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Ranking
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Sector:
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Far East-Equity-General |
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Size:
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$75 240 000 |
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Sector Rank:
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6 out of 17 |
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(lump sum over 3 years to 30 Apr 2004)
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Overall Rank:
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38 out of 243 |
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(lump sum over 3 years to 30 Apr 2004)
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| R20000 invested on 30 Apr 2001 was worth R24 052 at 30 Apr 2004 |
(6.34% annual compound return)
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| R5000 per month since 30 Apr 2001 was worth R200 978 at 30 Apr 2004 |
(7.05% annual return compounded monthly)
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| Please note that offshore fund performance figures are calculated from NAV prices (ie, equivalent to sell-to-sell) and therefore not directly comparable to domestic fund performance figures on this site. |
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Management
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| Mark Breedon, MA |
| Mark is a portfolio manager at Investec Asset Management with responsibility for the growth equity capability, and for the Investec Growth Fund unit trust. He joined the company in 2003. Mark began his career in 1976 when he joined Vickers da Costa as a European equity analyst before being promoted to Head of European Equity Research. In 1980, he moved to First Chicago (later to become Brinson Partners), where he used core investment strategy to successfully manage European portfolios for institutional clients. From 1986, Mark served at Alliance Capital as a portfolio manager responsible for numerous mutual funds. His responsibilities also included the development and implementation of investment strategies for global, international, emerging market and country-specific portfolios. Mark served on the Board of Directors for Alliance Capital, London, South Africa and Cairo, and spearheaded the company’s socially responsible investment products. Mark was responsible for establishing and managing the Southern African Fund (SOA) from 1996, which has a long and outstanding track record. Mark has extensive expertise in Africa managing portfolios in Kenya, Botswana, Egypt, in addition to building Alliance Capital’s business in South Africa. Mark holds a Bachelor of Arts (Economics) degree. |
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Focus and Objective
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The fund aims to achieve long-term capital appreciate through investment in quoted equity and equity-related instruments of companies listed on the Asian stock exchanges excluding those of Japan. The fund will invest primarily in the markets of Hong Kong, Singapore, Malaysia, Taiwan, Korea and India but may also invest in the region's other markets such as Australia, New Zealand, China and Indonesia. The fund will invest primarily in companies that are providing the hardware for the digital age, companies that are access providers in Asia, or companies that are embracing new technology to gain competitive advantage.
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Technical overview
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| Formation Date: |
01 Jun 1984 |
| Original Price: |
2 300.00 |
| Pricing System: |
Forward |
| Base Currency: |
$ |
| Domicile: |
Guernsey |
| Rollup Fund: |
No |
| Benchmark: |
Micropal OS EQ FE & Pac ex Japan |
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Top holdings on 31 Mar 2004
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Share (Sector)
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Value
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% of fund
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| SAMSUNG (Goods & Services) |
$7 328 376 |
9.74% |
| SINGAPORETELE (Telecom) |
$2 031 480 |
2.70% |
| CHEUNGKONG (Cyclical Goods & Services) |
$2 016 432 |
2.68% |
| SKTELECOM (Telecom) |
$1 911 096 |
2.54% |
| HUTCHISONWHM (Goods & Services) |
$1 813 284 |
2.41% |
| CHINAMOBILE (Telecom) |
$1 722 996 |
2.29% |
| TAIWANSEMICON (Technology) |
$1 715 472 |
2.28% |
| HONHAIPRESCIS (Cyclical Goods & Services) |
$1 677 852 |
2.23% |
| AUOPTRONICS (Cyclical Goods & Services) |
$1 602 612 |
2.13% |
| HYUNDAI (Auto) |
$1 587 564 |
2.11% |
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TOTALS
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$23 407 164
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31.11%
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