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First State Asian Property Securities

Ranked 5 out of 9 in - Asian Equity over 12 months
All calculations are in GBP unless stated

Managed by

Stephen Hayes

Stephen Hayes is head of global property securities for First State Investments (‘FSI’). In his role, Stephen is responsible for management of the global property securities team, one of a number of FSI investment teams. The team manages domestic, Asian and global property securities portfolios for a number of funds. Prior to joining FSI in September 2012, Stephen founded Perennial Real Estate Investments in January 2006 and formerly had been head of property securities at FSI between 1999 and 2005. Stephen holds a Bachelor of Commerce (Economics and Management) from the University of Wollongong and is a Fellow of the Financial Services Institute of Australia.


The Fund aims to achieve a total investment return consistent with income and long term capital growth. The Fund primarily invests in a broad selection of Asian securities issued by real estate investment trusts or companies that own, develop or manage real property. The Fund may also invest in Australian and New Zealand securities of a similar type.

Showing fund performance in United Kingdom View performance globally


Asian Equity over : 31/08/2016 - 31/08/2017

Total Return

Quarterly Performance

to 30/06/2017 Annual Q1 Q2 Q3 Q4
2017 5.2% -1.2%
2016 22.6% 6.8% 8.8% 9.2% -3.4%
2015 0.7% 9.5% -4.0% -8.7% 5.0%
2014 6.7% -6.5% 6.0% 1.4% 6.1%
2013 -0.6% 15.7% -9.2% 0.7% -6.0%
2012 38.2% 11.7% 4.6% 8.0% 9.6%
2011 -19.0% -6.8% 1.8% -16.8% 2.5%
2010 19.1% 7.8% -8.5% 12.1% 7.7%
2009 26.5% -9.3% 21.0% 13.1% 1.9%
2008 -36.9% -16.3% -9.1% -15.3% -2.2%
2007 12.0% 12.7% 2.1% 5.4% -7.7%
2006 10.5%

Month by Month Performance

Returns Vs Risk

Asset Allocation



Top 10 Holdings

Stock Size
Sun Hung Kai Properties Ltd ORD 9.00
Mitsui Fudosan Co Ltd ORD 8.58
Kenedix Office Investment Corp ORD 5.05
Westfield Corp Ltd 5.05
Sumitomo Realty & Development Co Ltd ORD 4.83
Mitsubishi Estate Co Ltd ORD 4.62
Wharf Holdings Ltd ORD 4.10
City Developments Ltd ORD 3.30
Mirvac Group 3.06
Hongkong Land Holdings Ltd ORD 2.94

Registered For Sale In

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

Fund Info

  • Launch date12/09/2006
  • Share Class size02Mn
  • Base currencyGBP
  • ISIN GB00B1F76G03

Purchase Info

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


  • Annual management1.50%
  • Initial investment4

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