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Asia ex-Japan

For investors with a higher risk profile seeking exposure to a diversified portfolio of listed Asian equities, excluding Japan.

OVERVIEW

The strategy seeks to outperform MSCI All Country Asia ex-Japan net total return (USD) Index over full market cycles, without undue risk to the capital.

STRATEGY

To achieve its goal, the strategy seeks to invest in quality Asia ex-Japan equities that present long-term investment value. It may include equities listed outside Asia but whose businesses are predominantly focused on the Asia ex-Japan region. The fund is actively managed and not constrained by the benchmark in its portfolio positioning and may have a substantial proportion of its portfolio invested in Chinese securities.

Long-term returns

Historic investment returns
YearFund Return %All Country Asia ex-Japan %
2021 (from 27/Jul)-7.9-4.0
2022-5.4-21.3
2023-3.81.6
202417.39.4
202532.928.8
2026 (to 31/Jul)0.820.6

* Benchmark: MSCI Asia USD

Document downloads

Performance Overview

Insights

13 Aug 2026

What matters more than getting market forecasts right? 

Dalphin Hou and Brian Arcese unpack why successful investing is less about calling the next market move and more about being prepared for a range of outcomes. Join the conversation on what inflation, interest rates…

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04 Aug 2026

MARKETS IN A NUTSHELL — FOR JULY 2026

July brought an uneasy sense of déjà vu to markets. The fragile ceasefire between America and Iran collapsed, missile exchanges resumed and the Strait of Hormuz was once again closed to traffic. Iran struck tankers…

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