First State Asia Pac Leaders: Qual. Rating Updated

We still think First State Asia Pacific Leaders is one of the best of its kind.

Alexander Prineas 17 February, 2010 | 9:49AM
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We have published a new Morningstar Qualitative Rating and Research Report for First State Asia Pacific Leaders.

"The fund ended 2009 in its category's bottom quartile, held back by a lack of exposure to the most cyclical industrials and hot areas such as China. Indeed, the fund—whic

h focuses primarily on high-quality large caps--can look less impressive in years such as 2006 and 2007 when pricier issues or riskier small caps lead the way, so we’re not surprised to see it lag significantly in 2009's market rally. . . ."

The full four page pdf report can be accessed here. It is free to users of Morningstar.co.uk.

The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Stewart Inv APAC Ldrs Sstby A GBP Acc9.33 GBP-0.81Rating

About Author

Alexander Prineas  is an associate director of manager research for Morningstar Australasia.

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