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First State Asia Pacific Leaders

Ranked 28 out of 108 in - Asia Pacific Excluding Japan over 12 months
All calculations are in GBP

Managed by

Angus Tulloch

Angus Tulloch gave up an early career in accountancy because he found it 'incredibly dull'. A colourful character, Tulloch bought his first shares when he was 10 and sold out at 13 to fund a holiday. He started out professionally with blue-blooded brokers Cazenove in 1980, which sent him to Hong Kong to work as an investment analyst. Seven years later he moved to Stewart Ivory, which was subsequently taken over by Colonial First State Investments in 2000 and ultimately rebranded First State Investments. Tulloch is now the head of First State's Asia Pacific and Global Emerging Markets team. His key fund is the First State Asia Pacific fund, which he has managed since 1998. He believes in 'bunching' his best investment ideas. For instance the 90-stock Asia Pacific fund has some 30% of its assets invested in its top 10 holdings, 50% in the top 20, with the balance of the fund made up of what he thinks may be 'tomorrow's winners.'

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.

Performance

Asia Pacific Excluding Japan over : 31/08/2013 - 31/08/2014

Total Return

Quarterly Performance

to 29/08/2014 Annual Q1 Q2 Q3 Q4
2014 15.5% 0.8% 5.7% 8.4%
2013 0.4% 8.4% -5.6% -1.4% -0.5%
2012 18.6% 7.9% -2.8% 9.8% 2.9%
2011 -7.9% -3.1% 2.7% -10.0% 2.9%
2010 26.8% 8.2% -4.4% 11.4% 10.1%
2009 35.0% -1.2% 10.2% 22.0% 1.6%
2008 -16.2% -5.2% -5.3% -7.8% 1.3%
2007 40.1% 5.5% 10.9% 12.9% 6.2%
2006 17.5% 5.9% -5.0% 5.2% 11.0%
2005 35.2% 5.2% 8.2% 12.3% 5.8%
2004 13.3% 4.5% -8.1% 9.1% 8.1%

Month by Month Performance

Returns Vs Risk

Asset Allocation

Breakdown

31/03/2014

Top 10 Holdings

Stock Size
CSL Ltd ORD 6.37
Oversea-Chinese Banking Corporation Ltd ORD 5.42
Cheung Kong Holdings Ltd ORD 5.18
Taiwan Semiconductor Manufacturing Co Ltd ORD 4.01
Hong Kong and China Gas Co Ltd ORD 3.48
Axiata Group Bhd ORD 3.38
China Telecom Corp Ltd ORD 3.17
DBS Group Holdings Ltd ORD 3.12
Housing Development Finance Corporation Ltd ORD 3.08
Mahindra and Mahindra Ltd ORD 3.03
31/03/2014

Registered For Sale In

  1. Austria
  2. Chile
  3. France
  4. Germany
  5. Italy
  6. Netherlands
  7. Sweden
  8. Switzerland
  9. United Kingdom

Fund Info

  • Launch date01/12/2003
  • Share Class size1,786Mn
  • Base currencyGBP
  • ISIN GB0033874214

Purchase Info

  • Min. initial investment1,000
  • Min. additional investment50

Charges

  • Annual management1.5%
  • Initial investment4

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Performance is for the period shown (month end to month end, bid/bid, gross income reinvested, calculated in GBP).