OREANDA-NEWS. March 21, 2016. Schroder AsiaPacific Fund (SDP) seeks to deliver long-term capital growth by investing in companies in Asia, excluding Japan. Since launch in 1995, the portfolio has been managed by Matthew Dobbs, who focuses on individual stock selection, with an awareness of macroeconomic factors. He is supported by a large research team based in Asia. There is a focus on companies with visible earnings growth, sustainable returns and valuation support. Over most time periods, the performance of the fund versus the benchmark has been positive.

The current cum-income discount of 11.0% is wider than the one-, three-, five- and 10-year averages, probably reflecting concerns about China. Given the positive long-term performance of the fund, over time, if sentiment towards the region improves there is the potential for the discount to narrow. An informal discount control policy aims to maintain the long-term, cum-income discount below 10%.  

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