Fund Objective

The fund aims to provide long-term capital growth from a portfolio primarily comprised of equities listed on the stock exchanges throughout the Asian region, excluding Japan.

View on Past Performance

Over the 12-month period, the fund underperformed its benchmark index. The relative weakness of the portfolioÂ’s overweight positions in the materials sector detracted from its returns. Its overweight exposure to the technology-hardware/equipment sector also proved unhelpful as the industry was hurt by a widespread downgrading of broker ratings in the final quarter.

Future Expectations

Over the coming months, investors are likely to focus on company fundamentals, as stock valuations are now beginning to look more attractive following recent bouts of profit-taking. However, investor confidence could swiftly evaporate should corporate results prove disappointing.

Fund Details