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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.
|Sector||Asia Pacific Excluding Japan|
|Dividends paid||31 Aug|
|Standard initial charge||0.00%|
|Initial charge via Bestinvest||0.00%|
|Additional bid/offer spread||0.00%|
|Annual management charge||0.68%|
|Ongoing charges figure||0.88%|
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.
Matthew Dobbs has a great deal of experience of investing in Asia. He is supported by an large team of analysts based across the region and other managers based locally. He has a solid grasp of every stock in his portfolio, as well as the aggregate state of the fund. Dobbs aims to provide high octane performance and therefore this portfolio should be seen as a more aggressive way to get exposure to the Asia Pacific region.
|High yield bonds||0|
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.
|Fund data updated on||18/02/19|
|High yield bonds||0|
As at: 31/10/2018
6.6419%Taiwan Semiconductor Manufacturing
5.9807%Tencent Hldgs Limited
5.501%Samsung Electronics Co
5.0684%Aia Group Ltd
3.8825%Alibaba Group Hldg Ltd
3.0636%China Pacific Insurance Grp Co Ltd
2.5631%Oversea-Chinese Banking Corp
2.5243%Hdfc Bank Ltd
2.4142%Bangkok Bank Public Co
The portfolio consist of between 50-70 stocks. The cash level target is <5%.
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|
|Performance figures are based on the average of monthly percentage returns relative to the benchmark index.|
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.
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)|
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.