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.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
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% |
-
Do you still have to file a tax return if you don’t owe any tax?Even if you do not owe the taxman any money, failure to complete and submit your tax return could result in a penalty costing you up to £1,600.
-
Millions of homeowners to see mortgage payments riseMortgage holders with deals expiring soon can expect to pay more, according to Bank of England calculations, though the increase is less than previously forecast
