The Melchior Asian Opportunities fund disappeared from fund buyers' radars after a difficult 2008, but manager Henrietta Luk has turned around performance since then and now the figures speak for themselves.
The fund has returned 85% over five years to 5 July, according to Morningstar, beating the IMA Asia Pacific ex Japan sector average of 62%, and has fared even better over three years, returning 33.2% against an average 26.9%. Over one year, the fund is top decile, returning 20.7% against the sector average of 11.9%, according to Morningstar. The fund follows an unconstrained approach, which aims to maximise total returns by investing in Asian ex Japan companies that stand to benefit from regional economic growth. It holds between 30 and 40 stocks (currently 31) across North Asia, d...
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