Offshore Funds (UCITS)

Asia Pacific Franchise

About the Fund

The expanding opportunity set in Asia, we believe, provides a highly investable, liquid and diverse group of exceptional quality companies.

Key points:

  • We seek to invest in high quality low debt market-leading companies that possess enduring franchises with resilience and structural growth potential
  • The rise of the consumer across Asia has coincided with the emergence of brands that are not only Asia-focused but global leaders, with much less sensitivity to their local markets
  • Differentiated philosophy seeks to offer significant diversification benefits
  • A high conviction portfolio which seeks long term outperformance whilst rewarding in up markets and protecting in down markets
  • Managed by Charlie Dutton, who has over 20 years’ experience investing in Asian equities, the Fund has delivered attractive performance since inception

Objective

Investment objective summary

  • The Fund aims to provide capital growth (i.e. to grow the value of your investment) with the opportunity for income over the long-term.
      • The Fund invests primarily in equities (e.g. shares of companies) established and listed on a recognised exchange in Asia Pacific, excluding Japan. The Fund may invest primarily in the markets of Australia, Hong Kong, Singapore, Malaysia, Thailand, Taiwan, South Korea, the Philippines, Indonesia, China, India, New Zealand and Vietnam.
      • The Fund promotes environmental and social characteristics in line with Article 8 of the EU Sustainable Finance Disclosure Regulation (SFDR). The Fund will not invest in certain sectors or investments. Over time, the Investment Manager may, in accordance with the Fund’s investment policy, apply additional exclusions to be disclosed on the website, as they are implemented.

      Fund features

      • Concentrated Asian capital growth fund
      Mendy Zhang
      Portfolio Manager
      Mendy is a portfolio manager in Ninety One's Quality investment team based in London. She is...

      Performance & returns

      Literature

      Portfolio & Holdings

      Date as of 30/04/2026
      Fund
      Index
      China*
      29
      Emerging Markets
      63.3
      Far East ex Japan
      21.7
      Taiwan
      16
      Hong Kong
      13.2
      Europe ex UK
      8.8
      United States
      3.7
      South Korea
      9.6
      Australia
      6.7
      India
      6
      Netherlands
      4.8
      United States
      3.7
      Vietnam
      2.7
      France
      2.2
      Finland
      1.8
      Singapore
      1.8
      Indonesia
      Malaysia
      New Zealand
      Philippines
      Thailand
      Cash and near cash
      2.5
      Cash and near cash
      2.5
      *Offshore and/or Mainland

      We recommend that you seek independent financial advice to ensure this Fund is suitable for your investment needs.

      All the information contained in this communication is believed to be reliable but may be inaccurate or incomplete. Any opinions stated are honestly held but are not guaranteed and should not be relied upon.

      This communication is provided for general information only. It is not an invitation to make an investment nor does it constitute an offer for sale. The full documentation that should be considered before making an investment, including the Prospectus and Key Investor Information Documents, which set out the Fund specific risks, are available from Ninety One. This Fund should be considered as a long-term investment.

      Performance data source: © Morningstar, NAV based, (net of fees, excluding initial charges), total return, in the share class dealing currency. Performance would be lower had initial charges been included as an initial charge of up to 5% (10% for S shares) may be applied to your investment. This means that for an investment of $1,000, where the initial charge equals 5%, $950 ($900 for S shares) would actually be invested in the Fund. Returns to individual investors will vary in accordance with their personal tax status and tax domicile.

      For a full description of the Morningstar rating for funds, please see the attached guide. A rating is not a recommendation to buy, sell or hold a guide.

      The overall rating for a fund, often called the ‘star rating’, is a third party rating derived from a quantitative methodology that rates funds based on an enhanced Morningstar™ Risk-Adjusted Return measure. ‘Star ratings’ run from 1 star (lowest) to 5 stars (highest) and are reviewed at the end of every calendar month. The various funds are ranked by their Morningstar™ Risk-Adjusted Return scores and relevant stars are assigned. It is important to note that individual shareclasses of each fund are evaluated separately and their ratings may differ depending on the launch date, fees and expenses relevant to the shareclass. In order to achieve a rating the share class of a fund must have a minimum three-year performance track record.

      The portfolio may change significantly over a short period of time. This is not a buy or sell recommendation for any particular security. Figures may not always sum to 100 due to rounding. 

      For an explanation of statistical terms, please see our glossary.