Uncovering new opportunities in Asia

 

What Macquarie Asia New Stars No.1 Fund offers

Access to Asia

Exposure to some of the world’s fastest growing economies

Risk managed approach

Focus on corporate governance and disciplined investment criteria

Proven track record

Strong long-term performance produced by a stable Asia-based investment team

All investments carry risk. Different investments carry different levels of risk, depending on the investment strategy and the underlying assets. Generally, the higher the potential return of an investment, the greater the risk.

The risks of investing in the fund include:

  • Investment risk: The fund has exposure to share markets.The risk of an investment in the fund is higher than an investment in a typical bank account or fixed income investment. Amounts distributed to unitholders may fluctuate, as may the fund’s unit price. The unit price may vary by material amounts, even over short periods of time, including during the period between a redemption request being made and the time the redemption unit price is calculated.
  • Small companies risk: The fund has exposure to companies generally considered small to medium in terms of market capitalisation. Companies within this sector of the market may include recently established entities with limited public information, or entities engaged in new-to-market concepts which may be speculative in nature. Shares in companies in this sector are generally less liquid and more volatile than those of larger companies. Small companies exposure may result in higher unit price volatility and an increased risk of loss.
  • Asian region risk: Investments in the Asian region are generally subject to a higher risk than investments in developed market economies. Many Asian countries may be considered emerging markets, and are exposed to risk factors including lower liquidity, the potential for political unrest, the increased likelihood of sovereign intervention, currency volatility, and increased legal risk. Investments in Asian markets therefore may experience increased asset price volatility, and incur higher currency, default, and liquidity risk.

For a full description of the risks of investing in the fund, you should read the Product Disclosure Statement before deciding to invest. 

Detailed fund information

Macquarie is one of Australia’s largest equities managers with over 30 years of experience managing portfolios. Our multilingual, Asian-based team applies disciplined investment criteria when selecting stocks. It also has a strong corporate governance and risk management focus.

The Macquarie Asia New Stars No.1 Fund aims to capture the potential capital growth of small and mid-sized companies in Asia (excluding Japan), and to provide some income.

The fund provides exposure to an actively managed portfolio of Asian equities. All securities are listed, or expected to be listed, on Asian exchanges, excluding Japan.

The fund may also provide exposure to:

  • equities that derive or are expected to derive a significant portion of their revenue from Asia, excluding Japan, listed on exchanges in the US and the UK
  • derivatives (including options, futures, warrants and forwards), and
  • cash.

The portfolio is actively managed using a combination of quantitative screening and an intensive fundamental research process.

The investment team aims to build a diversified portfolio of small and mid-sized companies by exploiting key inefficiencies in Asia (ex Japan) markets.

Our investment team uses quantitative screening followed by in-depth fundamental research to identify companies that:

  • rank highly on our quantitative screens
  • appear undervalued over the medium term
  • are leaders in attractive industries with a competitive advantage, and
  • are able to demonstrate strong management and corporate governance.

The in-depth fundamental research includes continuous interaction with company management, customers, competitors and suppliers.

The investment team also has a well-developed risk management system and a disciplined investment approach, which includes trying to attend at least 400 direct company meetings each year.

Management fee: 1.20% pa of the net asset value of the fund and inclusive of GST.

Performance fee: 20% of the cumulative outperformance of the fund (after management fee and expenses) above the return of the Index, subject to a 'high watermark' and inclusive of GST.

Read the Product Disclosure Statement for more details on fees and expenses that may be charged.

Generally annually

  • Zenith1 – Recommended

This report is only available to licensed financial advisers on request. Please contact your local BDM .

Available on:

  • Advantage
  • AMP Personalised Portfolio Service
  • Asgard
  • Australian Executor Trustees
  • BT Panorama
  • BT Wrap
  • FirstWrap
  • Hub 24
  • IOOF Pursuit
  • Macquarie Wrap
  • MLC Wrap
  • Netwealth
  • North

Asian Listed Equities – team changes

13 July 2018

While maintaining the investment philosophy and process that has successfully served our clients for a decade, our Asian Listed Equities team is evolving from a Co-Head business structure to a single Head role. This means that after ten years at Macquarie Sam Le Cornu, Co-Head of Asian Listed Equities, will depart the firm. Current Co-Head and Founder, John Bugg, will take sole responsibility for the business.

For more information please contact your local Business Development Manager.

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If you'd like to speak to a Macquarie Business Development Manager about how we can help, get in touch.

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