A long regarded stalwart in the sector, the First State Asia Pacific Leaders Fund remains a top pick for investors who wish to gain exposure to Pacific companies with strong downside protection and returns over the long term.
The investment process leverages the team’s experience, and the size of the team allows for full coverage of the market. Instead of relying on short term broker research or backwards looking data, ideas are primarily generated from their own qualitatively maintained followed list. The process is designed to produce a concentrated, conviction driven portfolio that searches out companies with sustainable long term earnings growth, which has resulted in a structural growth bias. However, on an underlying investment basis, we see a good spread of opportunities from deep-value to high growth.
We like the fund for its robust and repeatable investment process, its ability to protect value in falling markets, and the experience of the team. In addition the fund is competitively priced with an OCF of 0.90% with no performance fee.