Martin Currie GF Asia Pac: Qual. Rating Updated
A disappointing 2009 doesn’t dent the long-term appeal of Martin Currie GF Asia Pacific.
"Despite its strong 31.75% gain, the fund severely lagged its peers in 2009, falling behind the category average by almost 20 percentage points. This was driven more by the fund's avoidance of the most cyclical stocks--a positioning that stemmed from the portfolio managers' investment process--and one year of poor performance has not dented our confidence here. Although this fund launched only in 2007, a UK sterling version with the same investment strategy is 1.74% per year ahead of the Morningstar category average from 1 July 2001 to 31 Jan. 2010. . . ."
The full four page pdf report can be accessed here. It is free to users of Morningstar.co.uk.