The Fund's investment objective is to provide long term capital growth by investing in the Far East excluding Japan.
Fears over US financials continued to dominate highly volatile markets. Philippines was the best performing country, China was the worst. Utilities was the best performing sector, materials was the worst performer over the month.Higher levels of cash and defensive holdings in the Fund were positive for performance. Underweight to Korea and positive stock selection China were positive contributors. Stock selection in the consumer sector was positive for performance.
Valuations in Asia are trading significantly below the region's post-Crash average. However investors are cautious over earnings. The region is now more sensitive to risks such as inflation, commodity price volatility and policy risk. Given the uncertainty in markets, our focus is on attractive valuations, strong cash flow, and visible and defensive earnings streams.
Latest Price |
131.10p |
IMA Sector |
Asia Pacific Excluding Japan |
Currency |
British Pound |
Launch Date |
16/12/1993 |
Fund Size |
n/a |
Fund Manager |
|
ISIN |
GB0000199769 |
Dividend |
0.43p |