Fund Rationale: FSSA Dividend Advantage Fund

FSSA Dividend Advantage Fund (the “Fund”)
SGD Retail Class A Distribution Shares (ISIN: SG9999002083)
Fund Manager Page
Daily Price & Charts

Endowus has selected the FSSA Dividend Advantage Fund for its conviction-driven portfolio of high-quality Asian equities, and its ability to generate consistently strong performance and downside resilience since its inception in 2004.

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Key Information

Fund Objective: The Fund aims to provide investors with regular distributions and long term growth, and invests all or substantially all of its assets in FSSA Asian Equity Plus Fund.

Suitability: Investors who are looking for an investment over the medium to long term, want to invest in a fund that has exposure to economies in the Asia-Pacific region (excluding Japan), want to invest in a fund with exposure to equities with potential for dividend growth and long-term capital appreciation, and are willing to accept the risks associated with equity investments.

Cost:

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* Total Fund-level Fees include fund management fee of 1.5%.
** Endowus does not charge a preliminary sales charge or any other additional fees, other than the all-in Endowus Access Fee.

Fund Characteristics

Fund Inception:  20 December 2004
Share Class Inception: 20 December 2004
Benchmark: MSCI All Country Asia Pacific ex-Japan Index

Fund AUM: SGD 4.9bn
Source: MorningStar as of 30 April 2021. Please refer to the FMC page for the most updated AUM.

Regional Allocation:

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Sector Allocation:

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Source: MorningStar as of 31 December 2020. Allocation data indicate actual exposure as a percentage of the Fund's total Net Asset Value. Please refer to the Fund Manager Page for the most updated information on Fund Holdings and Breakdown. 

Selection Criteria

Endowus has selected the FSSA Dividend Advantage Fund for its conviction-driven portfolio of high-quality Asian equities, and its ability to generate consistently strong performance since its inception in 2004.

The Fund invests directly into the Irish-domiciled First State Asian Equity Plus Fund, which is constructed using the FSSA Asian Equity team’s signature bottom-up research process of identifying quality companies at reasonable valuations, characterised by key factors such as the quality of management, strength of franchise and balance sheet, and a sustainable growth trajectory, combined with a top-down identification of opportunities in various industries and prevailing trends in the Asia Pacific region. The resulting portfolio is a conviction-driven basket of 55-70 names that often includes off-benchmark positions; we suggest that investors use this Fund to not only gain exposure to quality equities in Asia Pacific ex-Japan, but also as a diversifier to broad, index-like Asian investment portfolios.

Portfolio Manager Martin Lau has been overseeing the Strategy since 2003 (prior to the Fund inception of 2004), and we remain confident in his wealth of experience of over 25 years in the industry, as well as his 20-member team of investment professionals with an average experience of 11 years. The Fund has demonstrated a strong time-proven performance over multiple market cycles, consistently outperforming its benchmark and ranking itself as one of the top funds in the peer group, while demonstrating strong downside resilience. 

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Updated by Endowus: June 2021

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