Maple-Brown Abbott Asian Investment Trust

The Fund is an actively managed fund that invests in the Asia region excluding Japan. We may also invest in stocks listed outside Asia that conduct the majority of their operations in Asia. The Fund offers investors exposure to a diversified portfolio by country and industry sectors. The Fund is focused on companies that have strong balance sheets, free cash flow generation and good corporate governance. We will only invest in a company where we assess the discount to intrinsic value is sufficiently attractive. The Fund typically holds between 40–60 stocks.

Investment objective

The Fund aims to outperform the MSCI All Countries Asia Excluding Japan Net Index (AUD) over rolling four year periods.

Fund facts
Inception date25/10/2002Distribution frequencyQuarterly
BenchmarkMSCI All Countries Asia Excluding Japan Net Index (AUD)Minimum initial application$ 20,000
APIR codeMPL0003AUManagement costs %1.08
Pricing frequency & cut-offDaily / 2pm Sydney time on a Business DayBuy/Sell spread %0.24 / 0.24

Fund benefits

Investment expertise

The Fund is managed by a dedicated and experienced team of Asian equity specialists.

Investment growth and distributions

The Fund aims to deliver long term capital growth, along with the potential to receive quarterly distributions.

Broader investment opportunities

The Fund provides access to investment opportunities, markets and risk management techniques not generally available to individual investors.

Portfolio managers

A team of experienced and dedicated investment professionals

Geoffrey Bazzan
Head of Asia Pacific Equities
Will Main
Portfolio Manager, Asian Equities

Fund performance^

as at 31/12/2020

1 mth %3 mths %1 yr % p.a.3 yrs % p.a.4 yrs % p.a.5 yrs % p.a.Since inception % p.a.*
Fund3.015.11.54.28.89.29.9
Benchmark2.010.213.98.613.912.39.4
From
To

^Past performance is not a reliable indicator of future performance. No warranty can be given for future performance. Returns are volatile and may fluctuate quickly and significantly. Total return is based on the movement in net asset value per unit plus distributions and is before tax and after all fees and charges. Foreign tax credits are not included in the performance figures.
Source: Maple-Brown Abbott and MSCI
* Inception date is 25 October 2002.
The MSCI information may only be used for your internal use, may not be reproduced or redisseminated in any form and may not be used as a basis for or a component of any financial instruments or products or indices. None of the MSCI information is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such. Historical data and analysis should not be taken as an indication or guarantee of any future performance analysis, forecast or prediction. The MSCI information is provided on an “as is” basis and the user of this information assumes the entire risk of any use made of this information. MSCI, each of its affiliates and each other person involved in or related to compiling, computing or creating any MSCI information (collectively, the “MSCI Parties”) expressly disclaims all warranties (including, without limitation, any warranties of originality, accuracy, completeness, timeliness, non-infringement merchantability and fitness for a particular purpose) with respect to this information. Without limiting any of the foregoing, in no event shall any MSCI Party have any liability for any direct, indirect, special, incidental, punitive, consequential (including, without limitation, lost profits) or any other damages. (www.msci.com)

Unit price

as at 21/01/2021

Download unit price history
Redemption priceNet asset valueApplication price
$ 1.1647$ 1.1675$ 1.1703
DateCents per unitReinvestment priceDiv 12-H summaryTaxable component summary
31/12/20200.9419 ¢1.0722 ¢

Forms & fund information

Fund ratings 

Rating/recommendation

The Zenith Investment Partners (ABN 27 103 132 672, AFS Licence 226872) (“Zenith”) rating (assigned 29/10/2020) referred to in this document is limited to “General Advice” (s766B Corporations Act 2001) for Wholesale clients only. This advice has been prepared without taking into account the objectives, financial situation or needs of any individual and is subject to change at any time without prior notice. It is not a specific recommendation to purchase, sell or hold the relevant product(s). Investors should seek independent financial advice before making an investment decision and should consider the appropriateness of this advice in light of their own objectives, financial situation and needs. Investors should obtain a copy of, and consider the PDS or offer document before making any decision and refer to the full Zenith Product Assessment available on the Zenith website. Past performance is not an indication of future performance. Zenith usually charges the product issuer, fund manager or related party to conduct Product Assessments. Full details regarding Zenith’s methodology, ratings definitions and regulatory compliance are available on our Product Assessments and at http://www.zenithpartners. com.au/RegulatoryGuidelines.


Proxy voting outcomes 

The table below shows how we have exercised our vote for Asian listed shares held in the Asian Investment Trust for FY2020.


MeetingsResolutionsVoted ForVoted AgainstAbstained
Number 84654593565
%1001009191

The data above has been adjusted for shareholder sponsored resolutions. Of the 56 "against" votes, 2% related to the election of a Director and 98% related to other governance.


Fees & costs

Management costs % p.a.Net transactional and operational costs % p.a*Buy/Sell spread %
1.060.220.24 / 0.24

* Transactional and operational costs vary year to year and represent the estimated costs from the fund’s investing activities. These are reflected in the unit price an impact the performance of the fund. These costs include brokerage, settlement costs, clearing costs, stamp duty and other taxes on an investment transaction. It also includes the difference between the price paid for purchasing securities and the price that would be payable if selling securities (i.e. bid/ask spread). These costs are net of the buy-sell spread recovery which is the amount charged to investors for applications and withdrawals. The transactional and operational costs are generally calculated each year 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, however the transactional and operational costs will also be recalculated when there is a significant change in net transactional and operational costs.

Interested in investing with us?