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Schroder Asian Alpha Plus Class L - Income (GBP)

Sell:112.90p Buy:112.90p Change: 0.30p (0.27%)
Prices as at 20 December 2024
Sell:112.90p
Buy:112.90p
Change: 0.30p (0.27%)
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 20 December 2024
Sell:112.90p
Buy:112.90p
Change: 0.30p (0.27%)
Prices as at 20 December 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 is on the Wealth Shortlist of funds our analysts believe have the potential to outperform their peers over the long term. However, this is not a recommendation to buy.

Richard Sennitt has been lead manager of the fund since March 2021 following the retirement of veteran investor and long-term colleague, Matthew Dobbs. Sennit joined Schroders in 1993 and has a wealth of experience investing in Asian markets.

Sennitt has managed the Schroder Asian Income Fund since 2001, as well as a few other Asian income portfolios that are run similarly. He was previously alternate manager of Asian Alpha Plus, so he knows the fund well.

Abbas Barkhordar became co-manager in 2021 when Dobbs retired. He joined Schroders in 2007, initially as an analyst on the Emerging Markets Equities team. While he has applicable analyst experience, this is Barkhordar's first fund manager role.

The managers also have access to a large team of analysts based across Asia. They help sift through the market and uncover what they believe to be the most promising opportunities.

We think this could be a good option within the Asian portion of a globally diversified portfolio. Investments in emerging markets add risk and the associated volatility should be considered when constructing a long-term portfolio.

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

Richard Sennitt has an extensive track record investing in Asia. He has managed the Schroder Asian Income Fund since 2001 which is different from this trust as it aims for income and growth. A similar process is used to find investment opportunities though and the universe of companies being researched is similar. As always, past performance is not a guide to future returns.

Over the long-term investors have seen strong relative returns. However, most of this performance can't be attributed to the current management duo. It's important to note that the fund's investment style means it can at times be more volatile than the average fund in the IA Asia Pacific ex Japan sector. We think the fund has good long-term prospects, though there are no guarantees how the fund will perform in future.

Investment Philosophy

The managers aim to spot Asian companies with exciting potential, before they're noticed by other investors. They believe they're able to do this thanks to the in-depth analysis carried out by their well-resourced investment team.

Process and Portfolio Construction

The managers work closely with Schroders' Asian equities team to help generate research and ideas for the fund. They look for companies they think can sustain returns over the long run. They should have good cash flows, strong franchises, a quality management team, superior corporate governance standards and a strong business model that's able to defend against competition. Next they aim to forecast the earnings of each business, which could ultimately influence the direction of the share price.

Importantly, the managers will only invest if a company's shares can be bought at a price that doesn't yet reflect its longer-term earnings potential.

At the moment the fund is focused on sectors that can be more sensitive to the health of the economy, but could benefit from longer-term trends such as the growing use of technology and online consumer spending. This means the fund is currently focused on sectors such as technology, financials and consumer services.

Please note the managers can use derivatives which, if used, adds risk. They mainly invest in larger firms, but they also have the ability to invest in higher-risk smaller companies.

question mark Manager Track Record Based on HL Quantitative Research

This information is currently unavailable.

Fund Track Record

20/12/19 to 20/12/20 20/12/20 to 20/12/21 20/12/21 to 20/12/22 20/12/22 to 20/12/23 20/12/23 to 20/12/24
Annual return 27.95% 0.25% -9.26% -2.30% 13.30%

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.

Information about the fund

Fund manager biography

manager photo
Manager Name: Richard Sennitt
Manager start date: 30 November 2007
Manager located in: London

- Joined Schroders in 1993 - Investment career commenced in 1993 - Currently a fund manager for Pacific Equity and Global Small Cap Equity accounts, based in London - In 2007, whilst maintaining specialist Pacific fund management responsibilities, Richard joined the Global Small Cap team. In 1997 he moved onto the Pacific team, where he had a broad exposure to both developed and emerging markets as a regional fund manager. Richard initially joined Schroders in 1993 as an analyst on the Japanese equity team - Associate member of the UK Society of Investment Professionals (UKSIP). Member of the CFA Institute - BA, Oxford University

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