M&G (Lux) Asian Fund

ISIN
LU1670618187

Price (05.12.2019)
41.47

% Price Change
1.15

Objective and investment policy

Objective

The fund aims to provide a combination of capital growth and income to deliver a return that is higher than that of the Asia Pacific (excluding Japan) stockmarket over any five-year period.

Investment policy and strategy

Core investment: At least 80% of the fund is invested in the shares of companies domiciled, or conducting the major part of their economic activity, in the Asia Pacific (excluding Japan) region. The fund may invest in China A- Shares via the Shanghai-Hong Kong Stock Connect and the Shenzhen-Hong Kong Stock Connect.

Other investment: The fund also holds cash or assets that can be turned quickly into cash.

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

Performance comparator: The fund is actively managed. The MSCI All Country Asia Pacific ex Japan Index is a point of reference against which the performance of the fund may be measured.

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.

The fund may invest in China A shares. Investments in assets from the People's Republic of China are subject to changeable political, regulatory and economic conditions, which may cause difficulties when selling or collecting income from these investments. In addition, such investment is made via the 'Stock Connects' systems, which may be more susceptible to clearing, settlement and counterparty risk. These factors could cause the fund to incur a loss.

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.

 

Performance

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. The level of any income earned by the fund will fluctuate. Past performance is not a guide to future performance. 

Source: Price: State Street. Performance: Morningstar. Performance figures are on a price to price basis with income reinvested. Performance figures may not reflect all relevant charges.

Please note that the Morningstar Category performance data in this tool where shown, is from the default Morningstar database, which contains all the share classes for each fund available across Europe, Asia and Africa. This can differ from the comparative sector data in M&G factsheets which is from the same database, but showing only the most appropriate share class to represent each fund, and for just those funds available in Europe. Neither Morningstar nor its Information Providers can guarantee the accuracy, completeness, timeliness, or correct sequencing of any of the Information on the Web site, including, but not limited to Information originated by Morningstar, licensed by Morningstar from Information Providers, or gathered by Morningstar from publicly available sources. There may be delays, omissions, or inaccuracies in the Information.

 

Fund Team

Dave Perrett

Dave Perrett - Fund manager

Dave Perrett was appointed deputy fund manager of the M&G Japan Fund, M&G Japan Smaller Companies, M&G (Lux) Japan Fund and the M&G (Lux) Japan Smaller Companies Fund in September 2019. Dave has more than 28 years of investment experience. Prior to joining M&G, he was with Oxford-based Port Meadow Capital Management, a boutique investment firm he co-founded with Carl Vine in 2014. Prior to that, he was a Managing Director and Senior Portfolio Manager with UBS, specialising in investing capital across the Asia Pacific region and was based in Hong Kong until June 2009. He served as Chief Investment Officer, Life and Institutional for Prudential Asset Management (Hong Kong) from 2001 to 2004. Dave began his career with Prudential (London) in 1991. Dave holds a Bachelor of Science, Economics (1991) from the London School of Economics and a Master of Science from the University of London (1995).

 Team member biography
Carl Vine

Carl Vine - Deputy Manager

Carl Vine was appointed fund manager of the M&G Japan Fund, M&G Japan Smaller Companies Fund, M&G (Lux) Japan Fund and the M&G (Lux) Japan Smaller Companies Fund in September 2019. Carl has more than 22 years of investment experience in Japanese and Asia Pacific equities. Prior to joining M&G, he was with Oxford-based Port Meadow Capital Management, a boutique investment firm he co-founded in 2014 with Dave Perrett. Before that, he was a Managing Director and Portfolio Manager for SAC Capital Advisors in Hong Kong, responsible for investment in Asia Pacific, including Japan. He was a responsible officer for the business locally, and was the Asian-based member of their global investment committee. Prior to this, he was a Managing Director at UBS in Hong Kong, where he invested proprietary capital across Asia Pacific and Japan. He also spent time as a Principal for TPG-Axon Capital. Carl began his career with Prudential Portfolio Managers in London, before relocating to Tokyo to open Prudential’s Japan office. Carl holds a Bachelor of Arts (Hons) in Politics, Philosophy & Economics from Oxford University (1997).

 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

3 Star Rating

Ratings as at 31/10/2019. 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.

Need further information?

  • Get more help from our FAQs

  • Search for a term in our Glossary

    Glossary



For Investment Professionals only. Not for onward distribution to any other type of client. No other persons should rely on the information contained on this website. Content should therefore be shared responsibly with other investment professionals. 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.