Schroder AsiaPacific Fund plc - SDP

Backing bright growth prospects in Asia

Why invest in SDP?

Powerful secular trends are driving the Asian growth story and creating a growing volume and variety of world-leading companies in the region. The Schroder AsiaPacific Fund aims to achieve long-term capital growth by investing in a diversified portfolio of around 60 of the best quality but undervalued companies across Asia.

Focusing on long-term growth prospects

Schroder AsiaPacific Fund aims to invests in high quality companies, across all countries and sectors of the Asian economy, that offer the greatest return potential.

Rely on decades of deep expertise

Portfolio managers, Richard Sennitt & Abbas Barkhordar, draw upon the extensive resources of Schroders’ Asia Pacific equities research team with 40+ analysts based across the region, as well as Schroders’ London-based global sector specialists.

Core Asia holding designed to sit at the heart of investors’ portfolios

The investment team uses a time-tested, disciplined investment process that provides investors with a core, exposure to Asian equities.

Key information

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NEW: Interim Report & Accounts 2024
Kepler Research Note
Kepler: Interim Results Analysis
Latest Factsheet
Key Information Document
Morningstar Report

Annual Results 2023

On 23 January 2024, Managers Richard Sennitt and Abbas Barkhordar presented the Trust's annual results for the year ended 30 September 2023. The presentation can be downloaded above.

Performance

For further performance data please visit the London Stock Exchange Website

Ongoing charge figure (as at July 2023): 0.84%

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View portfolio holdings

Awards and ratings

Morningstar-logo-5

Source: Morningstar as at July 2024

morningstar bronze logo

Awards logo for Investment Week Investment Company of the Year Awards 2023

Source: Awarded to Schroders by Investment Week, 2023

Trust Media

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AJ Bell Money & Markets Podcast - June 2024
Schroder AsiaPacific warns that AI boom will suffer a cyclical downturn
Kepler Article: Crouching tiger, not so hidden dragon
Kepler: Interim Results Analysis, May 2024
Kepler: Annual Results Analysis, December 2023
AJ Bell Shares: Fund Presentation
Kepler: Asia's Growth Opportunities
Kepler: Asia Special Report
Kepler: Podcast with Abbas Barkhordar
The Daily Telegraph: Questor feature

Schroders Insights

Corporate Governance

Find out more about the Company's Board, view key dates and keep up with regulatory news.

Meet the managers

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Richard Sennitt

Fund Manager, Asian Equities

Abbas Barkhordar

Fund Manager, Asian Equities

Independent Board of Directors

Documents

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Annual Report and Accounts 2023
Interim Report & Accounts 2024
AGM results 2024
Privacy Policy
Schroders Annual Sustainability Report
Terms of Reference: Management Engagement Committee
Terms of Reference: Nomination Committee
Terms of Reference: Audit & Risk Committee

Annual Reports & Accounts

2022 / 2021 / 2020 / 2019  / 2018 / 2017  / 2016  / 2015  / 2014  / 2013  / 2012  / 2011  / 2010  / 2009 

Interim Reports & Accounts

2022 / 2021 / 2020  / 2019  / 2018  / 2017  / 2016  / 2015  / 2014  / 2013  / 2012 

AGM Results

2023 / 2022 / 2021 / 2020 / 2019

Circulars

2010 / 2011 / 2011 (2nd) / 2012

Non-Mainstream Pooled Investments (NMPI) Status

The Company currently conducts its affairs so that its shares can be recommended by IFAs to ordinary retail investors in accordance with the FCA's rules in relation to non-mainstream investment products and intends to continue to do so for the foreseeable future. The Company's shares are excluded from the FCA's restrictions which apply to non-mainstream investment products because they are shares in an investment trust.

Risk considerations: Schroder AsiaPacific Fund plc

  • China risk: If the fund invests in the China Interbank Bond Market via the Bond Connect or in China "A" shares via the Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect or in shares listed on the STAR Board or the ChiNext, this may involve clearing and settlement, regulatory, operational and counterparty risks. If the fund invests in onshore renminbi-denominated securities, currency control decisions made by the Chinese government could affect the value of the fund's investments and could cause the fund to defer or suspend redemptions of its shares.

  • Concentration risk: The Company may be concentrated in a limited number of geographical regions, industry sectors, markets and/or individual positions. This may result in large changes in the value of the company, both up or down.

  • Counterparty risk: The Company may have contractual agreements with counterparties. If a counterparty is unable to fulfil their obligations, the sum that they owe to the Company may be lost in part or in whole.

  • Currency risk: If the Company’s investments are denominated in currencies different to the currency of the Company’s shares, the Company may lose value as a result of movements in foreign exchange rates, otherwise known as currency rates.

  • Derivatives risk: Derivatives, which are financial instruments deriving their value from an underlying asset, may be used to manage the portfolio efficiently. A derivative may not perform as expected, may create losses greater than the cost of the derivative and may result in losses to the fund.

  • Emerging markets & frontier risk: Emerging markets, and especially frontier markets, generally carry greater political, legal, counterparty, operational and liquidity risk than developed markets.

  • Gearing risk​: The Company may borrow money to make further investments, this is known as gearing. Gearing will increase returns if the value of the investments purchased increase by more than the cost of borrowing, or reduce returns if they fail to do so. In falling markets, the whole of the value in such investments could be lost, which would result in losses to the Company.

  • Liquidity Risk: The price of shares in the Company is determined by market supply and demand, and this may be different to the net asset value of the Company. In difficult market conditions, investors may not be able to find a buyer for their shares or may not get back the amount that they originally invested. Certain investments of the Company, in particular the unquoted investments, may be less liquid and more difficult to value. In difficult market conditions, the Company may not be able to sell an investment for full value or at all and this could affect performance of the Company.

  • Market risk: The value of investments can go up and down and an investor may not get back the amount initially invested.

  • Market Risk: The value of investments can go up and down and an investor may not get back the amount initially invested.

  • Operational risk​: Operational processes, including those related to the safekeeping of assets, may fail. This may result in losses to the Company.

  • Performance risk: Investment objectives express an intended result but there is no guarantee that such a result will be achieved. Depending on market conditions and the macro economic environment, investment objectives may become more difficult to achieve.

  • Private market valuations, and pricing frequency: Valuation of private asset investments is performed less frequently than listed securities and may be performed less frequently than the valuation of the Company itself. In addition, in times of stress it may be difficult to find appropriate prices for these investments and they may be valued on the basis of proxies or estimates. These factors mean that there may be significant changes in the net asset value of the Company which may also affect the price of shares in the Company.

  • Share price risk: The price of shares in the Company is determined by market supply and demand, and this may be different to the net asset value of the Company. This means the price may be volatile, meaning the price may go up and down to a greater extent in response to changes in demand.