Schroder Asia Pacific results for the year ended 30 September 2014 show the fund delivering a return on net asset value of 10.9% and a return to shareholders of 11.2%, both ahead of the MSCI All Countries Asia ex. Japan Index, the fund’s benchmark, which returned 8.4%. The final dividend is 2.75p.
The manager’s report says stock selection in India, Hong Kong and Taiwan was all positive, along with lesser contributions from Singapore, Indonesia and The Philippines. only Korea let them down. Oddly the statement makes no mention of individual stock contributions.
SDP : Schroder Asia Pacific beats its benchmark