Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

First State Asian Equity Plus I (Distributing) USD

Ranked 19 out of 187 in - Asia Pacific Excluding Japan over 12 months
All calculations are in GBP unless stated

Managed by

Richard Jones

Richard Jones is a director of First State Stewart Asia, part of First State Investments. Richard has more than 27 years of investment experience in Asia, focused on both company research and portfolio management. He joined the FSSA team in January 2010 and is based in Hong Kong. Richard is the lead manager of the First State Asia Innovation Fund, the First State Asian Growth Fund and the First State Singapore and Malaysia Fund. He is also responsible for managing a number of Asia Pacific Leaders portfolios on behalf of key client segregated accounts. Richard graduated from the London School of Economics with a first class degree in Economics (Government).

Martin Lau

Having graduated from Cambridge University with a Bachelor of Arts degree and a Masters in Engineering, Martin Lau has progressed from a somewhat industrious education to Investment Fund Management and now has over 10 years experience in the industry. Born in Hong Kong in 1972, Lau started his investment career in 1995 at BZW in London as part of their risk management team. He subsequently spent six years with Invesco as a fund manager responsible for the greater China funds, Smaller Companies fund and regional portfolios. Lau currently manages a range of China and Asia funds for First State. He describes his investment style for many of the funds he runs as bottom up stock selection with strong macro overlay. He also focuses heavily on quality, growth and price. A keen badminton player, Lau also enjoys playing tennis, walking and going to the cinema.

Objective

The Fund aims to grow your investment. The Fund mainly invests in shares of companies based in the Asia Pacific region (excluding Japan). The Fund invests in companies which pay a regular and above average income as well as having the potential for long term growth.

Showing fund performance in United Kingdom View performance globally

Performance

Asia Pacific Excluding Japan over : 30/04/2015 - 30/04/2016

Total Return

Quarterly Performance

to 31/03/2016 Annual Q1 Q2 Q3 Q4
2016 3.6%
2015 2.9% 12.6% -7.6% -7.3% 6.7%
2014 20.8% 0.6% 5.5% 8.4% 5.1%
2013 2.3% 11.2% -5.6% -2.9% 0.3%
2012 19.2% 7.6% -1.3% 10.0% 2.1%
2011 -9.6% -4.4% 3.4% -11.3% 3.1%
2010 25.9% 8.1% -2.0% 13.1% 5.1%
2009 40.0% -2.4% 13.1% 22.2% 3.8%
2008 -14.2% -4.9% -4.6% -9.2% 4.1%
2007 32.8% 5.5% 12.2% 8.8% 3.2%
2006 14.7% 7.7% -8.4% 5.6% 10.1%
2005 34.7% 5.5% 9.3% 8.7% 7.5%
2004 20.2% 5.6% -3.3% 7.4% 9.6%
2003 5.8%

Month by Month Performance

Returns Vs Risk

Asset Allocation

Breakdown

31/12/2015

Top 10 Holdings

Stock Size
Taiwan Semiconductor Manufacturing Co Ltd ORD 4.33
CK Hutchison Holdings Ltd ORD 4.06
Delta Electronics Inc ORD 2.97
CSL Ltd ORD 2.84
Housing Development Finance Corporation Ltd ORD 2.50
Dr.Reddy's Laboratories Ltd ORD 2.42
Oversea-Chinese Banking Corporation Ltd ORD 2.38
LG Household & Healthcare Ltd ORD 2.37
Brambles Ltd ORD 2.36
LG Corp ORD 2.33
31/12/2015

Registered For Sale In

  1. Hong Kong
  2. Ireland
  3. Macau
  4. Norway
  5. Singapore
  6. Sweden
  7. United Kingdom

Fund Info

  • Launch date14/07/2003
  • Share Class size2,272Mn
  • Base currencyUSD
  • ISIN IE0032834883

Purchase Info

  • Min. initial investment1,500
  • Min. regular additional investment0

Charges

  • Annual management1.50%

Related News

AA-rated Thompson steps back from First State Asia Pacific Leaders

Alistair Thompson, the Citywire AA-rated co-manager of Angus Tulloch's £6.3 billion First State Asia Pacific Leaders fund, has stepped back from running the fund.

Chatfeild-Roberts: Jupiter does not tolerate weak managers

Jupiter Asset Management chief investment officer John Chatfeild-Roberts has stressed the group’s willingness to remove underperforming fund managers as part of its commitment to excellence.

Europe's Top 100 Fund Managers 2009: winners through boom and bust

It has been a turbulent and testing three years for fund managers, to put it mildly, which makes the make-up of this year’s list of Europe’s Top 100 managers all the more interesting.

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