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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 30/Sep)-2.023.7

* Benchmark: MSCI Asia USD

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Performance Overview

Insights

05 Oct 2026

MARKETS IN A NUTSHELL — FOR SEPTEMBER 2026

US President Donald Trump wants America to have the world’s lowest interest rates. However, in September his chosen Federal Reserve chairman raised them. Concurrently, US government bonds suffered their worst month…

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03 Sep 2026

MARKETS IN A NUTSHELL — FOR AUGUST 2026

America’s national debt surpassed an eye-popping $40 trillion last month. The country still runs a budget deficit of around 6% of GDP, unusually large for an economy that is growing. Interest on past borrowing now…

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