BlackRock Asia Special Situations Fund

Capital at risk. All financial investments involve an element of risk. Therefore, the value of the investment and the income from it will vary and the initial investment amount cannot be guaranteed.

 


11.2%

Annualised returns over a three-year period net of fees

4,000

Company meetings conducted per year

30-60

Holdings

11.2%

Annualised returns over a three-year period net of fees

4,000

Company meetings conducted per year

30-60

Holdings

Source: BlackRock as at end December 2018

Key Features

A flexible, pragmatic approach


A flexible, pragmatic approach

The fund has a flexible approach, which means that it has no sector, country or capitalisation bias. Styles, themes and factors which deliver alpha are constantly changing over time and hence the fund has the flexibility to navigate between each depending on the market environment, which creates more opportunities to generate outperformance.

RISK: Investments in emerging markets may be subject to greater volatility than those in more established economies.

On-the-ground investment team


On-the-ground investment team

The team of ~40 talented and empowered people is led by Andrew Swan, Head of Emerging Markets and Asian Equities for the Fundamental Active Equity Group. The team consists of 18 nationalities who speak over 25 languages. Rigorous debate is at the heart of their culture, helping them to identify the best opportunities.

RISK: Past performance is not a reliable indicator of current or future results.

Diversified sources of alpha


Diversified sources of alpha

We seek to generate alpha from multiple sources, from stock selection to asset allocation, style rotation and off-benchmark positions. Such flexibility has allowed us to add value across changing markets, outperforming the benchmark since inception.

RISK: The Fund invests heavily in assets denominated in other currencies, therefore changes to exchange rates may affect its value.

Stock-specific, macro-aware


Stock-specific, macro-aware

We focus on uncovering companies with under-appreciated potential and sound business models at the right valuations. While we are a team of stock pickers, we insist on working with a strong macroeconomic overlay and a cross-asset input from BlackRock’s broader platform in order to guide us effectively in those markets.

RISK: The Fund may invest in smaller companies, which can be less predictable and liquid than those of larger companies.

Risks

Capital at risk. All financial investments involve an element of risk. Therefore, the value of the investment and the income from it will vary and the initial investment amount cannot be guaranteed. You may not get back the amount originally invested. Past performance is not a reliable indicator of current or future results and should not be the sole factor of consideration when selecting a product or strategy. Changes in the rates of exchange between currencies may cause the value of investments to diminish or increase.

Fluctuation may be particularly marked in the case of a higher volatility fund and the value of an investment may fall suddenly and substantially. Levels and basis of taxation may change from time to time.

Past performance is not a reliable indicator of current or future results and should not be the sole factor of consideration when selecting a product or strategy.

Fund-specific risks

Exchange rate risk: Overseas investment will be affected by movements in currency exchange rates.

Emerging Market Risk: Emerging market investments are usually associated with higher investment risk than developed market investments. Therefore the value of these investments may be unpredictable and subject to greater variation.

Liquidity risk: The Fund’s investments may have low liquidity which often causes the value of these investments to be less predictable. In extreme cases, the Fund may not be able to realise the investment at the latest market price or at a price considered fair.

Smaller Company Investments: Smaller company investments are often associated with greater investment risk than those of larger company shares.

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