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abrdn Asia Pacific Equity Class I - Income (GBP)

Sell:161.25p Buy:161.25p Change: 2.11p (1.33%)
Prices as at 22 November 2024
Sell:161.25p
Buy:161.25p
Change: 2.11p (1.33%)
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account
Invest now
Prices as at 22 November 2024
Sell:161.25p
Buy:161.25p
Change: 2.11p (1.33%)
Prices as at 22 November 2024
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account
Invest now
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.

Our view on this Fund

This fund does not feature on the Wealth Shortlist of funds our analysts believe have the potential to outperform their peers over the long term. This is not a recommendation to sell; however, if you are thinking of adding to your investments, we believe the Wealth Shortlist is a good place to start. View funds on the Wealth Shortlist »

The abrdn Asia Pacific Equity fund aims for long-term growth by investing in a range of Asian markets, including both established and less-developed economies such as China, India and Australia. It could therefore provide broad exposure to the Asia Pacific region and diversify a global portfolio with a long-term view. Funds that focus on other regions, or specific countries, could be added alongside this one as part of a broader investment portfolio. The fund includes some investments in emerging markets, which adds risk.

The fund has been a long term constituent of the Wealth Shortlist (previously the Wealth 50 and Wealth 150). Our conviction in the fund has been based on its strong team, ample resources, and long-term investment approach. We now find that these elements no longer set it apart in the competitive Asia Pacific sector. As a result, we’ve decided to remove the fund from the Wealth Shortlist.

Our view on the sector

Asia is home to some of the most dynamic economies in the world and has the potential to grow strongly over the long term. Funds in this sector invest in more mature economies like Korea, Taiwan, Hong Kong and Singapore together with emerging economies such as the Philippines and Indonesia. Some also invest in other developed economies such as Australia. The region is home to some of the biggest economies in the world, like China and India, and a growing middle class means they're less reliant on exporting to the West. Domestic consumption and the growing use of technology could help drive the next phase of their growth. We think Asia is home to plenty of good investment opportunities but it's a higher-risk area to invest so a long-term approach is needed.

Performance Analysis

Since August 1996 when Flavia Cheong started managing this fund, it’s outperformed the IA Asia Pacific sector average return. It has also outperformed the regional benchmark.

More recently though, the fund’s performance has struggled. Over the past decade, it’s failed to outperform its benchmark and the IA sector average. Given their focus on ‘quality’ companies, we would typically have expected the fund to hold up better when markets fall, but the fund hasn’t met these expectations in recent years.

Investment Philosophy

The team's investment philosophy is based on 'long-term quality'. They believe most investors underestimate the sustainability of returns that many high-quality companies can make. They aim to find companies which can generate long-term growth, that have been overlooked by others, and hold onto them for many years.

Process and Portfolio Construction

Companies in good financial health, run by robust and trustworthy management teams are favoured by the team. They often look for a change that could help boost profits in future, such as a new product or change in the use of technology. They sometimes invest in out-of-favour companies that can be bought at a more attractive share price.

Meeting company management is important to the team. They can typically do this regularly as team members are based throughout Asia. They also like to engage with companies on environmental, social and governance (ESG) issues that could lead to better outcomes for both investors and society over the long run.

question mark Manager Track Record Based on HL Quantitative Research

  • abrdn Asia Pacific Equity Fund A...
  • IA Asia Pacific (Excluding Japan)
FROM: TO:


Source: Refinitiv Lipper

Fund Track Record

22/11/19 to 22/11/20 22/11/20 to 22/11/21 22/11/21 to 22/11/22 22/11/22 to 22/11/23 22/11/23 to 22/11/24
Annual return 21.48% 7.02% -14.34% -6.05% 11.13%

Please remember past performance is not a guide to future returns. Where no data is shown, figures are not available. This information is provided to help you choose your own investments, remember they can fall as well as rise in value so you may not get back the original amount invested.

Fund Management Group Comment

Information about the fund

Fund manager biography

Manager Name: Asia Pacific Equity Team
Manager start date: 1 April 1987
Manager located in: Singapore

Asia Pacific Equity Team

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Benchmark data provided subject to this disclaimer.
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account
Invest now