AXA Rosenberg All Country Asia Pacific Ex-Japan Small Cap Alpha Fund
Last NAV 76.9700 USD as of 15/11/19
The aim of the Sub-Fund is to provide long-term capital growth above that of the MSCI AC Asia Pacific ex-Japan Small Cap Index on a rolling three year basis.The MSCI AC Asia Pacific ex-Japan Small Cap Index is designed to measure the performance of shares of smaller companies listed on the main stock exchanges of developed and emerging market countries in the Asia Pacific region (excluding Japan). The index's composition is available on www.msci.com.
Synthetic Risk & Reward Information scale
The risk category is calculated using historical performance data and may not be a reliable indicator of the Sub-Fund's future risk profile. The risk category shown is not guaranteed and may shift over time. The lowest category does not mean risk free.
Why is this Fund in this category?
Fund manager comment : 31/10/19
Asia Pacific (excluding Japan) small cap equities posted a 3% gain in USD terms, as measured by the benchmark MSCI AC Asia Pacific ex Japan Small Cap Index. Equities were supported by heightened expectations of a resolution to the US-China trade conflict and dovish US Federal Reserve policy. In China, equities were up strongly in yuan terms and marginally outperformed the regional benchmark. Volatility permeated markets, as weak economic figures hurt, but positivity around the US trade relationship outweighed this for most of the month. Australian stocks were down in local terms, despite starting the month strongly after an interest-rate cut by the Reserve Bank of Australia. Defensive sectors generally underperformed, the exception being healthcare, which led the market, followed closely by the technology sector. Technology stocks were supported by a raft of positive earnings.
Any performance shown is net of the ongoing charge for the share class selected with income reinvested . Past performance is not a guide to future performance. The value of investments can fall as well as rise and you may get back less than invested. The fund can use derivatives for investment purposes. These instruments may cause periods of high volatility in the price of the shares of the fund.
|Performance indicator||Start date||End date|
|Performance table||Net performance||Performance indicator||Start date||End date|
|Risk table||Fund volatility||Benchmark volatility||Tracking error||Information ratio||Sharpe ratio||Beta||Alpha|
|First NAV date||30/09/99|
|Taiwan, Province of|
|Asset class||ROSENBERG EQUITIES|
|Legal authority||Central Bank of Ireland|
|Fund Manager||Anubhuti GUPTA|
|Investment team||MT Rosenberg Asia Equity|
|Investment area||Asia Pacific ex-Japan|
|Legal form||Unit Trust|
Subscription and redemption
The subscription, conversion or redemption orders must be received by the Registrar and Transfer Agent, no later than 1 p.m. Irish time one business day before the relevant Dealing (business) Day. Orders will be processed at the Net Asset Value calculated for that Dealing Day.Please note that there may be additional processing time if your order is placed via intermediaries such as platforms, financial advisors or distributors.The Net Asset Value of this Sub-Fund is calculated on a daily basis. Minimum initial investment: USD 100,000 Minimum subsequent investment: USD 5,000