Asia Equities Rated Funds

The Asia Pacific region is often viewed as 'emerging' and that is certainly true of countries such as China, India or Indonesia. Most global emerging market funds will have a large chunk of assets in the region. But it also includes developed markets such as Australia, Singapore and Hong Kong.

Investors in Asia should generally adopt a longer-term outlook on their investment as performance can be volatile. The past two years have seen some of the best returns available among global equities, but these followed two relatively poor years. Compared with developed Western economies, demographic trends and economic growth are far superior, as is growth in consumption. With these factors in mind, the case for investing in Asia is undeniably strong.

Because institutional investors devote comparatively less research effort to the region, it is one where well-managed active funds can be expected to beat passive index trackers in the medium to long term. Nevertheless, we have introduced five rated passive funds this year. Our 16 actively managed Rated Funds in the Asian equities category have produced an average return of 80 per cent over three years.

We have split the asset group into 11 pan-Asian funds and trusts that usually invest in companies listed in the region's developed markets. Within this sub-section we have expanded the number of Rated Funds that focus on income to three, and included a trust that targets smaller companies.

Then follow five more focused funds. Their managers concentrate their stocking-picking efforts on single countries such as China or India – the economic powerhouses of Asia.

ASIA EQUITIESBrowse other rated fund groups
Fund & Sector
Rated Funds Group
1 Month Perf.
1 Year Perf.
3 Year Perf.
5 Year Perf.
Janus Henderson ChOpp
UT China/Greater China
View Factsheet
ASIA EQUITIES10.5%
2 / 12
32.8%
4 / 12
67.3%
2 / 11
130.6%
2 / 11
Fidelity China Spec Sits Plc
IT Country Specialists: Asia Pacific
View Factsheet
ASIA EQUITIES9.2%
1 / 7
30.9%
2 / 7
60.9%
3 / 7
184.9%
1 / 7
Veritas Asian
FO Equity - Asia Pacific ex Japan
View Factsheet
ASIA EQUITIES6.3%
-
25.2%
-
69%
-
106.8%
-
Old Mutual Asia Pacific
UT Asia Pacific Excluding Japan
View Factsheet
ASIA EQUITIES5%
37 / 61
24.5%
1 / 59
65.1%
4 / 55
92%
1 / 48
Barings Eastern Trust
UT Asia Pacific Excluding Japan
View Factsheet
ASIA EQUITIES2%
59 / 61
22.6%
4 / 59
55.9%
9 / 55
83.9%
4 / 48
Fidelity Asia
UT Asia Pacific Excluding Japan
View Factsheet
ASIA EQUITIES5.3%
30 / 61
22.2%
5 / 59
61.7%
7 / 55
84.8%
3 / 48
Fidelity Emerging Asia
UT Asia Pacific Excluding Japan
View Factsheet
ASIA EQUITIES5.3%
29 / 61
19.6%
9 / 59
52.2%
11 / 55
81.3%
5 / 48
Schroder ISFAsnTR
FO Equity - Asia Pacific ex Japan
View Factsheet
ASIA EQUITIES0.6%
-
19.5%
-
38.5%
-
48.1%
-
Hermes AsexJap Eq
FO Equity - Asia Pacific ex Japan
View Factsheet
ASIA EQUITIES8.8%
1 / 188
19.4%
55 / 184
61.9%
2 / 163
135.7%
1 / 140
Smith & Williamson FarEstnIandG
UT Asia Pacific Including Japan
View Factsheet
ASIA EQUITIES2.6%
7 / 7
18.1%
4 / 7
64.2%
1 / 5
70.5%
3 / 5
Invesco Asia Trust plc
IT Asia Pacific - Excluding Japan
View Factsheet
ASIA EQUITIES6.3%
1 / 15
13.1%
6 / 15
55.8%
6 / 15
88.2%
3 / 15
Schroder Oriental Inc
IT Asia Pacific - Excluding Japan
View Factsheet
ASIA EQUITIES4%
9 / 15
12.3%
7 / 15
45.1%
7 / 15
47.7%
8 / 15
Guinness Asian Eq Inc
FO Equity - Asia Pacific ex Japan
View Factsheet
ASIA EQUITIES3.9%
-
11.8%
-
41.8%
-
-
-
Pacific Assets Trust plc
IT Asia Pacific - Excluding Japan
View Factsheet
ASIA EQUITIES1.8%
14 / 15
3.5%
14 / 15
28.9%
12 / 15
68.8%
7 / 15
Scot Oriental SmCo
IT Asia Pacific - Excluding Japan
View Factsheet
ASIA EQUITIES2.7%
13 / 15
1.8%
15 / 15
26.5%
14 / 15
16.7%
13 / 15
Aberdeen New Ind IT PLC
IT Country Specialists: Asia Pacific
View Factsheet
ASIA EQUITIES1.7%
3 / 7
-1.3%
6 / 7
38.8%
6 / 7
84.4%
5 / 7
Jupiter India
UT Specialist
View Factsheet
ASIA EQUITIES-2.2%
105 / 111
-12.1%
104 / 108
39.8%
17 / 102
83.3%
6 / 90
Data provided by
Reviewed 01 April 2018

Rated Funds Update: Rated Funds 2018

Review: first quarter of 2018

Asian markets tracked western developed markets down over the quarter. The FTSE Developed Asia Pacific ex Japan index lost 6.1 per cent. Emerging Asian markets fared better: the FTSE Emerging Asia Pacific index lost 2.9 per cent. The broader FTSE Asia Pacific ex Japan index lost 4.4 per cent. On a country-specific basis China fared far better than India.

Best performers in the wider asset group were Fidelity Emerging Asia (-1.1 per cent) and Smith & Williamson Far Eastern & Growth. This fund, which includes Japan in its remit, lost 1.88 per cent.

The worst performers in this pan-Asia cohort were investment trusts Scottish Oriental Smaller Companies (-8.4 per cent) and Invesco Asia (-7.4 per cent). Both trusts are conservatively run but both have significant exposure to India, which was very weak in the first quarter. However, it is the persistent and disappointingly poor performance of Scottish Oriental Smaller Companies that leads us to place the trust under review this quarter. 

Our single country focus funds for India and China had a very contrasting quarter. Both investment trusts outperformed their open-ended counterparts. The MSCI India index fell 10.3 per cent over the quarter, but the Jupiter Indian fund dropped by 15 per cent. Should underperformance persist it will be placed under next quarter. Aberdeen’s New India trust was better insulated against the falls – it dropped by 8.5 per cent and its one-year loss of 3.5 per cent is far better than the Jupiter fund, down 11.9 per cent.

Fidelity China Special Situations was the only member of the group in positive territory with a 1.5 per cent gain. In contrast Janus Henderson China Opportunities lost 2.4 per cent. The longer-term record for both remains very good.

Trust under review: Scottish Oriental Smaller Companies 

View a full list of our Rated Funds 2018 here