Old Mutual Asia Pacific Fund R GBP Acc

Asia Equities

New for 2018. Uses numbers-driven investment process

This fund is run by a trio of fund managers who run another two Rated Funds in different sectors. Ian Heslop, Amadeo Alentorn and Mike Servent have run Old Mutual Global Equity and Old Mutual North American Equity since 2004 and have managed Old Mutual Asia Pacific since 2011.All of their funds are very well-diversified – the US fund had more than 450 holdings at the end of 2017, while the US and Asia Pacific funds had more than 200.

Heslop, head of global equities at Old Mutual Global Investors, has devised an investment process based on algorithms. He believes it is too difficult to forecast what is going to happen in the stock market, even if you correctly predict macroeconomic events. He and his team use this numbers-driven investment process to make investment decisions based on objective criteria. They look for the types of stocks that other investors are buying, and then look for the best companies they can buy to take advantage of these themes. In other words, they seek to 'follow the money'. It is an approach that recognises the cyclicality of investment processes and adjusts exposures to take advantage of prevailing market conditions. Recent performance has benefited from having a third of their Old Mutual Asia Pacific fund in technology stocks.

Heslop believes that in general, there are more inefficiencies to be exploited in the Asia Pacific region compared to the other markets in which they invest, and judging by the fund's stellar performance, he is right on the money.

Narrative and ratings content all as of 01 January 2018.

See all Money Observer rated funds
Name
Old Mutual Asia Pacific Fund R GBP Acc
Manager
Old Mutual Investment Management Limited
Type
Open Ended Investment Company
ISIN
GB00B1XG9607
Sector
Asia Pacific Excluding Japan
Launched
01/11/2012
OCF
1 %
Risk Rating
4
3 Year Sharpe
1.13
3 Year Alpha
5.13
Yield
1.3 %
Benchmark
MSCI AC Asia Pac Ex JPN NR USD
The fund seeks to achieve long term capital growth through the active management of a diversified portfolio of securities. There will be no geographic or economic restrictions but principally, investment will be in securities traded on Asian and Australasian stockmarkets. Subject to the regulations, the property of the fund may include transferable securities, units in collective investment schemes (including those managed or operated by the ACD or an associate of the ACD), warrants, money market instruments, deposits and derivatives.
Holding %
Samsung Electronics Co Ltd 2.63 %
Tencent Holdings Ltd. 2.23 %
Industrial And Commercial Bank Of China Ltd H 2.03 %
Taiwan Semiconductor Manufacturing Co Ltd 2.01 %
Bank Of China Ltd H 1.82 %
Alibaba Group Holding Ltd ADR 1.42 %
PT Adaro Energy Tbk 1.40 %
NetEase Inc ADR 1.37 %
PTT Exploration & Production PCL 1.26 %
China Steel Corp 1.18 %
Region %
Asia - Emerging 42.93 %
Asia - Developed 36.10 %
Australasia 20.59 %
Sector %
Financial Services 24.04 %
Technology 23.06 %
Basic materials 15.86 %
Consumer Cyclical 12.60 %
Industrials 7.27 %
Name
Old Mutual Investment Management Limited
Address
EC4P 4WR, London, United Kingdom
UCITS
Yes
Legal Structure
Open Ended Investment Company

Managers

Ian Heslop
Joined 12/12/2011

Dr. Ian Heslop is the Deputy Head of Quantitative Strategies at Old Mutual Asset Managers (UK). He joined the Quantitative Strategies team in June 2004 from OMAM's Global Equities team, where he was a fund manager specialising in the global technology and biotechnology sectors. He joined the Old Mutual group from Barclays Global Investors, where he was a UK quantitative fund manager (1997-2000). Ian has a BA in Chemistry from Oxford University (1993) and a PhD in Medicinal Chemistry from Edinburgh University (1997).

Amadeo Alentorn
Joined 12/12/2011
Amadeo Alentorn
Joined 12/12/2011

Data provided by Morningstar.

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