First Sentier Investors Global Umbrella Fund PLC - FSSA Greater China Growth Fund Accum I USD


The FSSA Greater China Growth Fund, led by highly regarded Manager, Martin Lau, invests in businesses with earnings mostly from China, Taiwan, and Hong Kong and seeks long term capital appreciation.

The Manager has a disciplined “house” investment philosophy of selecting well-managed businesses with dominant franchises and conservative balance sheets for the long term. Stock selection is key to risk management, with a concentrated portfolio consisting of 45-59 stocks. Turnover has been low at below 20% in the past three years.

As expected of First Sentier (previously First State), the investment decision-making process and stewardship were highly integrated and implemented in practice were given. The ESG process and framework are well developed and integral to the investment process and followed through notably active stewardship.

The Fund has underperformed benchmarks on a one and three-year basis under a highly competitive space where a typical trade-off between volatility and performance is not unusual.

This Fund has been reviewed by three industry veterans of the Benchmark judging committee.

House Awards: Greater China Equity
Hong Kong – Outstanding Achiever

Sustainability Awards: Greater China Equity
Singapore – Top ESG – Best-In-Class
Singapore – Top GC – Best-In-Class
Singapore – Significant Improvement – ESG
Hong Kong – Top ESG – Best-In-Class
Hong Kong – Top GC – Outstanding Achiever
Hong Kong – Significant Improvement – ESG


ISIN: IE0031814852
Inception Date: 10/18/2002
AUM: USD 1123514725.49
Manager Name: Martin Lau, 18/10/2002; Winston Ke, 01/07/2019
Total Expense Ratio: –
3-Yr Return: 51.19%
3-Yr Max Drawdown: -17.45%

ESG Score: 55.66
GC Score: 54.83
Near-Term Score(<=2°C): 39.83%
Business Involvement:
Alcohol Involvement: 1.46%, …

Investment Style Consistency: 1.00
Environmental Consequence: 5.00
Stewardship – Engagement: 4.44

Contact Details:

Company Website:

Name: Christy Goh

Title: Director, Intermediary Business, South East Asia

Contact Number: +65 6580 1353

Email Address:

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