May 17 2021, 03:59 PM
QUOTE(george_dave91 @ Apr 25 2021, 06:03 PM)
Hi all. I was wondering what you guys think about the Affin Hwang Asia Pacific (ex Japan) Select Dividend Fund.
It seems to have relatively high management fees (1.85% p.a. as opposed to the more common 1.5% p.a. For equity funds). Naturally the management expense ratio is on the high side too (1.96 in 2019 and 1.97 in 2020).
Additionally the portfolio turnover ratio seems fairly high for a dividend focused fund (generally above 2.00, for the past 3 years at least).
The returns seem fairly okay however (annualised return about 12% and total return of about 42% over 3 years).
What are your thoughts sifus? Is this a decent fund for fairly steady returns over the long term (10-20 years or so)? Do the high costs justify the returns?
I have this one in my portfolio. Let me share with you my thoughts, this fund is one of the better performing funds I have. Last year 2020 Mar this fund did not drop as much as other Asia Pacific dividend fund, but went up very fast during the recovery period. I also have that RHB Asia Income Fund (something like that, can't remember). That one managed by Schroder. This similar fund dropped like shit and never recovered until I switch out. That time explanation given was because this fund holds a lot of reits. I have since switched out this fund so I don't know if it is back up before pre covid. It seems to have relatively high management fees (1.85% p.a. as opposed to the more common 1.5% p.a. For equity funds). Naturally the management expense ratio is on the high side too (1.96 in 2019 and 1.97 in 2020).
Additionally the portfolio turnover ratio seems fairly high for a dividend focused fund (generally above 2.00, for the past 3 years at least).
The returns seem fairly okay however (annualised return about 12% and total return of about 42% over 3 years).
What are your thoughts sifus? Is this a decent fund for fairly steady returns over the long term (10-20 years or so)? Do the high costs justify the returns?
My humble advise to you is to see which main parent fund they are investing into and see their top 10 holdings.
FYI this Affin fund recently not doing good because China/Taiwan shares dropping. Basically Asia now with new waves of covid means it is down. But maybe good time to go in too if you believe in Asia.
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