LF Canlife
Asia Pacific Fund

REASONS TO RECOMMEND

MANAGER EXPERIENCE
With more than 25 years’ experience investing in Asia Pacific, fund manager Kim Lee brings a deep understanding of the region that allows her to find companies with attractive growth potential.

UNCONSTRAINED APPROACH
The fund typically invests in 10 or more countries in the region with a unique approach for each market. Lee has the freedom to invest wherever the opportunities lie without being tied to benchmark weightings or specific country allocations.

HIGH CONVICTION, ACTIVE MANAGEMENT
Asia is not a region where an investor can succeed by simply taking on passive exposure to all countries. Investing here requires in-depth knowledge of each country and their financial markets in order to unearth compelling investment opportunities.

BLENDED PERFORMANCE
Kim Lee’s investment approach combines the benefits of taking a top-down, macroeconomic view of each economy as well as a bottom-up approach to stock selection in order to achieve the best positioning for prevailing market conditions.

FUND PERFORMANCE

Past performance is not a guide to future performance. The value of investments may fall as well as rise and investors may not get back the amount invested. Income from investments may fluctuate. Currency fluctuations can also affect performance. Performance figures are on a bid to bid with net income reinvested basis. Valuations are based on the previous day's prices.

HOW THE FUND IS MANAGED

Lead manager Kim Lee’s deep analysis of local policy and politics has given her great insight into local markets as she executes a top-down approach to investing paired with bottom-up stock-picking.

Her ability to take an unconstrained approach to managing the portfolio means she’s not tethered to the market so she can, and has, taken positions that deviate from the consensus.

Lee follows three integrated steps that can be seen as the three ‘levers’ that drive portfolio construction. These consist of:

1. Top down country selection – Understanding the macroeconomic picture of the region and its constituent countries is essential for identifying the best places to invest. Analysing the politics, public policy and economic cycle of each country, as well as general sentiment, helps Kim to form a view of which markets might provide the best opportunities.
2. Sector selection – Investing in the right themes and trends is also a major driver of fund performance. Kim analyses macroeconomic trends, long-term demand drivers, the regulatory environment and other factors in order to make allocations in the fund.
3. Stock selection – In addition to taking a top-down view, Kim can make high-conviction bottom-up decisions when the conditions are right. Stocks are selected based on their earnings profile, valuation, management quality and corporate governance.

 

Depending on the stage of the economic cycle and market conditions, Lee will operate each lever individually or together so as to optimise portfolio returns. The fund’s nimble approach allows her to move quickly to build positions that add value to the fund whether through country allocation, sector selection or bottom-up stock selection.

SHARE CLASS INFORMATION

FUND MANAGER

IMPORTANT INFORMATION

Due to the underlying assets held, the price of the fund is classed as having above average to high volatility.