Fund Summary

Unit prices

Buy 2.0958 / Sell 2.0750 (as at 20/03/2019)

Unit price history (CSV)

Date of Inception

02/07/07

The Investment

Units in a unit trust - the CI Asian Tiger Fund (the "Fund")

Minimum Initial Investment

$500,000

Manager

Cooper Investors Pty Limited ("CI" or the "Manager")

Custodian

National Australia Bank Limited.

Benchmark

MSCI All Countries Asia excluding Japan in Australian dollars net dividends.

Distributions

Income distributions will normally be paid half-yearly as at 31 December and 30 June (although the Manager has the discretion to distribute more frequently) and will automatically be invested in further units unless a unit holder elects otherwise.

Investment Risks and Return Objectives

The Fund aims to generate long term returns by investing in a range of listed Asian securities, incorporating small cap, mid cap and large cap stocks. In addition, the Fund has flexibility to invest in securities listed outside of Asia where those securities have a significant proportion of their sales, assets or profits from the Asian region. The Fund will own a selection of securities diversified by country, industry and size of capitalisation.

Our aim is for the Fund's long term returns to exceed the Benchmark. However, the Fund will be constructed with limited reference to the Benchmark and therefore returns may significantly vary from the Benchmark returns.

Investment Strategy

The Fund aims to invest in quality companies with a strong value proposition. We try to understand "downside risk" as well as "upside potential" in assessing the investment merit of stocks. The Manager uses CI's VoF investment process, incorporating strong fundamentally driven research in its search for suitable investments. A minimum of 70% of the Fund's exposure to foreign currency is unhedged.

Additional Information & Fees

Applications

Following the minimum initial investment, $50,000 minimum tranches may be invested on each Wednesday and the last day of each month.

Redemptions

$50,000 minimum tranches (provided that the unit holder maintains a minimum investment of $500,000) may be redeemed each Wednesday and on the last day of each month, with 1 business day's notice.

Management Fee

1.0% per annum of the Net Asset Value (before fees and expenses) plus GST calculated and paid monthly in arrears directly from the Fund.

Performance Fee

15% of the Fund’s out-performance of the Benchmark plus GST (calculated and paid monthly in arrears directly from the Fund). A high water mark applies.

Fund Performance History

Inception Date: 02 July 2007

Performance as at 28 February 2019
Rolling 3 Months Rolling 1 Year Rolling 2 Year Rolling 3 Year Rolling 5 Year Rolling 7 Year Rolling 10 Year Since inception cumulative Since inception annualised
CI Asian Tiger Fund (Gross) 9.76% 6.01% 16.96% 13.48% 11.65% 13.95% 16.34% 218.84% 12.18%
Benchmark 1 9.40% 0.52% 14.40% 15.44% 11.30% 11.76% 11.27% 94.60% 5.87%
Value Added 0.36% 5.49% 2.56% -1.96% 0.35% 2.19% 5.07% 124.24% 6.31%

Inception Date: 02 July 2007

1. Benchmark: MSCI All Countries Asia excluding Japan in Australian dollars net dividends.

How to invest

The minimum initial investment in the Fund (and the minimum holding) is $500,000 and the minimum subsequent investment is $50,000.

  1. Read the Information Memorandum
  2. Complete the Application Form
  3. Send to:

    Cooper Investors Pty Limited
    GPO Box 804
    Melbourne, VIC, 3001, Australia

Get in touch with Cooper Investors