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Contact details

ManagerGroupLogo
3rd Floor, 30, Cannon Street, London, EC4M 6YQ
0207 332 6501 (Fax Number)
0207 332 6500 (Main Number)

enquiries@firststate.co.uk

Fund managers

* Angus Tulloch01-Dec-2003 to Present
    view
* Richard Jones» 01-Mar-2014 to Present
Alistair Thompson» 01-Dec-2003 to 28-Feb-2014


Investment objectives

The Fund aims to grow your investment. The Fund invests in shares of companies based in or having significant operations in the Asia Pacific region including Australia and New Zealand excluding Japan. The Fund invests in shares of large and mid-sized companies in the region. These companies generally have a total stock market value of at least US$1 billion.

Key Information

Fund vs sector

  1y 3y
Position 6 / 65 11 / 59
Quartile 1 1

Fund ratings

GoldMstar OBSR
Analyst
(Qualitative)
FE Crown Rating: 5 FE Crown Rating
(Quantitative)

Ratios

  1y 3y
Volatility 11.68 11.40
Alpha 6.98 3.28
Beta 0.97 0.82
Sharpe 0.84 0.71
Info Ratio 1.88 0.34
R2 0.91 0.86
Quartiles:   1  2  3  4   help with ratios
vs. Asia Pacific Excluding Japan»
performance chart
chart
    1y3y5y12m-24m24m-36m36m-48m48m-60m
ACC +7.8+30.9+56.9+6.4+14.1+1.0+18.7
  ASIA PACIFIC EXCLUDING JAPAN   +0.3+22.0+34.0+12.3+8.3-8.1+19.4
Clean share class
   Bid OfferDateYieldOCF help CiticodeSEDOL
pdf FIRST STATE ASIA PACIFIC LEADERS B GBP INC INC 156.78 (p) 17-Oct-2014 0.68 0.91% HUA8 B57S0V2
pdf FIRST STATE ASIA PACIFIC LEADERS B EUR ACC ACC 161.76 (EUX) 17-Oct-2014 0.70 0.89% JOH8 B2PDRX9
pdf FIRST STATE ASIA PACIFIC LEADERS B EUR INC INC 121.19 (EUX) 17-Oct-2014 0.70 0.89% K5FT
pdf FIRST STATE ASIA PACIFIC LEADERS B GBP ACC ACC 476.71 (p) 17-Oct-2014 0.69 0.89% QI53 3387476
Other share classes
   Bid OfferDateYieldOCF help CiticodeSEDOL
pdf FIRST STATE ASIA PACIFIC LEADERS A EUR ACC ACC 178.21 (EUX) 17-Oct-2014 0.11 1.55% BTG7 B2PDRR3
pdf FIRST STATE ASIA PACIFIC LEADERS A GBP INC INC 155.81 (p) 17-Oct-2014 0.06 1.61% HVN6 B54S372
pdf FIRST STATE ASIA PACIFIC LEADERS A EUR INC INC 166.62 (EUX) 17-Oct-2014 0.07 1.56% IFG0 B54KZJ4
pdf FIRST STATE ASIA PACIFIC LEADERS A GBP ACC ACC 447.59 (p) 17-Oct-2014 0.11 1.55% QI52 3387421

The Ongoing Charges Figure (OCF) shows the drag on performance caused by operational expenses associated with a fund.

Expenses which are represented by this figure include payments to the manager, the trustee the custodian and their representatives. The figure also includes registration, regulatory, audit and legal fees, and the costs of distribution.

Performance fees, transaction costs, interest on borrowing, costs associated with derivatives, entry and exit fees and soft commissions are not included in the OCF calculation, and should be factored in separately by the investor.

The OCF is calculated by taking the sum of these expenses incurred in the last 12 months and dividing this by the average net assets of that class for the last 12 months.

Total Expense Ratio (TER) is a formula designed to show the ongoing costs to the investor associated with a fund, including some charges which are not factored into the annual management fee. In addition the fund’s annual fee, charges such as trading fees, audit and legal fees, and operational expenses are included in the TER, which is worked out by dividing the total cost of the fund by its total assets to arrive at a percentage.

Unlike the Ongoing Charges Figure, the TER takes into account performance fees. It does not include transaction costs paid to the custodian.

Detailed fund information
Fund type flag UK Open Ended Investment Company (OEIC)
Own ISA wrapper Fund has ISA Wrapper help with ratios Fund size£7,194.5m / $11,579.6m (17-Oct-14)
Savings plan Fund has Savings Plan Minimum: £ 50.0 Monthly Launch01-Dec-2003
Pricing times12:00 Daily Dealing frequencyMonday-Friday
Dealing timesn/a
Minimum initial£ 1,000
Minimum additional£ 500
Initial charge4.00%
Annual management charge1.50%
Note to chargesn/a
Trustee / DepositaryNational Westminster Bank plc
RegistrarThe Bank Of New York Mellon (International)
Multi-Managern/a
Indexn/a
Dividend policyFeb 01, Aug 01 (Final)
Peer groups
Region Asset Class Investment Focus Sector
Asia Pacific Ex Japan Equity Mixed Asia Pacific Excluding Japan
Largest holdings, 30-Sep-2014
Holding (%) Rank Fund factsheet Equity factsheet
CSL 5.80 1 - -
OCBC 5.20 2 - -
CHEUNG KONG HOLDINGS 4.00 3 - -
BRAMBLES 3.40 4 - -
HONG KONG & CHINA GAS 3.30 5 - -
TAIWAN SEMICONDUCTOR (TSMC) 3.10 6 - -
DBS GROUP 3.10 7 - -
AXIATA GROUP 3.10 8 - -
HOUSING DEVELOPMENT FINANCE 3.10 9 - -
MAHINDRA & MAHINDRA 2.90 10 - -
Total37.00 
Regional weightings, 30-Sep-2014
Region(%)Rank 
India23.601 23.60% India
Australia17.002 17.00% Australia
Hong Kong13.403 13.40% Hong Kong
Singapore10.504 10.50% Singapore
Taiwan7.805 7.80% Taiwan
South Korea7.406 7.40% South Korea
Cash6.507 6.50% Cash
China5.908 5.90% China
Malaysia3.109 3.10% Malaysia
Others2.6010 2.60% Others
Japan2.2011 2.20% Japan
Total100.00 
Sector weightings, 30-Sep-2014
Sector(%)Rank 
Financials27.601 27.60% Financials
Information Technology13.202 13.20% Information Technology
Consumer Staples12.203 12.20% Consumer Staples
Health Care10.904 10.90% Health Care
Industrials8.905 8.90% Industrials
Cash6.506 6.50% Cash
Telecom Services6.207 6.20% Telecom Services
Consumer Discretionary5.708 5.70% Consumer Discretionary
Utilities4.109 4.10% Utilities
Materials2.8010 2.80% Materials
Energy1.9011 1.90% Energy
Total100.00 

All prices in Pence Sterling (GBX) unless otherwise specified. Price total return performance figures are calculated on a bid price to bid price basis (mid to mid for OEICs) with net income (dividends) reinvested. Performance figures are shown in Sterling unless otherwise specified.

 
 
 
 
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WessexWanderer Dec 20th, 2013 at 03:50 PM

The performance on this highly rated fund this year has been poor. The fund price is back where it started in Dec 12.

Moreover the overall risk profile has increased significantly from 81 to 104 in less than a year.

Alistair Thompson and Angus Tulloch have increased exposure to the risky and volatile Indian market from 10.8% in Dec 12 to 17.90 today. The fund has suffered from this change along with other problems in the Asia Pacific market.

I believe it will recover but I will not be increasing my holdings given the increased Indian exposure which needs to be better highlighted by First State.







Reply
Robert Towers Dec 30th, 2012 at 04:09 PM

I couldn't agree more!
I have held this fund for many years and still do.
You won't be disappointed.
Robert T.

Reply
jon snow May 03rd, 2012 at 06:43 PM

is This a good fund to invest in.
jon snow

Reply
Theo Mar 30th, 2011 at 11:32 PM

I think in the comparative tables overleaf, funds with alpha managers should have some distinguishing mark. It will make our selection of funds much simpler.

Reply
 

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Asset allocation

Indian Equities, 23.60%
23.6000% ofIndian Equities
Australian Equities, 17.00%
17.0000% ofAustralian Equities
Hong Kong Equities, 13.40%
13.4000% ofHong Kong Equities
Singapore Equities, 10.50%
10.5000% ofSingapore Equities
Taiwanese Equities, 7.80%
7.8000% ofTaiwanese Equities
South Korean Equities, 7.40%
7.4000% ofSouth Korean Equities
Money Market, 6.50%
6.5000% ofMoney Market
Chinese Equities, 5.90%
5.9000% ofChinese Equities
Malaysian Equities, 3.10%
3.1000% ofMalaysian Equities
International Equities, 2.60%
2.6000% ofInternational Equities
Japanese Equities, 2.20%
2.2000% ofJapanese Equities

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