December 2025 Fund Update: FSSA Asia Focus Insights
FSSA Asia Focus has shown resilience and growth potential through a well-managed investment strategy. The fund, established in 2015, attracts attention with its strong focus on quality companies across the Asia Pacific region, including developed and emerging markets.
FSSA Asia Focus Fund Overview
Managed by Martin Lau, a respected figure in Asian investments since joining FSSA in 2002, the Asia Focus Fund aims for long-term capital appreciation. Lau’s extensive experience, along with co-manager Rizi Mohanty’s recent appointment in early 2024, enhances the fund’s capability.
Investment Strategy and Holdings
The fund adopts a conservative investment approach, targeting high-quality companies that demonstrate strong management and long-term growth potential. Currently, the fund allocation is as follows:
- China – 35%
- India – 17%
- Taiwan – 17%
- Financials – 25% of the fund
- Technology – 25% of the fund
This distribution suggests a strategic emphasis on both financial and technology sectors, offering a balanced exposure while maintaining higher-than-benchmark investments in China.
Recent Fund Performance
As of November 2025, the FSSA Asia Focus Fund reported a total return of 162.92% since its inception. However, this is slightly below the benchmark growth of 170.12%. In the past year, the fund achieved a return of 13.01%, contrasted with the benchmark’s strong performance of 20.11%. Key factors affecting returns included:
- Strong performance from AIA and Tencent.
- Recent additions like H World Group contributing positively.
- Challenges in the technology sector impacting overall returns.
Future Outlook
Looking ahead, FSSA aims to transition additional funds from Stewart Investors following a recent management acquisition. This shift will entail aligning these funds with the Asia Focus strategy while ensuring consistent performance and quality investment.
The managers maintain a disciplined approach during market fluctuations, reflecting a commitment to long-term stability rather than short-term gains.
Cost Structure
The fund has a competitive ongoing charge of 0.90%, with a discount available for El-Balad clients, reducing this to 0.75%. It’s crucial for investors to consider the implications of platform fees which may affect net returns.
Environmental, Social, and Governance (ESG) Focus
FSSA integrates ESG considerations deeply into its investment philosophy. They are committed to investing responsibly and exclude companies involved in tobacco and controversial weaponry. Active engagement with management ensures that sustainability remains prioritized across company operations.
In summary, the FSSA Asia Focus Fund exemplifies a strategic and responsible investment approach, positioning itself as a viable option for investors seeking stable, long-term growth in the Asia Pacific markets.
