Fact sheet: Schroder ISF Asian Total Return

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
FO Equity - Asia Pacific ex Japan
Fund type
Offshore Fund
Primary aim
No data available.
Why Money Observer Rates Schroder ISF Asian Total Return

New for 2017. Potential for growth with emphasis on capital protection

Besides investing in a diverse range of equities across the Asia Pacific region, excluding Japan, this fund, which is part of Schroder's Luxembourg range, also aims to offer a degree of capital preservation through the use of financial derivative instruments.

It has been managed since its inception by Schroder's head of Asia equities, Robin Parbrook, who is based in Hong Kong, and King Fuei Lee, in Singapore. Since 2013 they have also managed an investment trust of the same name, which follows a similar investment approach. Around 75 per cent of the fund's holdings can also be found in the trust.

Parbrook says strong economic growth in the region does not necessarily lead to good shareholder returns, particularly in countries such as China, so it is vital to invest in the right companies. However, he adds that there are plenty of opportunities at an individual company level.

The fund is unconstrained, so its managers can avoid whole countries and sectors if they choose to. They prefer to capture long-term growth in Asia using a 'best ideas' approach.

Recently, they have positioned the fund to reflect their belief that there is an accelerating trend away from the consumption of goods and towards more services such as data services.

They focus on technology companies and suppliers of internet content for user experiences or services. But they also hold office property stocks in markets such as Hong Kong and telecom companies in more developed markets. They also like the healthcare sector and selected manufacturers.

3 Year Performance
Fund Performance39%
Average of Rated Funds Group51.1%
Sector Performance19.4%
Fund information
Fund name
Schroder ISF Asian Total Return C Acc NAV USD
Fund manager company
Schroder Investmt Mgt(LUX)S.A.
Fund type
Offshore Fund
Fund managers
  • Robin Parbrooksince 16/11/2007
  • King Fuei Leesince 16/11/2007
Accolades
Fund objective
The fund aims to provide capital growth and income by investing in equities of Asia Pacific companies. The fund is designed to participate in rising markets whilst aiming to mitigate losses in falling markets through the use of derivatives. The mitigation of losses cannot be guaranteed.
Benchmark
  • MSCI AC Asia Pacific ex Japan
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
19.8%
1 Year rank in sector
-
Sector
FO Equity - Asia Pacific ex Japan
Yield
1.1%
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.
1.31%
Fund size
£4,338m (£2,942m 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
Top in this sector
Fund name1 Year
Morg Stnly Asia Opp44.2%
Wellington AsianOpp31.5%
Melchior ST Asian Opps31%
Investec Asia Paci Eq30.2%
CC Asia Focus29.8%
...more in FO Equity - Asia Pacific ex Japan

Performance snapshot

Holdings snapshot

  • China26.9%
    Hong Kong24.8%
    Australia12%
    Taiwan9.4%
    Singapore5.8%
  • Information Technology28.2%
    Financials20.5%
    Consumer Discretionary17.3%
    Industrials9.2%
    Real Estate9%
  • Chinese Equities26.9%
    Hong Kong Equities24.8%
    Australian Equities12%
    Taiwanese Equities9.4%
    Singapore Equities5.8%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.7%-1.4%-0.9%19.8%39%48.4%
Sector1%-1%0.9%15.2%19.4%32.5%
Rank within sector------
Quartile
Calendar performance
 YTD - 20182017201620152014
Fund0.7%40.2%7.2%-2.5%7.1%
Sector0.3%31.6%6.4%-6.8%5.5%
Rank within sector-----
Quartile
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.
7.3
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.
0.67
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.
0.8
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%.
9.74
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.
6.05
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.
0.92
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.
0.81
Price movement
52 week high322.86
52 week low259.95
Current bid price-
Current offer price-
Current mid price309.46
Region
1China26.89%
2Hong Kong24.76%
3Australia11.97%
4Taiwan9.44%
5Singapore5.76%
6Korea5.67%
7Not Specified5.57%
8India5.25%
9USA3.03%
Industry sector
1Information Technology28.18%
2Financials20.5%
3Consumer Discretionary17.29%
4Industrials9.16%
5Real Estate9.05%
6Others5.57%
7Materials3.91%
8Health Care3.08%
9Utilities1.9%
Asset type
1Chinese Equities26.89%
2Hong Kong Equities24.76%
3Australian Equities11.97%
4Taiwanese Equities9.44%
5Singapore Equities5.76%
6South Korean Equities5.67%
7Indian Equities5.25%
8Money Market5.23%
9US Equities3.03%
Individual holdings
1SAMSUNG ELECTRONICS CO5.67%
2TENCENT HLDGS LTD4.2%
3HDFC BANK LTD3.96%
4HDFC BANK LTD3.96%
5TAIWAN SEMICONDUCTOR MANUFACTURING3.78%
6ALIBABA GROUP HLDG LTD3.34%
7AIA GROUP LTD3.33%
8SWIRE PROPERTIES LTD3.21%
9JARDINE STRATEGIC HLDGS3.14%
Management
Fund manager group
Schroders
Fund manager company
Schroder Investmt Mgt(LUX)S.A.
Fund type
Offshore Fund
Fund objective
The fund aims to provide capital growth and income by investing in equities of Asia Pacific companies. The fund is designed to participate in rising markets whilst aiming to mitigate losses in falling markets through the use of derivatives. The mitigation of losses cannot be guaranteed.
Benchmark
  • MSCI AC Asia Pacific ex Japan
Investment style
Growth
Investment method
Shares
Fund managers
NameSinceBiography
Robin Parbrook16/11/2007Robin has 24 years’ experience covering Asia, all of it with Schroders. Robin is currently the Head of Asia ex Japan Equities and also a Regional and Alternatives fund manager, based in Hong Kong. In 2008 he moved to Edinburgh to focus on managing Asian investment strategies with a focus on absolute returns, and returned to Hong Kong in August 2010 to manage Asian Total Return as well as other Asian equity strategies. Prior to 2008 he was Head of the Asian Investment Team for Schroders, in which capacity he managed a range of Asian funds.
King Fuei Lee16/11/2007King Fuei Lee is fund manager for Asian equities based in Singapore and lead fund manager for developed Asia Pacific equity mandates. Prior to transferring to the Asian Equities Team in Singapore in December 2001, he was a fund manager within the Global Equities Team based in London. He joined Schroders as a graduate trainee in 1999 and is a CFA charterholder, and a member of the CFA Institute. He has an MPhil in Economics from Cambridge University and a BSc in Economics from the London School of Economics.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Distributor Status, IA Recognised, Offshore, Reporting Fund Status, UCITS IV Compliant, UCITS V Compliant, MAS Unrestricted Scheme
Domicile
No data available.
Fund for sale in
Austria, Belgium, Bulgaria, Switzerland, Czech Republic, Germany, Denmark, Spain, Finland, France, United Kingdom, Gibraltar, Greece, Hong Kong, Hungary, Ireland, Iceland, Italy, Republic Of Korea, Liechtenstein, Luxembourg, Macau, Malta, Netherlands, Norway, Offshore, Poland, Portugal, Singapore, Sweden, Taiwan - Province Of China
Schroder ISF Asian Total Return A Acc NAV USD
Initial charge5%
Annual charge1.5%
Min single investment£1,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.86%
Total expense ratio (TER)1.94%
Bid price-
Offer price-
Mid price286.5346
CurrencyUSD
Price updated21/05/2018
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeARO7
Schroder ISF Asian Total Return A Acc USD
Initial charge5%
Annual charge1.5%
Min single investment£1,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.86%
Total expense ratio (TER)1.94%
Bid price286.5346
Offer price301.6154
Mid price-
CurrencyUSD
Price updated21/05/2018
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeAOI2
Schroder ISF Asian Total Return A Dis GBP
Initial charge5%
Annual charge1.5%
Min single investment£1,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.86%
Total expense ratio (TER)1.94%
Bid price356.5265
Offer price375.2911
Mid price-
CurrencyGBP
Price updated21/05/2018
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeDGT3
Schroder ISF Asian Total Return A Dis NAV GBP
Initial charge5%
Annual charge1.5%
Min single investment£1,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.86%
Total expense ratio (TER)1.94%
Bid price-
Offer price-
Mid price356.5265
CurrencyGBP
Price updated21/05/2018
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeEOD0
Schroder ISF Asian Total Return A Dis NAV SGD
Initial charge5%
Annual charge1.5%
Min single investment£1,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.86%
Total expense ratio (TER)1.94%
Bid price-
Offer price-
Mid price17.4418
CurrencySGD
Price updated21/05/2018
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeLTO5
Schroder ISF Asian Total Return A Dis SGD
Initial charge5%
Annual charge1.5%
Min single investment£1,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.86%
Total expense ratio (TER)1.94%
Bid price17.4418
Offer price18.3598
Mid price-
CurrencySGD
Price updated21/05/2018
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeLTO4
Schroder ISF Asian Total Return A Hedged Acc EUR
Initial charge5%
Annual charge1.5%
Min single investment£1,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.87%
Total expense ratio (TER)1.94%
Bid price250.9357
Offer price264.1428
Mid price-
CurrencyEUR
Price updated21/05/2018
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeDGT5
Schroder ISF Asian Total Return A Hedged Acc NAV EUR
Initial charge5%
Annual charge1.5%
Min single investment£1,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.87%
Total expense ratio (TER)1.94%
Bid price-
Offer price-
Mid price250.9357
CurrencyEUR
Price updated21/05/2018
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeEOC5
Schroder ISF Asian Total Return A1 Acc NAV USD
Initial charge4%
Annual charge1.5%
Min single investment£1,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2.36%
Total expense ratio (TER)2.44%
Bid price-
Offer price-
Mid price274.7972
CurrencyUSD
Price updated21/05/2018
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeARO8
Schroder ISF Asian Total Return A1 Acc USD
Initial charge4%
Annual charge1.5%
Min single investment£1,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2.36%
Total expense ratio (TER)2.44%
Bid price274.7972
Offer price286.2471
Mid price-
CurrencyUSD
Price updated21/05/2018
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeAOI6
Schroder ISF Asian Total Return A1 Hedged Acc NAV PLN
Initial charge4%
Annual charge1.5%
Min single investment£1,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2.37%
Total expense ratio (TER)2.44%
Bid price-
Offer price-
Mid price869.5826
CurrencyPLN
Price updated21/05/2018
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJ5L4
Schroder ISF Asian Total Return A1 Hedged Acc PLN
Initial charge4%
Annual charge1.5%
Min single investment£1,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2.37%
Total expense ratio (TER)2.44%
Bid price869.5826
Offer price905.8152
Mid price-
CurrencyPLN
Price updated21/05/2018
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJ5L3
Schroder ISF Asian Total Return B Acc NAV USD
Initial charge-
Annual charge1.5%
Min single investment£1,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2.46%
Total expense ratio (TER)2.54%
Bid price-
Offer price-
Mid price272.4608
CurrencyUSD
Price updated21/05/2018
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeARO9
Schroder ISF Asian Total Return B Acc USD
Initial charge-
Annual charge1.5%
Min single investment£1,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2.46%
Total expense ratio (TER)2.54%
Bid price272.4608
Offer price272.4608
Mid price-
CurrencyUSD
Price updated21/05/2018
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeAOI3
Schroder ISF Asian Total Return C Acc NAV USD
Initial charge1%
Annual charge1%
Min single investment£1,000
Min regular saving£250,000
Available in ISANo
Ongoing charge (OCF)1.31%
Total expense ratio (TER)1.34%
Bid price-
Offer price-
Mid price309.4555
CurrencyUSD
Price updated21/05/2018
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeARP0
Schroder ISF Asian Total Return C Acc USD
Initial charge1%
Annual charge1%
Min single investment£1,000
Min regular saving£250,000
Available in ISANo
Ongoing charge (OCF)1.31%
Total expense ratio (TER)1.34%
Bid price309.4555
Offer price312.5813
Mid price-
CurrencyUSD
Price updated21/05/2018
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeAOI4
Schroder ISF Asian Total Return C Dis GBP
Initial charge1%
Annual charge1%
Min single investment£1,000
Min regular saving£250,000
Available in ISAYes
Ongoing charge (OCF)1.31%
Total expense ratio (TER)1.34%
Bid price368.3744
Offer price372.0954
Mid price-
CurrencyGBP
Price updated21/05/2018
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeDGT4
Schroder ISF Asian Total Return C Dis NAV GBP
Initial charge1%
Annual charge1%
Min single investment£1,000
Min regular saving£250,000
Available in ISAYes
Ongoing charge (OCF)1.31%
Total expense ratio (TER)1.34%
Bid price-
Offer price-
Mid price368.3744
CurrencyGBP
Price updated21/05/2018
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeEOD1
Schroder ISF Asian Total Return C Hedged Acc EUR
Initial charge1%
Annual charge1%
Min single investment£1,000
Min regular saving£250,000
Available in ISANo
Ongoing charge (OCF)1.32%
Total expense ratio (TER)1.34%
Bid price268.799
Offer price271.5141
Mid price-
CurrencyEUR
Price updated21/05/2018
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeDGT8
Schroder ISF Asian Total Return C Hedged Acc NAV EUR
Initial charge1%
Annual charge1%
Min single investment£1,000
Min regular saving£250,000
Available in ISANo
Ongoing charge (OCF)1.32%
Total expense ratio (TER)1.34%
Bid price-
Offer price-
Mid price268.799
CurrencyEUR
Price updated21/05/2018
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeEOC8
Schroder ISF Asian Total Return I Acc NAV USD
Initial charge-
Annual charge-
Min single investment£5,000,000
Min regular saving£2,500,000
Available in ISANo
Ongoing charge (OCF)0.07%
Total expense ratio (TER)0.09%
Bid price-
Offer price-
Mid price353.3673
CurrencyUSD
Price updated21/05/2018
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeARP1
Schroder ISF Asian Total Return I Acc USD
Initial charge-
Annual charge-
Min single investment£5,000,000
Min regular saving£2,500,000
Available in ISANo
Ongoing charge (OCF)0.07%
Total expense ratio (TER)0.09%
Bid price353.3673
Offer price353.3673
Mid price-
CurrencyUSD
Price updated21/05/2018
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeAOI7
Data provided by

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