Martin Currie IF Asia Pacific: Qual. Rating Issued

A disappointing 2009 doesn’t dent the long-term appeal of Martin Currie IF Asia Pacific.

Alexander Prineas 9 February, 2010 | 2:12PM
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We have published a new Morningstar Qualitative Rating and Research Report for Martin Currie Asia Pacific.

"Despite delivering a strong absolute return of 31.79%, the fund severely lagged its peers in 2009, falling behind the category average by almost 20 percentage points. This was driven more by what the fund did not hold: primarily the most cyclical stocks. This positioning stemmed from the portfolio managers and their investment process rather than any deviation from this—and one year of poor performance has not dented our confidence here. The fund is 1.74% per year ahead of the Morningstar category average from 1 July 2001 to 31 Jan. 2010. . . ."

The

://www.morningstar.co.uk/uk/snapshot/snapshot.aspx?tab=10&id=F0GBR04DGV&lang=en-GB&reportlang=en">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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About Author

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

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