All investments involve risk. The value of your investment and the income from it will fluctuate and a loss of capital may occur.
With disciplined selectivity, this is a fertile hunting ground to capture forward-looking and innovative companies that could potentially be the Asian blue chips of tomorrow.
Partner with PineBridge to access this diverse market through a highly selective strategy.
We are unconstrained, bottom-up stockpickers with global research resources to uncover hidden opportunities across sectors and markets.
Our time-tested approach has captured compelling opportunities at various stages of market cycles.
With over 30 years of industry experience, Elizabeth Soon leads an on-the-ground team in Asia with an average of 15 years of experience. The Fund and the team have been recognized by leading industry organizations2.
The extreme equity market volatility in recent days may be attributed to a host of factors: most notably the coronavirus pandemic, but also falling oil prices and geopolitical tensions, among others. With the exception of the former, these factors have seen ebbs and flows, and are not new to investors. Therefore, the correction in the global equity markets appears somewhat excessive, in our view. While Europe and the US are now experiencing coronavirus-induced shutdowns, there is enough evidence on the ground that supply is gradually coming back online in Asia in general, and in China in particular. The big question now is: will demand chug along given the spread of the virus?
Small- and mid-sized companies make up the majority of listed companies in Asia ex-Japan. Watch now to hear how the region’s small cap asset class is a rich ground for investment opportunities.
Portfolio of 60-100 stocks
Award-winning track record1,2
4-star Morningstar Overall Rating (Share Class Y)3
The Sub-Fund is actively managed, seeking to deliver excess returns over the Sub-Fund’s benchmark. The holdings may or may not be components of the benchmark and the Investment Manager has broad discretion to deviate from the benchmark securities, weightings and risk characteristics. The degree to which the Sub-Fund resembles the composition and risk characteristics of the benchmark is not a specifically targeted outcome and could vary over time, and the Sub-Fund’s performance may be meaningfully different from the Sub-Fund’s benchmark.
Potential Investors should consider the following key risks before investing in the Sub-Fund:
Equity Risk: The value of shares and securities related to shares may fall due to issuer related issues, financial market dynamics and world events including economic and political changes.
Market Volatility Risk: All types of investments and all markets are subject to market volatility based on prevailing economic conditions. Price trends are determined mainly by financial market trends and by the economic development of the issuers, who are themselves affected by the overall situation of the global economy and by the economic and political conditions prevailing in each country. As securities may fluctuate in price, the value of your investment may go up and down.
Investment Loss Risk: Investments may decline in value and investors should be prepared to sustain a total loss of their investment.
FDI Risk: The prices of FDI can be highly volatile. In addition, the use of FDI also involves certain special risks depending on the type of FDI, including but not limited to correlation risk, counterparty credit risk, legal risk, settlement risk, margin risk, as well as other possible risks that may arise.
Country Selection Risk: A portfolio’s performance is often derived from its allocations to certain countries. These allocations may present greater opportunities and potential for capital appreciation, but may subject the fund to higher risks of loss.
Emerging Market Risk: Emerging markets are typically smaller, less transparent and subject to evolving, less stable political and regulatory regimes.
The risk factors described above should not be considered an exhaustive list of risks, which potential investors should consider before investing in the Sub-Fund. For more details on the fund’s potential risks please read the Prospectus and Key Investor Information Document at pinebridge.com/funds
1 PineBridge Asia ex Japan Small Cap Equity Fund (Class A and Class Y) has outperformed benchmark in 3 Years, 5 Years, 10 Years, and Since Inception. The inception date of the Fund is 1 September 1994. Source: Pinebridge Investments, as of 30 June 2022. The Fund performance is calculated net of fees on NAV to NAV in USD with dividends reinvested. Returns over one year are annualized. Past performance is not indicative of future results.
2 The Fund and the team have been recognized by FundSuperMart Hong Kong4, BENCHMARK5 (Share Class Y), Citywire6, Lipper7, Sauren8 and Investment Week9.
3 Morningstar Rating™ Source: Morningstar Essentials™. Copyright © 2020 Morningstar, Inc. All Rights Reserved. Morningstar Rating as of 30 June 2022, PineBridge Asia Ex Japan Small Cap Equity Fund in the ASIA EX JAPAN SMALL / MID-CAP EQUITY Morningstar Category. Morningstar Performance ratings shown reflect the share class performance shown unless noted otherwise.
4 Source: FundSuperMart Hong Kong, May 2018. Supplementary Portfolio - Asia Ex-Japan Small and Medium Companies Category. Awarded to PineBridge Asia ex Japan Small Cap Equity Fund Class A USD. Based on the actual returns over various periods of time, expense ratio, and risk. Other qualitative criteria may also be used. For details of methodology, please visit: https://secure.fundsupermart.com/fsm/download/attachments/ fundmethodology.pdf. Last accessed 25 March 2020.
5 Source: Benchmark, awarded in December 2016. BENCHMARK Fund of the Year Awards 2016, Hong Kong. Best-in-Class, Asia ex Japan Small /Mid Cap Equity category, Top Mutual Funds, Professional Class. Awarded to PineBridge Asia ex Japan Small Cap Equity Fund (Share Class Y). Based on 1-year, 3-year & 5-year return weighting between the period 1 October 2015 to 30 September 2016. For details of methodology, please visit: https://www.fundawards.asia/hk/methodology/. Last accessed 25 March 2020.
6 Source: Citywire, as of 30 April 2019. Elizabeth Soon is plus rated by Citywire on 36-month risk adjusted performance for the period 30 April 2016 - 30 April 2019. Please visit https://citywire.co.uk/funds-insider/manager/elizabeth-soon/d1357?periodMonths= for further details. Source: Citywire Asia, announced in March 2020. Pinebridge was recognized with Singapore Best Fund Group Awards: Best equity group for Asia Pacific Small & Medium Companies and Hong Kong Best Fund Group Awards: Best equity group for Asia Pacific Small & Medium Companies .For details of the awards, please visit: https://citywireasia.com/news/citywire-asia-awards-2020-winners-singapore-best-fund-groups/a1328127#i=11 (Singapore Best Fund Group Awards) and https://citywireasia.com/news/citywire-asia-awards-2020-winners-hong-kong-best-fund-groups/a1328106#i=11 (Hong Kong Best Fund Group Awards) . For details of methodology, please visit: https://citywireasia.com/news/citywire-asia-awards-2020-methodology/a1322337. Last accessed 25 March 2020.
7 The award is announced by Lipper Fund Awards Hong Kong 2019. The award is based on the 10-year fund performance as of 31 Dec 2018, under Equity Asia Pacific ex Japan category. For details of methodology, please visit https://www.lipperfundawards.com/Awards/HongKong/2019/Methodology/114/Methodology_2019. Last accessed 25 March 2020.
8 Source: Sauren, awarded in July 2018. Awarded to Elizabeth Soon for excellent fund management in the category Equity Asia Small Caps. Based on Sauren's qualitative analysis. For details of methodology, please visit https://www.sauren.de/media/sauren-golden-awards-2018_brochure.pdf. Last accessed 25 March 2020.
9 Source: Investment Week, as of June 2019. The judging process consisted of a rigorous qualitative and quantitative assessment, with the shortlisted funds screened for their performance track record and relative risks management over a three-year period to 31 December 2018 under Asia Pacific ex Japan category. For details of the awards and methodology, please visit: http://www.fmya.com/static/finalists and http://www.fmya.com/static/methodology, last accessed 25 March 2020.
Awards are for reference only. It is not indicative of the actual performance of the funds. Third-party rankings from rating publications are no guarantee of future investment success. These ratings should not be construed as an endorsement of the advisor by any client nor are they representative of any one client’s evaluation. Generally, ratings, rankings, and recognition are based on information prepared and submitted by the advisor, and are part of a process in which not all advisors elect to participate. A more detailed disclosure of the criteria used in making these rankings is included in the footnotes for each award. Information contained in this material is based on sources we believe to be accurate as of the date indicated. No representation or warranty is made. We reserve the right to revise any information at any time without prior notice.
Investment involves risk. Past performance is not indicative of future performance. Investors should refer to the offering documents for details, including risk factors. This material is issued by PineBridge Investments Asia Limited, a company incorporated in Bermuda with limited liability, and has not been reviewed by the Securities and Futures Commission.
PineBridge Asia ex Japan Small Cap Equity Fund (the “Fund”) is a sub-fund of PineBridge Global Funds, an Irish domiciled UCITS umbrella fund, authorized and regulated by the Central Bank of Ireland. PineBridge Investments is a group of international companies that provide investment advice and market asset management products and services to clients around the world. PineBridge Investments is a registered trademark proprietary to PineBridge Investments IP Holding Company Limited.
Material change to the Fund: Before 1 July 2008, the benchmark of the Fund was S&P/Citigroup Southeast Asia + China Extended Market Total Return Index. From 1 July 2008 to 31 December 2015, the benchmark of the Fund was changed to S&P Pan Asia Ex-Japan under USD 1.5 Billion Index. From 1 January 2016, the benchmark of the Fund was changed to MSCI All Country Asia Pacific ex Japan Small Cap Daily Total Return Net Index. Such change was made because the Investment Manager of the Fund reasonably considers that such benchmark is more reflective of the Fund’s investment strategy than the previous benchmark.
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