China's growth story continues but it pays to be wary, warns Matthew Dobbs, manager of Schroders Asian Alpha Plus Fund. The £196.8m fund focuses on capital growth through investment in Asia, ex-Japan. Although 2011 was challenging, the fund lies second out of 66 funds in the regional sector, and produced a cumulative three-year return of 147.9% against the regional index of 86.8%.
The 55-stock fund played aggressively on IT last year "a counter-intuitive position but [which] proved absolutely right and made us quite a lot of money in the second half", Dobbs told Investment Week.
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Schroders Asian Alpha PlusFund top ten holdings
| Samsung Electronics | 5.8% |
| Jardine Strategic | 5% |
| Taiwan Semiconductor Manufacturing | 4.3% |
| Sun Hung Kai Properties | 3.9% |
| SembCorp Industries | 3.8% |
| Bangkok Bank | 3.4% |
| United Overseas Bank | 3.4% |
| Swire Pacific | 3.1% |
| Kerry Properties | 2.9% |
| Techtronic Industries | 2.7% |
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