Fact sheet: Jupiter Asian Income

Rated Fund Information
Rated Funds Group
?Money Observer has arranged all its Rated Funds into easy to understand Rated Fund Groups, comprising funds and investment trusts.
ASIA EQUITIES
Sector
UT Asia Pacific Excluding Japan
Fund type
Unit Trust
Primary aim
No data available.
Why Money Observer Rates Jupiter Asian Income

New Rated Fund. A new launch for a trusted pair of hands

Although this fund was only launched in March 2016, Jason Pidcock, its manager, has a long and successful track record behind him managing a similar fund for another company, which is the reason we rate this new fund.

Pidcock's previous fund won a Money Observer Best Asia Pacific ex Japan award for four consecutive years up to and including 2014.

Another attraction is that it is one of the few funds investing in the region with an income, as well as a capital growth, objective, which give income investors extra diversification. Its yield is 3.9 per cent. It distributes income quarterly.

Pidcock aims to invest in growing companies that can grow their dividends. These businesses can be in any sector in any of around 10 markets across the Asia Pacific region, including markets in Australia and New Zealand. Pidcock describes the fund as a high-conviction, 'best ideas' fund.

The portfolio typically consists of around 40 to 50 large companies from across the region. He aims to invest long term, so the turnover in the fund will be low. Infrastructure - encompassing areas such as utilities, ports and toll roads - is one areas Pidcock is keen to invest in.

Pidcock takes into account both the general economic and political situation as well as company specific information when deciding where to invest. He likes to get to know the companies he invests in. He looks for sustainable and scalable business models with good management teams.

3 Year Performance
Fund Performance-
Average of Rated Funds Group47.5%
Sector Performance42.6%
Fund information
Fund name
Jupiter Asian Income I Acc
Fund manager company
Jupiter Unit Trust Mgrs Ltd
Fund type
Unit Trust
Fund manager
  • Jason Pidcocksince 15/02/2016
Accolades
Fund objective
The objective of the Fund is to achieve income and capital growth over the long term by investing primarily in equities and similar securities of companies listed or located in the Asia Pacific region (including Australia and New Zealand) excluding Japan. The Fund may also invest in exchange traded funds, investment trusts and other closed or open-ended funds, as wellas cash and near cash, money market instruments and deposits. The Fund may also enter into derivative transactions but only for the purposes of efficient management of the portfolio and not for investment.
Benchmark
  • FTSE AW Asia Pacific ex-Japan
Investment style
None
Investment method
Shares
Quick stats
1 Year return
2.9%
1 Year rank in sector
54/59
Sector
UT Asia Pacific Excluding Japan
Yield
4.1%
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
0.98%
Fund size
£576m (£438m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
100
Top in this sector
Fund name1 Year
Baillie Gifford Pacific31.8%
Baring Eastern Trust30.4%
JPM Asia Growth29.7%
Smith & Williamson Oriental Gth25.4%
Investec Asia Ex Japan24.6%
...more in UT Asia Pacific Excluding Japan

Performance snapshot

Holdings snapshot

  • Australia26%
    Hong Kong21.4%
    Singapore14.6%
    Taiwan14.4%
    Korea7.9%
  • Financials32.8%
    Industrials19.2%
    Technology13.3%
    Consumer Services8.3%
    Consumer Goods8.2%
  • Australian Equities26%
    Hong Kong Equities21.4%
    Singapore Equities14.6%
    Taiwanese Equities14.4%
    South Korean Equities7.9%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-4%-5.2%-4%2.9%--
Sector-3.9%-1.9%2.5%12.3%42.6%54.9%
Rank within sector29 / 6059 / 6058 / 5954 / 59--
Quartile2nd4th4th4th
Calendar performance
 YTD - 20182017201620152014
Fund-4.8%15.6%---
Sector-2.7%24.4%27.3%-3.8%9.2%
Rank within sector53 / 6052 / 59---
Quartile4th4th
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
-
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
-
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
-
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
-
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
-
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
-
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
-
Price movement
52 week high145.91
52 week low130.26
Current bid price-
Current offer price-
Current mid price135.71
Region
1Australia26.02%
2Hong Kong21.43%
3Singapore14.57%
4Taiwan14.39%
5Korea7.9%
6China7.18%
7Malaysia3.68%
8Money Market2.47%
9New Zealand2.35%
Industry sector
1Financials32.82%
2Industrials19.23%
3Technology13.32%
4Consumer Services8.32%
5Consumer Goods8.16%
6Telecommunications7.71%
7Utilities4.68%
8Money Market2.47%
9Health Care1.7%
Asset type
1Australian Equities26.02%
2Hong Kong Equities21.43%
3Singapore Equities14.57%
4Taiwanese Equities14.39%
5South Korean Equities7.9%
6Chinese Equities7.18%
7Malaysian Equities3.68%
8Money Market2.47%
9New Zealand Equities2.35%
Individual holdings
1SANDS CHINA LTD6.58%
2TAIWAN SEMICONDUCTOR CO6.44%
3HON HAI PRECISION INDUSTRY5.43%
4SAMSUNG ELECTRONICS CO5.34%
5CHINA MOBILE LTD4.4%
6TENCENT HLDGS LIMITED4.36%
7AIA GROUP LTD4.2%
8MACQUARIE GROUP LTD4.1%
9SINGAPORE TELECOMMUNICATIONS3.31%
Management
Fund manager group
Jupiter
Fund manager company
Jupiter Unit Trust Mgrs Ltd
Fund type
Unit Trust
Fund objective
The objective of the Fund is to achieve income and capital growth over the long term by investing primarily in equities and similar securities of companies listed or located in the Asia Pacific region (including Australia and New Zealand) excluding Japan. The Fund may also invest in exchange traded funds, investment trusts and other closed or open-ended funds, as wellas cash and near cash, money market instruments and deposits. The Fund may also enter into derivative transactions but only for the purposes of efficient management of the portfolio and not for investment.
Benchmark
  • FTSE AW Asia Pacific ex-Japan
Investment style
None
Investment method
Shares
Fund manager
NameSinceBiography
Jason Pidcock15/02/2016Jason joined Jupiter in 2015 and is currently Head of Strategy, Asian Income as well as the manager of the Jupiter Asian Income Fund (Unit Trust) and the Jupiter Asia Pacific Income fund (SICAV). Before joining Jupiter, Jason was at Newton (joining in 2004) where he ran an Asian equity income fund from 2005 until his departure in 2015. Prior to that, Jason was responsible for stock selection and asset allocation in the Asia ex-Japan region for the BP Pension Fund. Jason began investing in the Asia Pacific (excluding Japan) region in 1993.
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
Jupiter Asian Income Acc
Initial charge-
Annual charge1.5%
Min single investment£500
Min regular saving£50
Available in ISANo
Ongoing charge (OCF)1.8%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price126.99
CurrencyGBX
Price updated15/02/2018
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMR4N
Jupiter Asian Income I Acc
Initial charge-
Annual charge0.75%
Min single investment£5,000,000
Min regular saving£50,000
Available in ISANo
Ongoing charge (OCF)0.98%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price135.71
CurrencyGBX
Price updated15/02/2018
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeMR4P
Jupiter Asian Income I Inc
Initial charge-
Annual charge0.75%
Min single investment£5,000,000
Min regular saving£250,000
Available in ISANo
Ongoing charge (OCF)0.98%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price126.3
CurrencyGBX
Price updated15/02/2018
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeMR4O
Jupiter Asian Income Inc
Initial charge-
Annual charge1.5%
Min single investment£500
Min regular saving£50
Available in ISANo
Ongoing charge (OCF)1.8%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price118.2
CurrencyGBX
Price updated15/02/2018
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeMR4M
Jupiter Asian Income Z Acc
Initial charge-
Annual charge0.65%
Min single investment£125,000,000
Min regular saving£250,000
Available in ISANo
Ongoing charge (OCF)0.88%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price135.96
CurrencyGBX
Price updated15/02/2018
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeMR4R
Jupiter Asian Income Z Inc
Initial charge-
Annual charge0.65%
Min single investment£125,000,000
Min regular saving£250,000
Available in ISANo
Ongoing charge (OCF)0.88%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price126.63
CurrencyGBX
Price updated15/02/2018
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeMR4Q
Data provided by

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You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.