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Please read the following important information for First State Asia Opportunities Fund

    •     The Fund invests primarily equity and equity-related securities in Asian Region (excluding Australia, New Zealand and Japan).

    •     The Fund’s investments may be concentrated in a single sector, country, specific region or small numbers of countries /companies which may have higher     volatility or greater loss of capital than more diversified portfolios.

    •     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.

    •     The Fund may expose to China market risk including repatriation risk, uncertainties to taxation policies and risk associated with StockConnects. The Fund may     also expose to RMB currency and conversion risk.

    •     Investing in securities of small/mid-capitalisation companies may have lower liquidity and more volatile prices to adverse economic developments.

    •     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.

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Greater China

Navigate Greater China’s evolving landscape with a different perspective.

The Greater China region includes the China, Hong Kong and Taiwan markets, each offering interesting growth opportunities for long-term investors. Our team has been investing in the region for more than 30 years, with unparalleled insights gained through our on-the-ground meetings with companies.

What we invest in

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Dominant consumer franchises

We believe dominant consumer franchises and brands should benefit from rising incomes and the premiumisation trend, and can offer good growth potential over the long term.

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Rise in healthcare spending

China’s per capita spend on healthcare is still relatively low and has room to grow. We believe that companies providing drugs and medical services should benefit from an increased focus on healthcare spending and wellbeing.

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High quality financials

We believe banks and high quality financials should benefit from similar drivers as consumer businesses: demographics, rising incomes and urbanisation.

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A more connected and automated world

We believe an increased focus on research and development should lead to technology champions in niche markets. Domestic component manufacturers could benefit from the trend towards localised production.
 

Our approach to responsible investment

Non-label disclaimer

Our approach to responsible investing has been shaped by an emphasis on stewardship and the belief that quality managers and good governance should ensure that environmental and social concerns are rightfully addressed. We have integrated sustainability analysis into our investment process and engage extensively on environmental, labour and governance issues. 

Sustainable investment labels help investors find products that have a specific sustainability goal. FSSA's products do not have a UK sustainable investment label as they do not have a non-financial sustainability objective. Their objective is to achieve long-term capital growth by following its investment policy and strategy.

Investment Insights

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Investors started to turn more positive towards China after the government stepped up support for the economy last September. Domestic developments in artificial intelligence (AI) had also helped to boost market sentiment. But in recent weeks, global markets – including China equities – have been upended with chaotic announcements from the US about trade tariffs on goods imports from around the globe.
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News about US reciprocal tariffs have rocked global markets, as President Trump announced sweeping import taxes that were far higher and affected a much broader swathe of countries than expected.
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  • 5 mins

Meet the managers

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Martin Lau

Managing Partner

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Helen Chen

Portfolio Manager

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Winston Ke

Portfolio Manager

Price & performance

Strategy overview

Issuer:

Key facts

Indicative NAV*
per unit as at

Updated every 15 seconds
Pricing information
Entry Price
Exit Price
NAV per unit as at
Key dates
15 May 2025
ETF Listing Date | ASX:LEVR

ASX announcements

View all announcements

The iNAV reflects the estimated NAV per unit in respect of the Fund’s assets that have live market prices during the trading day. The issuer of the Fund has engaged ICE Data Indices, LLC as iNAV calculation agent to independently calculate the iNAV.
* iNAV calculations as shown (the "data") are provided by ICE Data Indices, LLC or its third party suppliers and are updated during ASX trading hours. iNAV calculations are indicative and for reference purposes only. The Fund is not sponsored, endorsed, sold or marketed by ICE Data Indices, LLC, its affiliates ("ICE Data") and ICE Data or its respective third party suppliers MAKE NO EXPRESS OR IMPLIED WARRANTIES, AND HEREBY EXPRESSLY DISCLAIM ALL WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE WITH RESPECT TO THE iNAV, FUND OR ANY FUND DATA INCLUDED THEREIN. IN NO EVENT SHALL ICE DATA HAVE ANY LIABILITY FOR ANY SPECIAL, PUNITIVE, DIRECT, INDIRECT, OR CONSEQUENTIAL DAMAGES (INCLUDING LOST PROFITS), EVEN IF NOTIFIED OF THE POSSIBILITY OF SUCH DAMAGES. You acknowledge that the data is provided for information only and should not be relied upon for any purpose.

Strategy Overview

Key Facts

Price: /


Source: Lipper, Nav-Nav (with dividend reinvested where applicable)
Acc represents share class with dividends accumulated. M Dist represents share class with monthly distribution of dividends.  H Dist represents share class with half-yearly distribution of dividends.  Q Dist represents share class with quarterly distribution of dividends.  Dividends are not guaranteed and may be paid out of capital. 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.

For more information, please contact us