Fund of the week: Buy into the rise of Asia's consumer

This Far-Eastern-focused fund, which has invested in a wide range of companies with exposure to rising living standards in Asia, has seen growth of over 86% in five years.

Jane Andrews has been managing Asian-focused funds since 1987. And since 1996, Andrews has been using her experience of changing regional trends to manage the Smith & Williamson Far Eastern Growth Trust.

The fund has a weighting of around 30% to Japan, with 25% in Hong Kong/China and 14% in Australia. Over the past eight months, she has reduced the fund's investment in Japan, noting that "the strength of the yen continues to negatively impact on the global competitiveness of exporters". As for winners, she expects Korean manufacturers to benefit as the won has not kept up with the yen. To take advantage, she has invested in major Korean players in the sector, such as electronics giant Samsung.

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