Fact sheet: Stewart Investors Asia Pacific Leaders

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
OEIC
Primary aim
GROWTH
Why Money Observer Rates Stewart Investors Asia Pacific Leaders

Rated Fund 2013-2017. Invests in sustainable businesses for the long term

This fund (formerly First State Asia Pacific Leaders) has been one of the most popular Asia Pacific funds with investors and one of the most consistently good performers. A major attraction is the excellent track record of its manager, the veteran Asia equity expert Angus Tulloch.

In July 2016 Tulloch handed over the reins to his co-manager David Gait, based in Sydney. However, Gait also has a strong performance record. His co-manager is Sashi Reddy, based in Singapore. They adhere to the same investment philosophy as Tulloch, so we have decided to retain this fund.

It invests throughout the Asia Pacific region including Australia and New Zealand, but excluding Japan. It focuses on large and medium-sized companies. These businesses generally have a total stock market value of at least $1 billion (£810 million).

Under Gait, who leads Stewart Investors' sustainable investment team, the fund also has an emphasis on sustainability, so it has a bias towards companies positioned to benefit from and contribute to sustainable development in the countries they operate in.

The Stewart Investors ethos that Gait and Reddy follow means each potential investment is evaluated according to seven principles: looking for companies that treat their investors fairly (stewardship); avoiding capital losses (an absolute return mindset); examining company fundamentals (bottom-up analysis); not investing for the short term (long-term thinking); searching for quality companies; finding sustainable and predictable growth; and following strong valuation disciplines.

3 Year Performance
Fund Performance53.7%
Average of Rated Funds Group69.5%
Sector Performance51.8%
Fund information
Fund name
Stewart Investors Asia Pacific Leaders B GBP Acc
Fund manager company
Stewart Investors (UK)
Fund type
OEIC
Fund managers
  • Sashi Reddysince 31/05/2016
  • David Gaitsince 30/06/2015
Accolades
Fund objective
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. Consideration is given to investment in companies that are positioned to benefit from, and contribute to, the sustainable development of the countries in which they operate. Derivatives may be used for efficient portfolio management.
Benchmark
  • MSCI AC Asia Pacific ex Japan
Investment style
None
Investment method
Shares
Quick stats
1 Year return
29.2%
1 Year rank in sector
63/63
Sector
UT Asia Pacific Excluding Japan
Yield
0.9%
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.
0.89%
Fund size
£9,748m (£8,248m 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
Mid price
687.08
Top in this sector
Fund name1 Year
Invesco Perp Asian62.7%
Old Mutual Invesco Perp Asn60.6%
Schroder Asian Alpha Plus60.4%
JPM Asia58.3%
Old Mutual Asia Pacific57.9%
...more in UT Asia Pacific Excluding Japan

Performance snapshot

Holdings snapshot

  • India31%
    Taiwan17.6%
    Hong Kong14.2%
    Japan7.6%
    Money Market6.6%
  • Information Technology23.2%
    Financials22.4%
    Consumer Staples16.9%
    Health Care11.1%
    Industrials8%
  • Indian Equities31%
    Taiwanese Equities17.6%
    Hong Kong Equities14.2%
    Japanese Equities7.6%
    Money Market6.6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund2.8%1.9%11.8%29.2%53.7%90.2%
Sector4.1%4.9%17.5%44.6%51.8%81.6%
Rank within sector57 / 6357 / 6354 / 6363 / 6326 / 5716 / 49
Quartile4th4th4th4th2nd2nd
Calendar performance
 YTD - 20172016201520142013
Fund10.6%19.6%1.9%19.8%1%
Sector16.1%27.3%-3.8%9.2%3.4%
Rank within sector56 / 6357 / 618 / 594 / 5533 / 49
Quartile4th4th1st1st3rd
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.
3.02
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.
0.82
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.
0.87
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%.
12.35
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.
5.47
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.
0.13
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.
0.84
Price movement
52 week high692.42
52 week low560.99
Current bid price-
Current offer price-
Current mid price687.08
Region
1India31%
2Taiwan17.6%
3Hong Kong14.2%
4Japan7.6%
5Money Market6.6%
6Australia6.2%
7Singapore6.1%
8Philippines3.3%
9Korea2.9%
Industry sector
1Information Technology23.2%
2Financials22.4%
3Consumer Staples16.9%
4Health Care11.1%
5Industrials8%
6Cash & Cash Equivalents6.6%
7Consumer Discretionary6.3%
8Utilities3.5%
9Telecommunications Utilities1.2%
Asset type
1Indian Equities31%
2Taiwanese Equities17.6%
3Hong Kong Equities14.2%
4Japanese Equities7.6%
5Money Market6.6%
6Australian Equities6.2%
7Singapore Equities6.1%
8Philippine Equities3.3%
9South Korean Equities2.9%
Individual holdings
1OVERSEA-CHINESE BANKING CORP6.1%
2UNICHARM CORP5.8%
3TATA CONSULTANCY SERVICES5.1%
4TATA CONSULTANCY SERVICES5.1%
5TAIWAN SEMICONDUCTOR CO4.3%
6KOTAK MAHINDRA BANK4.1%
7KOTAK MAHINDRA BANK4.1%
8ASUSTEK COMPUTER INC3.5%
9HONG KONG & CHINA GAS CO3.5%
Management
Fund manager group
No data available.
Fund manager company
Stewart Investors (UK)
Fund type
OEIC
Fund objective
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. Consideration is given to investment in companies that are positioned to benefit from, and contribute to, the sustainable development of the countries in which they operate. Derivatives may be used for efficient portfolio management.
Benchmark
  • MSCI AC Asia Pacific ex Japan
Investment style
None
Investment method
Shares
Fund managers
NameSinceBiography
Sashi Reddy31/05/2016Sashi Reddy joined First State Investments’ Global Emerging Markets/ Asia Pacific (ex-Japan) team in July 2008. Sashi is an investment analyst, responsible for providing research support to portfolio managers and will have a main focus on Indian equities. Before joining First State, Sashi worked at Irevna Research, an outsourced Indian equities research house from 2005 to 2007. As an analyst covering the small and mid cap European market at Irevna, he was seconded to Credit Suisse First Boston as an associate. Sashi brings with him six years of industry experience, one year of which was gained at First State in a contract role. Sashi has an engineering degree from the National Institute of Technology, Trichy and an MBA from the Schulich School of Business, York University in Toronto.
David Gait30/06/2015David is responsible for leading the Stewart Investors Sustainable Funds group and generating investment ideas across all sectors in emerging and developed markets. David Gait joined the company in 1997.David holds an MA with honours in Economics from Cambridge University, and holds a Master of Science in Investment Analysis from Stirling University.
Compliance
Transparent for Austrian Tax, IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Switzerland, Germany, France, United Kingdom, Hong Kong, Ireland, Italy, Netherlands, Sweden
Stewart Investors Asia Pacific Leaders A EUR Acc
Initial charge4%
Annual charge1.5%
Min single investment£1,000
Min regular saving£500
Available in ISAYes
Ongoing charge (OCF)1.55%
Total expense ratio (TER)1.55%
Bid price-
Offer price-
Mid price228.82
CurrencyEUX
Price updated26/06/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeBTG7
Stewart Investors Asia Pacific Leaders A EUR Acc GBP
Initial charge4%
Annual charge1.5%
Min single investment£1,000
Min regular saving£500
Available in ISAYes
Ongoing charge (OCF)1.55%
Total expense ratio (TER)1.55%
Bid price-
Offer price-
Mid price106.1
CurrencyGBX
Price updated23/11/2010
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJOH5
Stewart Investors Asia Pacific Leaders A EUR Inc
Initial charge4%
Annual charge1.5%
Min single investment£1,000
Min regular saving£500
Available in ISAYes
Ongoing charge (OCF)1.6%
Total expense ratio (TER)1.6%
Bid price-
Offer price-
Mid price211.9
CurrencyEUX
Price updated26/06/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeIFG0
Stewart Investors Asia Pacific Leaders A EUR Inc GBP
Initial charge4%
Annual charge1.5%
Min single investment£1,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)1.6%
Total expense ratio (TER)1.6%
Bid price-
Offer price-
Mid price101.88
CurrencyGBX
Price updated23/11/2010
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeJOH7
Stewart Investors Asia Pacific Leaders A GBP Acc
Initial charge4%
Annual charge1.5%
Min single investment£1,000
Min regular saving£500
Available in ISAYes
Ongoing charge (OCF)1.54%
Total expense ratio (TER)1.55%
Bid price-
Offer price-
Mid price633.8
CurrencyGBX
Price updated26/06/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeQI52
Stewart Investors Asia Pacific Leaders A GBP Acc EUR
Initial charge4%
Annual charge1.5%
Min single investment£1,000
Min regular saving£500
Available in ISAYes
Ongoing charge (OCF)1.54%
Total expense ratio (TER)1.55%
Bid price-
Offer price-
Mid price393.78
CurrencyEUX
Price updated23/11/2010
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJOH4
Stewart Investors Asia Pacific Leaders A GBP Inc
Initial charge4%
Annual charge1.5%
Min single investment£1,000
Min regular saving£500
Available in ISAYes
Ongoing charge (OCF)1.61%
Total expense ratio (TER)1.59%
Bid price-
Offer price-
Mid price218.67
CurrencyGBX
Price updated26/06/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeHVN6
Stewart Investors Asia Pacific Leaders A GBP Inc EUR
Initial charge4%
Annual charge1.5%
Min single investment£1,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)1.61%
Total expense ratio (TER)1.59%
Bid price-
Offer price-
Mid price140.58
CurrencyEUX
Price updated23/11/2010
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeJOH6
Stewart Investors Asia Pacific Leaders B EUR Acc
Initial charge4%
Annual charge0.85%
Min single investment£500,000
Min regular saving£50,000
Available in ISANo
Ongoing charge (OCF)0.88%
Total expense ratio (TER)0.89%
Bid price-
Offer price-
Mid price211.45
CurrencyEUX
Price updated26/06/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeJOH8
Stewart Investors Asia Pacific Leaders B EUR Acc GBP
Initial charge4%
Annual charge0.85%
Min single investment£500,000
Min regular saving£50,000
Available in ISANo
Ongoing charge (OCF)0.88%
Total expense ratio (TER)0.89%
Bid price-
Offer price-
Mid price93.78
CurrencyGBX
Price updated23/11/2010
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeJXJ5
Stewart Investors Asia Pacific Leaders B EUR Inc
Initial charge4%
Annual charge0.85%
Min single investment£500,000
Min regular saving£50,000
Available in ISANo
Ongoing charge (OCF)0.87%
Total expense ratio (TER)0.9%
Bid price-
Offer price-
Mid price154.6
CurrencyEUX
Price updated26/06/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeK5FT
Stewart Investors Asia Pacific Leaders B GBP Acc
Initial charge4%
Annual charge0.85%
Min single investment£500,000
Min regular saving£50,000
Available in ISAYes
Ongoing charge (OCF)0.89%
Total expense ratio (TER)0.9%
Bid price-
Offer price-
Mid price687.08
CurrencyGBX
Price updated26/06/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeQI53
Stewart Investors Asia Pacific Leaders B GBP Acc EUR
Initial charge4%
Annual charge0.85%
Min single investment£500,000
Min regular saving£50,000
Available in ISANo
Ongoing charge (OCF)0.89%
Total expense ratio (TER)0.89%
Bid price-
Offer price-
Mid price408.74
CurrencyEUX
Price updated23/11/2010
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeJOH9
Stewart Investors Asia Pacific Leaders B GBP Inc
Initial charge4%
Annual charge0.85%
Min single investment£500,000
Min regular saving£50,000
Available in ISAYes
Ongoing charge (OCF)0.91%
Total expense ratio (TER)0.91%
Bid price-
Offer price-
Mid price220.54
CurrencyGBX
Price updated26/06/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeHUA8
Stewart Investors Asia Pacific Leaders B GBP Inc EUR
Initial charge4%
Annual charge0.85%
Min single investment£500,000
Min regular saving£50,000
Available in ISANo
Ongoing charge (OCF)0.91%
Total expense ratio (TER)0.91%
Bid price-
Offer price-
Mid price141.55
CurrencyEUX
Price updated23/11/2010
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeJXJ6
Data provided by

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