Asia Pacific equities

Our value-based investment philosophy and disciplined investment process has been in place for over 30 years, and applied to the Asia Pacific region for over 14 years.

Our Asia Pacific capability covers three equity strategies – Asia ex-Japan, Asia Pacific ex-Japan and Pacific Developed ex-Japan.

At the heart of our investment philosophy is our bottom-up stock selection approach, which is driven by in-depth analysis and estimates, prepared by our experienced team of investment professionals.

We use this internal research to help us identify companies in the Asian region that are currently trading at an attractive discount to their true underlying value. These companies may have fallen out of favour with investors in the short-term due to an adverse market event such as a company-specific announcement, profit downgrade or negative growth outlook.

We know from our decades of experience that the market, more often than not, overreacts to many of these short-term events. That’s why we always take a long-term view, as it allows us to look through this short-term ‘noise’ and invest in good companies at attractive prices. It’s an investment approach that is described as contrarian, given we tend to avoid those companies that are seen as ‘market favourites’.

Asia Pacific equities
Investment philosophy and process

Performance

Fund As at date 1 mth
%
3 mths
%
1 yr
% p.a.
3 yrs
% p.a.
4 yrs
% p.a.
5 yrs
% p.a.
Since inception
% p.a.
Inception
date
Asia Pacific equities
Asian Investment Trust 30/11/2018 -0.1 -9.0 -3.8 8.6 7.2 8.6 10.1 Oct 2002
Asia Pacific Trust 30/11/2018 -1.5 -10.0 -3.2 9.3 7.9 8.7 9.4 Apr 2004
Australia Plus Asia Trust 30/11/2018 -2.6 -9.5 -4.5 6.7 4.5 4.0 5.8 Dec 2005
Please note that the figures above represent past performance, and past performance is not a reliable indicator of future performance. Returns are volatile and may fluctuate quickly and significantly. Neither Maple-Brown Abbott Limited nor any other person makes any representation nor gives any guarantee as to the future performance or success of, the rate of income or capital return from, recovery of money invested in, or income tax or other taxation consequences of, any investment in the trusts shown on this website. Please refer to relevant Fund above for an explanation of how the performance figures are calculated.

Unit prices

Fund Date Redemption price Net asset value Application price
Asia Pacific equities
Asian Investment Trust 13/12/2018 $   1.1590 $   1.1632 $   1.1674
Asia Pacific Trust 13/12/2018 $   1.4410 $   1.4458 $   1.4506
Australia Plus Asia Trust 13/12/2018 $   1.0638 $   1.0663 $   1.0688

Distributions

Fund Date Cents per unit Div 12-H Summary Tax Component Summary
Asia Pacific equities
Asian Investment Trust 30/09/2018 0.8717 ¢ Div 12-H Summary n/a
Asia Pacific Trust 30/06/2018 16.7911 ¢ Div 12-H Summary n/a
Australia Plus Asia Trust 30/09/2018 1.9612 ¢ Div 12-H Summary n/a

Fact Sheets

Offer Documents

Fees and Costs

Management Costs *

Fund Base
Fee
% 1 & 2
Performance
Fee
% 3
Indirect
Costs
% 3
Recoverable
Expenses
% 3
Total

%
Asia Pacific equities
Asian Investment Trust 1.03 n/a n/a 0.04 1.07
Asia Pacific Trust 1.02 n/a n/a 0.17 1.19
Australia Plus Asia Trust 0.48 0.00 n/a 0.02 0.50
1) Unless otherwise stated, all fees are quoted on a GST inclusive basis and net of any applicable Reduced Input Tax Credits.

2) The base fee is the fee that we charge for managing the assets and overseeing the operations of the Fund, expressed as a percentage of the net asset value of the Fund.

3) All other components of the management costs are based on the performance fee, indirect costs and recoverable expenses incurred during the prior financial year ended 30 June, expressed as a percentage of the net asset value of the Fund. Please refer to relevant Fund above for an explanation of the components of management costs.

* Fees may be negotiated if you are a wholesale investor as defined in the Corporations Act 2001 (Cth).


Transactional and Operational Costs *

Fund Total transactional and
operational costs
% 1
Less buy-sell
spread recovery
%
Net transactional and
operational costs
%
Asia Pacific equities
Asian Investment Trust 0.26 0.09 0.17
Asia Pacific Trust 0.20 0.04 0.16

1) Based on the estimated costs incurred during the prior financial year ended 30 June, expressed as a percentage of the average Fund net asset value.


* Please refer to relevant Fund above for an explanation of the Transactional and Operational Costs.



Buy / Sell Spreads *

Fund Total spread
%
Asia Pacific equities
Asian Investment Trust 0.36 / 0.36
Asia Pacific Trust 0.33 / 0.33
Australia Plus Asia Trust 0.23 / 0.23

* The buy-sell spread is an additional cost to you. This ensures existing investors are not disadvantaged due to the costs associated with buying or selling the Fund’s investments as a result of applications and withdrawals.


1)
Wholesale investment only
The buy-sell spread is an additional cost to you. This ensures existing investors are not disadvantaged due to the costs associated with buying or selling the Fund’s investments as a result of wholesale applications and withdrawals.

Retail investment only
There is no buy-sell spread for the ordinary class. Existing investors may be disadvantaged due to the costs associated with buying or selling the Fund’s investments as a result of retail applications and withdrawals.

Forms

Reasons to invest with us