First State Asia Pacific Leaders Class A Accumulation Units
At a glance
| Initial charge | 4.00% |
|---|---|
| Initial saving | 3.75% |
| Annual charge | 1.50% |
| Annual saving | 0.150% ² |
| Total Expense Ratio | 1.57% |
| Launch date | 01-12-2003 |
| Launch price | £1.00 |
| Sector | Asia Pacific Ex Japan |
| Fund size | £1,520 million |
| Number of holdings | 82 |
| Fund type | OEIC |
| Type of units | Accumulation |
Ways to Invest
Find out how to invest in this fundHL Research - Our view on this Fund
We are pleased to see Angus Tulloch’s investment approach come into its own, particularly in difficult markets. His focus has always been on identifying high quality companies with solid balance sheets and this pays off in more challenging environments. The fund’s bias in the healthcare, utilities and telecoms sectors has proven beneficial, as has the low exposure to the energy and financial companies. We believe the fund has excellent prospects.
Full research
About the Fund Manager
Angus Tulloch
Located in: Edinburgh
Angus Tulloch is Joint Managing Partner of the Asia Pacific and Global Emerging Markets equity team at First State Investments, having joined the Company in 1988. Graduating from Cambridge University in 1970 with a BA (Honours) in Economics and History, Angus worked with Chartered Accountants Whinney Murray (now Ernst & Young) for four years. He then gained substantial industry experience in corporate planning and finance roles with various national companies before joining London stockbrokers Cazenove & Coin 1980. Specialising mainly in Far Eastern markets, Angus spent three of the next eight years with this firm based in Hong Kong as a regional analyst before assuming a fund management role in its London office. In 1988 he returned to Scotland, joining Stewart Ivory (now part of First State Investments) to establish an Asia Pacific and Emerging Markets capability.
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Income details
| Historic yield | 1.43% |
|---|---|
| Income paid | Bi-annually |
| Type of payment | Dividend |
All yields are variable and not guaranteed. There is currently no yield information available for this fund.
Distribution dates
| Ex-dividend date | 01 February 2008 |
|---|---|
| Payment date ³ | 31 March 2008 |
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Top 10 holdings
| Newcrest Mining | 7.39% |
|---|---|
| Brambles Ltd | 6.38% |
| Taiwan Semiconductor Manufacturing | 5.54% |
| Hong Kong & China Gas Co. | 5.33% |
| Swire Pacific Ltd. A | 5.16% |
| Cheung Kong (Holdings) | 5.09% |
| Delta Electronics | 3.71% |
| Oversea-Chinese Banking Corp. | 3.68% |
| Hang Lung Group | 3.33% |
| Chunghwa Telecom Co. | 3.28% |
Top 10 sectors
| General Industrials | 16.78% |
|---|---|
| Technology Hardware & Equipment | 10.07% |
| Real Estate Investment & Services | 9.30% |
| Mining | 7.39% |
| Banks | 6.04% |
| Fixed Line Telecommunications | 5.83% |
| Gas, Water & Multiutilities | 5.33% |
| Mobile Telecommunications | 4.86% |
| Electronic & Electrical Equipment | 3.71% |
| Food Producers | 3.62% |
Top 10 countries
| Hong Kong | 25.79% |
|---|---|
| Australia | 19.25% |
| Taiwan | 16.78% |
| South Korea | 8.29% |
| Malaysia | 7.30% |
| Singapore | 6.03% |
| India | 5.85% |
| Thailand | 3.21% |
| China | 2.63% |
| Cash and Equiv. | 2.36% |
² Annual saving is not available in the SIPP.
³ If you elect to receive the income from a Vantage ISA, Fund or Share Account, we will collect any dividends for you and then pay them directly into your bank account within the first 10 working days of the following month.
Last valuation as at 03-12-2008. Data accurate as at 31/10/2008.
