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- The Fund invests primarily in equity securities or equity-related securities of companies that are, at the time of investment, listed, or have their registered offices in, or conduct a majority of their economic activity in member countries of the Association of South East Asian Nations (“ASEAN”).
- The Fund invests in emerging markets which may have increased risks than developed markets including liquidity risk, currency risk/control, political and economic uncertainties, high degree of volatility, settlement risk and custody risk.
- Investing in small /mid-capitalisation securities may have lower liquidity and their prices are more volatile to adverse economic developments.
- The Fund’s investments may be concentrated in a relatively small number of companies, single sector/country, small numbers of countries or specific region which may have higher volatility or greater loss of capital than more diversified portfolios.
- The Fund may use FDIs for hedging and efficient portfolio management purposes, which may subject the Fund to additional liquidity, valuation, counterparty and over the counter transaction risks.
- It is possible that a part or entire value of your investment could be lost. You should not base your investment decision solely on this document. Please read the offering document including risk factors for details.
FSSA ASEAN All Cap Fund - Class I (Acc) USD
Strategy Overview
The Fund aims to achieve long term capital appreciation and invests primarily in equity securities or equity-related securities of companies that are, at the time of investment, listed, or have their registered offices in, or conduct a majority of their economic activity in member countries of the Association of South East Asian Nations (“ASEAN”).
Fund Details
Fund information (as at 31/10/2025)
| Fund launch date | 18 October 2002 |
|---|---|
| Share class launch date | 18 October 2002 |
| Total fund size | US$37.6mn |
| Number of holdings | 37 |
| Minimum initial investment | US$1,000 |
| Minimum subsequent investment | US$500 |
| Management fee | 1.5%p.a. |
| Initial charge | 5.0% |
Performance
Cumulative performance (%) as at 31 Oct 2025
| SHARE CLASS | 3MTHS | YTD | 1YR | 3YRS | 5YRS | SINCE INCEPTION |
|---|---|---|---|---|---|---|
| Class I (Acc) USD | 3.3 | 10.1 | 7.5 | 33.2 | 50.0 | 651.9 |
| Benchmark * | 5.7 | 14.1 | 12.8 | 39.1 | 45.2 | 424.8 |
| SHARE CLASS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Class I (Acc) USD | 11.5 | 0.4 | -1.1 | 4.3 | 0.2 | 3.8 | -2.1 | 20.9 | 2.6 | -17.2 |
| Benchmark * | 12.0 | 0.5 | -4.3 | 0.5 | -3.5 | 8.1 | -8.1 | 31.5 | -0.7 | -18.7 |
| 3MTHS | YTD | 1YR | 3YRS | 5YRS | SINCE INCEPTION | |
|---|---|---|---|---|---|---|
| Share Class (%) | 3.3 | 10.1 | 7.5 | 33.2 | 50.0 | 651.9 |
| Benchmark (%) | 5.7 | 14.1 | 12.8 | 39.1 | 45.2 | 424.8 |
Calendar year performance (%) as at 31 Oct 2025
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Share Class (%) | 11.5 | 0.4 | -1.1 | 4.3 | 0.2 | 3.8 | -2.1 | 20.9 | 2.6 | -17.2 |
| Benchmark (%) | 12.0 | 0.5 | -4.3 | 0.5 | -3.5 | 8.1 | -8.1 | 31.5 | -0.7 | -18.7 |
Price
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Historical price
Unit prices are available up to 2 days prior to current date
Holdings
Top 10 holdings (as at 31/10/2025)
| Stock name | Sector | % |
|---|---|---|
| Haw Par Corporation Limited | Health Care | 7.1 |
| Oversea-Chinese Banking Corporation Limited | Financials | 6.9 |
| Jardine Cycle & Carriage Limited | Industrials | 5.7 |
| PT Bank Central Asia Tbk | Financials | 5.3 |
| Kasikornbank Public Co. Ltd. | Financials | 5.0 |
| DBS Group Holdings Ltd | Financials | 4.8 |
| Mobile World Investment Corp | Consumer Discretionary | 4.6 |
| DFI Retail Group Holdings Limited | Consumer Staples | 4.0 |
| Jardine Matheson Holdings Limited | Industrials | 3.7 |
| FPT Corp. | Information Technology | 3.4 |
† Allocation percentage is rounded to the nearest one decimal place and the total allocation percentage may not add up to 100%.
* MSCI AC ASEAN Net Index
On 9 December 2021, the fund name has been changed from FSSA Singapore and Malaysia Growth Fund to FSSA ASEAN All Cap Fund. The Fund’s investment policy was also changed on 9 December 2021 to allow the Fund to invest primarily in equity securities or equity-related securities of companies that, at the time of investment, are listed, or have their registered offices in, or conduct a majority of their economic activity in member countries of ASEAN. Prior to 1 May 2017, the benchmark was Market Cap Weighted of MSCI Malaysia/MSCI Singapore Indices which was calculated internally. From 1 May 2017, the benchmark was changed to MSCI Singapore & Malaysia Index to adopt the official benchmark. From 9 December 2021, the benchmark of the Fund was changed to MSCI AC ASEAN Index due to the change of investment policy of the Fund.
Price & performance disclaimers
This Fund is a sub fund of Ireland domiciled First Sentier Investors Global Umbrella Fund Plc.
Price / Performance source: Lipper, Nav-Nav (with dividend reinvested where applicable).
Past performance is not a guide to future performance. Performance data is calculated on a net basis by deducting fees incurred at fund level (e.g. the management and administration fee) and other costs charged to the fund (e.g. transaction and custody costs), save that it does not take account of initial charges or switching fees (if any).
All prices are for indication only. For detail, please refer to the Fund’s factsheet for further details including investment objective & strategy, asset allocation, top 10 holdings, comparison with benchmark (if any) and disclosure.
Reference to specific securities (if any) is included for the purpose of illustration only and should not be construed as a recommendation to buy or sell the same. All securities mentioned herein may or may not form part of the holdings of First Sentier Group's portfolios at a certain point in time, and the holdings may change over time.