CRUX Asia ex-Japan Fund
Fund Opportunity
Central to the CRUX Asia ex-Japan fund is an investment philosophy which focuses on active investing for the long-term, on a 3-5years+ basis. This longer than average time frame allows the investment team to analyse consumer trends, identify behavioural biases and exploit market inefficiencies, often overlooked by the market who typically forecast earnings over a 2-year period. The fund manager seeks companies that will double their revenue earnings over a 3–5-year period and is unconstrained by the benchmark in terms of stock, country and sector exposure.
Investment Process
A key component of the investment philosophy is the Fund Managers belief in ‘Growth2’, whereby investing in the best growth stocks in the faster growing regions allows the fund capture opportunities and generate alpha. The fund manager anticipates change and embraces opportunity, which means recognising the world is changing rapidly and one is unable to forecast the future, however by thinking longer-term and looking for change, the fund will be better positioned to capture these opportunities.
Fund Facts
| Fund Name | Strategy | Fund Manager | Style | Pricing | Eligible Assets | Benchmark | Structure |
|---|---|---|---|---|---|---|---|
| CRUX Asia ex-Japan Fund | Asian ex-Japan multi cap Fund | Ewan Markson-Brown | Active | Daily | Asian and overseas equities | MSCI Asia ex-Japan Index | Luxembourg Domiciled SICAV EU -UCITS |
| Share Class | Share Type | Eligible investors | Share Class Currency | ISIN | Ongoing Charges* (OCF) | Performance Fee | Minimum Investment Amount |
|---|---|---|---|---|---|---|---|
| A-Class | Accumulation | All investors | GBP | LU2382310436 | 1.30% | None | €1,000.00 |
| A-Class | Accumulation | All investors | EUR | LU2382310949 | 1.30% | None | €1,000.00 |
| A-Class | Accumulation | All investors | USD | LU2382311590 | 1.30% | None | €1,000.00 |
| B-Class | Accumulation | Institutional Investors | GBP | LU2382310352 | 0.70% | None | €1,000.00 |
| B-Class | Accumulation | Institutional Investors | EUR | LU2382310865 | 0.70% | None | €1,000.00 |
| B-Class | Accumulation | Institutional Investors | USD | LU2382311327 | 0.70% | None | €1,000.00 |
| B-Class | Income | Institutional Investors | GBP | LU2382310279 | 0.70% | None | €1,000.00 |
| B-Class | Income | Institutional Investors | EUR | LU2382310782 | 0.70% | None | €1,000.00 |
| B-Class | Income | Institutional Investors | USD | LU2382311244 | 0.70% | None | €1,000.00 |
| F-Class** | Accumulation | Institutional Investors | GBP | LU2382313299 | 0.60% | None | €8,000,000.00 |
| F-Class** | Accumulation | Institutional Investors | EUR | LU2382310600 | 0.60% | None | €8,000,000.00 |
| F-Class** | Accumulation | Institutional Investors | USD | LU2382311160 | 0.60% | None | €8,000,000.00 |
| F-Class** | Income | Institutional Investors | GBP | LU2382313372 | 0.60% | None | €8,000,000.00 |
| F-Class** | Income | Institutional Investors | EUR | LU2382310519 | 0.60% | None | €8,000,000.00 |
| F-Class** | Income | Institutional Investors | USD | LU2382311087 | 0.60% | None | €8,000,000.00 |
*The ongoing charge is estimate only. This figure may vary year to year.
** Subscription deadline - Subscriptions orders must be received on or before 17 December 2021. Thereafter the F-Class will be closed to new investors
Fund Performance
Meet the Manager
Ewan Markson-Brown
Ewan Markson-Brown joins CRUX on the 9th September 2021. He has worked in the investment industry for over 21 years. Ewan was an investment manager in the Emerging Markets Equity Team at Baillie Gifford 2013-2021, where he co-managed the Pacific Fund since May 2014 and Pacific Horizon Investment Trust PLC since March 2014. Prior to Baillie Gifford, Ewan was a Senior Vice President in Emerging Markets at PIMCO. He previously worked at Newton for five years as Lead Portfolio Manager on an Asia Pacific Equity Strategy, as well as segregated Asian income and Japanese Equities Strategies. He graduated MA in Politics, Philosophy and Economics from the University of Oxford in 2000.
Fund Literature
Watch the Webinar
Fund Objectives and Investment Policy
The investment objective of the CRUX Asia ex-Japan Fund is to produce returns and achieve long term capital growth through investment primarily in equity securities in Asia (excluding Japan) and Australasia. The Fund will not concentrate its investments in any country, market or sector.
Benchmark : MSCI All country Asia ex Japan Index
The benchmark is a comparator against which the Fund’s performance can be measured. The index has been chosen as the Fund’s benchmark as it best reflects the scope of the Fund’s investment policy. The benchmark is used solely to measure the Fund’s performance and does not constrain the Fund’s portfolio construction.
The Fund is actively managed. The Investment Manager has complete freedom in choosing which investments to buy, hold and sell in the Fund. The Fund’s holdings may deviate significantly from the benchmark’s constituents.
The Fund seeks to achieve its investment objective by investing at least 90% of its net assets directly or indirectly in equity securities and equity related instruments of companies that are listed and/or domiciled in Asia (excluding Japan) and Australasia or derive the majority of their revenues from business activities in this region. The Fund investments in the Asian region also include investments in China through Stock Connect, representing up to 70% of the total investments, if the manager considers it opportune. Investments in China may include investments in China A shares and in depository receipts.
The Fund is actively managed and will invest of companies of any size and in any sector. This means that the Investment Manager is taking investment decisions with the intention of achieving long term capital growth without focussing on a particular asset selection, regional allocation, sector views and overall level of exposure to the market.
If the Investment Manager believes it to be beneficial to the Fund, some limited exposure to transferable securities outside Asia may be undertaken up to 10% of its net asset value.
Contact Us
For individual investor enquiries please contact the Fund's Administrator.
in writing to:
State Street Bank Luxembourg S.C.A
CRUX Global SICAV
Attention : IFDSL Registration Team
49 Avenue J.F. Kennedy
L-1855 Luxembourg
or by phone:
+352 4640 10 600
Office hours are between 9am and 5pm (CET) Monday to Friday
How to Invest
You can invest in the CRUX Asia ex-Japan Fund, a sub Fund of the CRUX Global SICAV, via several methods, which include:
Fund platform
The CRUX Asia ex-Japan Fund is available to purchase through a wide range of platforms and supermarkets. Please see the list of platforms and supermarkets below.
Financial Advisor
Your financial adviser can give you advice on making an investment. They will help plan your investments based on your overall financial goals. If you do not have a financial adviser, please visit unbiased.co.uk
Direct
You may invest directly by completing the appropriate application form, which is available from the literature section of this webpage and returning in to the address provided on the application form.
The CRUX Asia ex-Japan Fund has multiple share classes available, some with different minimum investment amount or charging structures. Please refer to the Fund Fact section of this page or the literature section of our website for more information.
Important information
The material within this website (including research) is for informational purposes only and does not constitute investment advice or a recommendation to buy or sell an investment.
The CRUX Asia ex-Japan Fund is available via the following providers:
Currently Available
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Fund Registrations:
| Fund | Domiciled | UK | Switzerland | France | Spain | Luxembourg | Germany |
|---|---|---|---|---|---|---|---|
| TM CRUX UK Core Fund | UK | Yes | |||||
| TM CRUX UK Special Situations Fund | UK | Yes | |||||
| TM CRUX European Special Situations Fund | UK | Yes | Yes | ||||
| TM CRUX European Fund | UK | Yes | Yes | ||||
| CRUX (Lux) European Special Situations Fund | Luxembourg | Yes | Yes | Yes | Yes | Yes | Yes |
| CRUX Asia ex-Japan Fund | Luxembourg | Yes | Yes | Yes | Yes | Yes | Yes |
| CRUX China Fund | Luxembourg | Yes | Yes | Yes | Yes | Yes | Yes |