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Asia’s economies are in the midst of a transition phase, heading towards an era of growth that will be increasingly powered by domestic consumption.
Joachim JanAsia Pacific Equity Fund Manager

Cumulative performance
as of 30th september 2021

  2021 1 month 3 months 1 year 3 years 5 years
MANSARTIS ASIE ISR -3.03% -4.77% -9.31% 11.5% 28.5% 31.94%
MSCI ASIA (ex-Japan) NR EUR 2.24% -2.07% -6.94% 15.69% 30.58% 57.12%

Net Asset Value
as of 30th september 2021


Investment Strategy

Asia today is the world’s largest economic zone, home to more than 60 percent of the earth’s population. The region is enjoying vigorous economic growth, fast-paced urban development, and the emergence of a broad middle class. Asia’s economies are in the midst of a transition phase, heading towards an era of growth that will be increasingly powered by domestic consumption. In that regard, the region offers unrivaled prospects for growth. Asian exports still represent some 40 percent of the world’s total exports, comprising not only manufactured goods but also state-of-the-art technologies. Owing to their size and liquidity, Asian stock markets offer significant investment opportunities. Mansartis manages a portfolio based on strong convictions, built independently of the reference index and composed of some 50 Asian companies (excluding Japan) in which we have invested for the long term. We seek out growth companies in sectors with high barriers to entry, leaders in their respective industries, with durable competitive advantage.

Main holdings
as of 30th september 2021

Taiwan Semiconductor Adr 7.98 %
Techtronic Industries 7.07 %
ANTA Sports Products 6.4 %
Samsung Electronics 5.72 %
Tencent 5.6 %
Sunny Optical Tech 4.61 % Adr 4.55 %
Eclat Textile 4.32 %
Haier Smart Home 4.29 %
Alibaba Adr 4.16 %

Geographical breakdown
as of 30th september 2021

CHINA 30.28 %
HONG KONG 28.09 %
TAIWAN 17.81 %
Others 13.03 %

Sector breakdown
as of 30th september 2021

c.discretionary 41.45 %
technology 26.56 % 10.89 %
telecom. 9.59 %
Others 11.52 %

Capitalisation breakdown
as of 30th september 2021

Large capitalisations : 74.43 % > 10 Billions
Mid capitalisations : 23.7 % 1 et 10 Billions
Small capitalisations : 1.88 % < 1 Billion

Risk / Reward indicator

To lower risk

To higher risk

Typically lower reward

Typically higher reward

Risk level 6 reflects a historic weekly volatility over 5 years of 15% to 25%. It is correlated with the equity exposure of the fund


Liquidity risk: in the event that trading volumes on the financial markets are low, the manager may not be able to sell the securities quickly under satisfactory conditions, which has a more or less significant impact on the purchase and sale price and in certain circumstances the overall liquidity of the fund.

Credit risk: this is the risk of deterioration in the credit quality of a public or private issuer or of default by the latter. In this case, the value of the debt securities in which the fund is invested may fall, leading to a fall in the net asset value of the fund.

Counterparty risk: there is a risk that the counterparty may default on forward exchange contracts.

  • Isin : FR0007481429
  • Bloomberg code : VIGPGCA
  • Legal form : FCP (FR)
  • AMF Classification : International equities
  • Currency : Euro
  • Date of inception : 08/04/1994
  • Reference indicator : MSCI Asia ex Japan NR €
  • Custodian : CACEIS BANK
  • Valuation : Daily
  • Management fees : 2.5% MAXIMUM
  • Subscription fees : None
  • Redemption fees : None
  • Tax provision : Non PEA eligible

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