vital to take account of qualitative factors. It is also very important to select funds to form a cohesive portfolio with an appropriate overall risk level.

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