|Bid Price||-||Offer Price||-|
|Mid Price||GBX 56.18||Day Change||GBX -0.52 (-0.92%)|
|Price Date||28 Jun 2017||Crown Rating|
|Shares Class||Inc.||Yield||6.92 %|
|Total Expense Ratio||0.00||Fund Size||355,535,200.00|
|Launch Date||01/06/2010||Standard Initial Charge (%)||0.00|
|Annual Management Charge (%)||0.68||Sector||IMA UK Equity Income|
|Min Investment (£)||0.00||Total Expense Ratio (%)||0.00|
|ISIN||GB00BDD29F14||Min TopUp (£)||0.00|
The fund aims to provide income and capital growth by investing in equities of Asian companies, excluding Japan. The fund aims to deliver a target income of 7% per year but this cannot be guaranteed and could change depending on market conditions. The fund invests least 80% of its assets in equities of Asian companies excluding Japan which are selected for their long term income and capital growth potential. The fund generates its income from two sources; dividends received from shares in companies; and cash received from selling some of the potential capital growth on the fund's holdings on a rolling basis using derivatives. The fund may also invest in collective investment schemes and warrants, and hold cash. The fund may use derivatives with the aim of achieving investment gains, reducing risk or managing the fund more efficiently. The fund's investment strategy will typically underperform a similar portfolio without derivatives in periods when the underlying stock prices are rising, and outperform when the underlying stock prices are falling.
Richard Sennitt joined Schroders in 1993, initially as an Analyst on the Japanese Desk, before moving onto the Pacific Basin team at the start of 1997. Since then he has had a broad exposure to the emerging and developed Pacific markets as a regional Fund Manager managing money for UK and North American clients.
Mike Hodgson is Head of Risk Managed Investments & Structuring at Schroders and has over 25 years of experience in financial markets. At Royal Bank of Scotland (formerly of ABN AMRO) he was Global Head of Equity Derivatives Structuring and Head of Fund Derivatives Trading and Structuring.