Schroder Asian Income Maximiser Inc


Buy/Sell Price  (as of 16/11/2017) £0.5695   Day Change :  -0.05%     Fund Code:  SCAII 

Important documents Before investing please ensure that you have read the Fidelity Key Features Document (incorporating the Fidelity Client Terms) and the fund information documents. These can be found by clicking on the 'Important documents' link.

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Biography

Michael Hodgson is the Head of Structuring and has been with Schroders since 2011. Prior to joining Schroders, he was at ABN AMRO Bank NV / Royal Bank of Scotland NV from 2004 to 2010 where he was Global Head of Equity Derivatives Structuring and Head of Fund Derivatives Trading and Structuring.

Biography

Richard Sennitt joined Schroders in October 1993 as a Japanese analyst, and has managed specialist Asian equities since 1997. He joined the small cap team in December 2007. He is a member of the Global Small Cap Investment Committee and Co-manager of Global Small Cap Funds. Richard is a graduate of Oxford University, an Associate Member of UKSIP and is a member of the CFA Institute.
Investment HouseSchroder
Fund ProviderSchroder Unit Trusts Limited
ManagerMichael Hodgson   Biography
ManagerRichard Sennitt   Biography

Fund Objective The Fund aims to provide income and capital growth by investing in equity and equity related securities of Asian companies, excluding Japan. The Fund invests at least 80% of its assets in equity and equity related securities of Asian companies, excluding Japan, which are selected for their long term income and capital growth potential. To seek to enhance the yield, the Investment Manager selectively sells short dated call options over individual securities, portfolios of securities or indices held by the Fund, by agreeing strike prices above which potential capital growth is sold. The Fund may also invest in collective investment schemes, warrants and money market instruments, and hold cash. The Fund may use derivatives with the aim of achieving investment gains, reducing risk or managing the Fund more efficiently. The Funds investment strategy will typically underperform a similar portfolio without derivatives in periods when the underlying stock prices are rising, and outperform when the underlying stock prices are falling.

Key Statistics

Fund Status
Fund TypeUNIT TRUST
ISINGB00B3SB3287
12-Month NAV High £0.59
12-Month NAV Low £0.52
Fund Comparative Index -
Morningstar CategoryTMAsia-Pacific ex-Japan Equity Income
Dividend FrequencyQuarterly
Historic Yield6.94%

Annual Charges

Morningstar ratings

 as of  31/10/2017
Overall3 star
3 Years3 star
5 Years3 star
10 YearsN/A

One or more funds cannot be shown as they have less than one year of performance data.

Growth of £1000 Help

 as of  16/11/2017

Past Performance (%) Help

as of 

This Fund

     
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Fund versus Morningstar Category

     
-2.02-2.470.26-1.650.42
Important Information

The value of the fund and the income from it can go down as well as up so you may get back less than you invested. If your fund invests in overseas markets, changes in currency exchange rates may affect the value of your investment. If your fund invests in small and emerging markets, these can be more volatile than other more developed markets. Past performance is not a guide to future returns.
For funds that invest in bonds, please be aware that the price of bonds is influenced by movements in interest rates, changes in the credit rating of bond issuers, and other factors such as inflation and market dynamics. In general, as interest rates rise the price of a bond will fall. The risk of default is based on the issuer's ability to make interest payments and to repay the loan at maturity. Default risk may therefore vary between different government issuers as well as between different corporate issuers.

 Some of the performance and risk data presented may start before the share class was launched. If so, the data prior to the launch date of the share class is based on the fund or share class that has similar or higher charges, in order to provide an indication of longer term performance and risk. Please refer to the launch date and performance start date in the fund factsheet to determine whether the data has been extended.Past Performance and Risk & Volatility figures are presented in British Pounds Sterling (GBP). Fund returns are calculated on a Nav to Nav or Bid to Bid basis with income reinvested either after tax (for UK-domiciled funds) or gross of tax (for offshore funds). Performance figures include the effect of the OCF/TER. To cover distribution costs a separate service fee is now also charged on most funds, which is not included in the past performance figures. Consequently the past performance of the fund may be less than that shown on the chart due to the effect of the service fee.

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