x Asian Fund

Asian Fund

ISIN
GB00B3T2RX98

Price (05.05.2020)
1348.66

% Price Change
0.09

Objective and investment policy

Objective

The fund aims to provide a combination of capital growth and income, net of the ongoing charge figure, that is higher than the MSCI AC Asia Pacific ex Japan Index over any five-year period.

Investment policy and strategy

Core investment: At least 80% of the fund is invested directly in the shares of companies, across any sector and of any size, that are based, or do most of their business, in Asia Pacific (excluding Japan).

Other investments: The fund may invest in other funds (including funds managed by M&G) and cash or assets that can be turned into cash quickly.

Derivatives: The fund may use derivatives to reduce the risks and costs of managing the fund.

Strategy in brief: The fund manager invests in the shares of companies whose long-term prospects are considered to be undervalued. Stock selection is driven by in-depth analysis of individual companies, with a specific focus on their level of profitability, their corporate governance practices and the valuation of the shares.

The fund manager selects stocks with distinct profitability profiles to build a fund that has the potential to cope in a variety of market conditions.

Benchmark: MSCI AC Asia Pacific ex Japan Index

The benchmark is a target which the fund seeks to outperform. The index has been chosen as the fund’s benchmark as it best reflects the scope of the fund’s investment policy. The benchmark is used solely to measure the fund’s performance and does not constrain the fund's portfolio construction.

The fund is actively managed. The fund manager has complete freedom in choosing which investments to buy, hold and sell in the fund. The fund’s holdings may deviate significantly from the benchmark’s constituents.

For unhedged and hedged share classes, the benchmark is shown in the share class currency.

You can find more information about the objective and investment policy of the fund in the Prospectus.

Risks associated with the fund

The value and income from the fund's assets will go down as well as up. This will cause the value of your investment to fall as well as rise. There is no guarantee that the fund will achieve its objective and you may get back less than you originally invested.

Investing in emerging markets involves a greater risk of loss due to greater political, tax, economic, foreign exchange, liquidity and regulatory risks, among other factors. There may be difficulties in buying, selling, safekeeping or valuing investments in such countries.

The fund can be exposed to different currencies. Movements in currency exchange rates may adversely affect the value of your investment.

In exceptional circumstances where assets cannot be fairly valued, or have to be sold at a large discount to raise cash, we may temporarily suspend the fund in the best interest of all investors.

The fund could lose money if a counterparty with which it does business becomes unwilling or unable to repay money owed to the fund.

Further details of the risks that apply to the fund can be found in the fund's Prospectus.

Other information

The fund invests mainly in company shares and is therefore likely to experience larger price fluctuations than funds that invest in bonds and/or cash.

The performance webpage for this fund is currently being reconfigured. In the interim, for performance information, please refer to the latest Fund Factsheet which can be found in the Literature section.

Fund Team

Alice Charmoy

Alice de Charmoy - Deputy Manager

Alice de Charmoy was appointed deputy manager of the M&G Global Emerging Markets strategy in March 2015, having spent nearly two years as a dedicated analyst for M&G’s Emerging Markets and Asian strategies. Alice joined M&G in June 2013 from Comgest in Hong Kong, where she was an analyst focusing on Asian companies. Prior to that, Alice worked for Amiral Gestion as a global equities analyst. She graduated in 2005 from Université Paris Dauphine with a Masters degree in banking and finance. Alice is also a CFA charterholder.

 Team member biography
Robert Secker

Robert Secker - Investment specialist

Robert Secker joined M&G in 2010 as an investment specialist covering both the multi-asset funds and the UK income funds before joining the Emerging Markets team in January 2011. He previously worked for T Rowe Price for 10 years, most recently as an investment specialist, focusing on emerging market equities. He graduated from Portsmouth University with a BA (Honours) in financial services. Robert is a CFA charterholder.

 Team member biography

Ratings

Rating is at a share class level

2 Star Rating

Ratings as at 28/02/2020. The Morningstar Overall Rating. Copyright © 2019 Morningstar UK Limited. All Rights Reserved. The Morningstar Analyst Rating™. © 2019 Morningstar. All Rights Reserved. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Ratings should not be taken as recommendation.

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This website is intended only for Intermediary Investors in Singapore.
Specifically, the information on these pages should not be used or relied upon by the public of Singapore or any other type of investor from any other jurisdiction.
The value of investments will fluctuate, which will cause fund prices to fall as well as rise and you may not get back the original amount you invested.