Interactive Investor

Fund to watch: Schroder Asian Income Maximiser

27th January 2015 10:41

by Rob Griffin from interactive investor

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Providing income with the potential for capital growth is the main objective of the Schroder Asian Income Maximiser fund, which celebrates its fifth anniversary in June 2015.

The fund, which aims to deliver a target yield of 7% a year, has been managed since launch by Thomas See and Richard Sennitt.

It currently has 73 holdings, according to the latest fund factsheet, with the 10 largest making up a combined total of 31.2% of assets under management.

This list includes household names such as Taiwan Semiconductor Manufacturing, HSBC Holdings, China Petroleum & Chemical and Hyundai Motor.

As can be seen, the companies hail from a broad cross-section of sectors, with financials accounting for the lion's share of 33.1% - as well as HSBC, you'll find the Bank of China (Hong Kong) and Bangkok Bank in its top 10 holdings.

Information technology (14.2%) is the next most prominent sector, followed by industrials (12.2%), consumer discretionary (11.9%) and materials (11.1%).

From a country perspective, Hong Kong has the largest representation of 25.1%, followed by Australia (23.3%), Singapore (13.7%) and Taiwan (13.6%).

Patrick Connolly, IFA at Chase de Vere, is a fan of the fund's approach. "It naturally invests in good quality companies, which should perform well in the long term as these companies are more likely to pay consistent dividends," he says.

This article is for information and discussion purposes only and does not form a recommendation to invest or otherwise. The value of an investment may fall. The investments referred to in this article may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser.

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