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Schroder Asian Discovery Class Z - Income (GBP)

Sell:108.90p Buy:108.90p Change: 0.40p (0.37%)
Prices as at 20 December 2024
Sell:108.90p
Buy:108.90p
Change: 0.40p (0.37%)
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:108.90p
Buy:108.90p
Change: 0.40p (0.37%)
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.

This fund invests in smaller businesses that are based in Asian and emerging markets or make most of their money in these areas. Smaller and more innovative businesses offer lots of growth potential, but they are higher risk because they are at an earlier stage of their development. The fund could therefore be used in a portfolio that is able to accept more volatility in search of higher potential long term returns. We think it could fit well with Asian and emerging markets funds focused on larger firms, or as part of a broader global portfolio, but should only form a smaller part of an investment portfolio.

Robin Parbrook is a veteran investor in Asia and has co-managed this fund since the start of 2021. He joined Schroders in 1990 and has spent a large part of his investment career living in Asia. Whilst he no longer lives in the region, he still spends several months a year there meeting companies. Along with this fund, he also manages other investments in Asia with a similar investment process and we feel he can comfortably handle these responsibilities..

He works alongside co-manager Alex Deane who assumed responsibilities at the same time as Parbrook. Before joining Schroders in 2015, he was an analyst at Rothschild & Co and Berenberg. Deane has relevant analyst experience with global and Asian smaller companies and is starting to build a track record of his own. We are continuing to get to know Deane as an investor but currently our key conviction lies with Parbrook.

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

Robin Parbrook joined Schroders in 1990 and managed funds investing in Asia since the early 2000s. Most recently he has managed the Schroder Asian Total Return Fund since 2007 and over this time has performed significantly better than the broader Asian stock market. He has also managed the Schroder Asian Total Return Investment Trust since 2013.

The managers tend to focus on Asian countries they think are relatively more stable, such as Hong Kong, India and Taiwan. So, this could help when these markets perform well, though the reverse is also true. A focus on smaller companies has the potential to boost growth but increase volatility compared with funds focused on larger companies.

Investment Philosophy

The managers look for companies that offer lots of growth potential but have so far been missed by most investors. They like it when they are at an early stage of their development and could benefit from using new technologies or by developing exciting new products.

Process and Portfolio Construction

Robin Parbrook and Alex Deane work closely with Schroders' Asian and smaller companies teams to help come up with ideas for the fund. They like companies supported by healthy finances, with superior corporate governance standards, which are run by quality management teams. They are prepared to be patient and invest in companies for the long term as they start to grow into larger firms.

Many developing economies are gradually switching from being export-led to focusing on domestic consumption, and the fund is focused on areas that could benefit from greater consumer spending. It is also focused on some of the relatively more stable Asian countries, including Hong Kong, India and Taiwan, though other high-risk emerging countries, such as Brazil and Mexico, also feature in the fund.

question mark Manager Track Record Based on HL Quantitative Research

  • Schroder Asian Discovery Fund A Acc
  • IA Asia Pacific (Excluding Japan)
FROM: TO:


Source: Refinitiv Lipper

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 14.65% 18.68% -13.83% 8.53% 15.94%

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

Schroders is a member of the FTSE 100 Index and it focuses almost entirely on asset management for institutional, retail and private clients. Schroder funds incorporate all asset classes, including equities, fixed income and alternative investments. Schroder's fund managers draw on the detailed stock analysis from the group's analysts worldwide. The company has developed under stable ownership for over 200 years and long-term thinking governs its approach to investing, building client relationships and growing their business. In 2013 Schroders merged with Cazenove Capital Management to create one of the UK's largest private banking and wealth management houses.

Information about the fund

Fund manager biography

Manager Name: Alex Deane
Manager start date: 31 December 2020
Manager located in: TBC

TBC

Manager Name: Robin Parbrook
Manager start date: 31 December 2020
Manager located in: TBC

TBC

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