The BNY Mellon Asian Equity Fund follows an unconstrained, concentrated stock picking approach within a thematic framework and is managed by Jason Pidcock, director of Asian Pacific ex-Japan equities at Newton Investment Management. Newton is ideally placed to manage the fund as its thematic approach to investment is ideally suited to today's dynamic Asian markets.
Fund highlights:
Managed by top-tier London asset management firm, Newton.
Invests in developed countries benefiting from the region's growth (Australia, New Zealand and Singapore) and developing ones (China, Taiwan and Korea)
Multi-cap non-index driven portfolio where extreme bets are avoided
Concentrated portfolio of 60-70 stocks with no use of gearing, hedging or derivatives
Exposure to Asia's growth industries. Selects stocks with growth potential but at reasonable prices
Favours investment in efficient Asian companies with a good business model and strong corporate governance policies
Research and stock selection are driven by the global themes identified by Newton's investment team
Although there are no specific tracking error parameters defined, this is monitored extensively and used as a tool in risk control
Investment objective
To achieve long-term capital growth through investment primarily (meaning at least two thirds of the sub-funds assets) in a portfolio of equity and up to one third of the sub-fund's assets in a portfolio of equity related securities of companies located in Asia (excluding Japan) or deriving a preponderant part of their income therefrom.
General information
Total net assets (million)
$ 640.31
Lipper sector
UK Offshore - Far East Excl Japan
Index
MSCI AC Asia Pac ex Japan
Fund domicile
Dublin
Fund type
ICVC
Fund manager
Jason Pidcock
Alternate
Ewan Markson-Brown
Base currency
USD
Currencies available
EUR, USD, GBP
Key dates
Fund launch
29 Jan 1988
Close of financial year
31 Dec
BNY Mellon Asset Management Company
Newton Investment Management: Newton pursues a distinctive global thematic investment approach and provides added value from extensive proprietary research.
DE, NL, IT, GUE, UK, FR, CH, NO, CL, BE, JER, ES, GIB, AT
Shareclass EUR C
General
Share class launch date
26 Mar 2002
Minimum investment
€ 5,000,000
Annual management charge
1.00%
Maximum initial charge
5.00%
Codes
ISIN
IE0003852575
Bloomberg
MELADCE ID
Sedol
0385257
Valoren
CH1331920
WKN
693813
Registered for sale in:
DE, NL, IT, GUE, UK, FR, CH, NO, JER, ES, GIB, AT, IRL
Shareclass USD A
General
Share class launch date
10 Dec 2001
Minimum investment
$ 5,000
Annual management charge
2.00%
Maximum initial charge
5.00%
Codes
ISIN
IE0003795394
Bloomberg
MELADA1 ID
Sedol
0379539
Valoren
CH1331895
WKN
798089
Registered for sale in:
DE, NL, IT, GUE, PT, UK, FR, CH, NO, JER, HK, ES, GIB, IRL
Shareclass USD C
General
Share class launch date
19 Dec 2001
Minimum investment
$ 5,000,000
Annual management charge
1.00%
Maximum initial charge
5.00%
Codes
ISIN
IE0003852799
Bloomberg
MELADC1 ID
Sedol
0385279
Valoren
CH1331928
WKN
798091
Registered for sale in:
DE, NL, GUE, UK, FR, CH, NO, IE, JER, HK, ES, GIB, AT
Fund Specific Important Information
Performance record over 5 years
Source: Lipper as at 31 July 2010. Total Return, including annual charges but excluding initial charges, income reinvested gross of tax. Performance history is given in Fund - USD A share class currency.
69.17
BNY Mellon Asian Equity Fund
66.83
MSCI AC Asia Pac ex Japan
Performanceto
Annualised
1 month
3 months
6 months
YTD
1 year
3 years
5 years
3 years
5 years
Source: Lipper as at 31 July 2010. Total Return, including annual charges but excluding initial charges, income reinvested gross of tax. Performance history is given in share class currency.
Fund - USD A share class
7.34
-1.59
9.82
2.48
16.09
-3.43
69.17
-1.16
11.07
Fund - USD C share class
7.42
-1.34
10.37
3.07
17.24
-0.50
77.82
-0.17
12.19
MSCI AC Asia Pacific ex Japan USD
7.46
-3.35
6.73
0.01
16.08
-6.97
66.83
-2.38
10.77
Sector average
6.93
-2.33
6.98
0.48
13.96
-9.78
59.06
-3.53
9.58
Fund - EUR A share class
1.44
0.78
17.96
13.52
26.33
1.84
57.50
0.61
9.50
Fund - EUR C share class
1.52
1.03
18.54
14.15
27.44
4.81
65.37
1.58
10.57
MSCI AC Asia Pacific ex Japan USD
1.03
-1.35
13.87
10.14
26.32
-2.25
55.54
-0.75
9.23
Sector average
0.54
-0.32
14.13
10.66
24.01
-5.21
48.30
-1.92
8.06
Ranking of fund in sector
47
48
20
30
33
26
22
26
22
No. of funds in sector
127
127
127
127
125
103
75
103
75
Quartile rank
2
2
1
1
2
1
2
1
2
Statutory performance data updated quarterly
From
30 Jun 09
30 Jun 08
29 Jun 07
30 Jun 06
30 Jun 05
To
30 Jun 10
30 Jun 09
30 Jun 08
29 Jun 07
30 Jun 06
Source: Lipper as at 31 July 2010. Total Return, including annual charges but excluding initial charges, income reinvested gross of tax.
Performance history is given in Fund - USD A share class currency.
Fund
18.9%
-24.3%
2.3%
41.1%
30.3%
Calendar Performance
2009
2008
2007
2006
2005
Source: Lipper as at 31 July 2010. Total Return, including annual charges but excluding initial charges, income reinvested gross of tax. Performance history is given in Fund - USD A share class currency.
Fund
62.04
-49.03
37.88
33.03
21.44
Index
73.66
-51.63
37.19
33.20
21.01
Quartile Rank
3
2
2
2
2
Asset allocation
Asset allocation - industry
Holdings and Risk
Top 10 holdings
%
Noble Group Ltd
5.7
Belle Intl Holdings Ltd
5.7
Standard Chartered PLC
5.4
BHP Billiton PLC
5.3
Parkway Holdings Ltd
4.5
Hengan Intl Group Co Ltd
4.4
Newcrest Mining Ltd
4.4
Taiwan Semiconductor Manufacturing
4.3
HTC Corporation
3.9
Santos Ltd
3.8
Portfolio holdings are subject to change at any time without notice, are for information purposes only and should not be construed as investment recommendations.
