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Asia Top Picks Fund

The Asia Top Picks Fund currently focuses on Vietnam’s equity market. It aims to achieve long-term capital appreciation by targeting high-potential businesses that are underpriced by fundamental standards or offer above-average growth prospects at reasonable valuations.

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Introduction

The Asia Top Picks Fund aims to deliver consistent and attractive returns through active portfolio management. The fund invests in high-potential businesses that are inexpensive by fundamental standards or offer above-average growth prospects at reasonable valuations.

The strategy is benchmark agnostic and aims to maximize the medium to long-term return through controlled risk-taking and substantial company exposure. However, the timing of the potential value increase is uncertain, so the focus is on forecasting the total return of the investment. As a result, the fund’s performance may substantially deviate from the general development of the securities market.

The fund has a flexible mandate, focuses on South East Asia, and invests in one or two countries simultaneously. It can take extraordinary measures to achieve its objectives, such as investing in other collective investment schemes or engaging with the fund’s investee companies to realize their fill potential.

General terms

Inception18 March 2019
RegionAsia ex-Japan
TargetAccredited investors
Minimum investmentUSD 150,000
Management fees1.25% - 1.75%
Performance fees10% - 15%
High water markYes
Hurdle rate7% p.a.
Subscription frequencyMonthly
Redemption frequencyMonthly

Fund structure

Legal structureSociété Anonyme (S.A.), SICAV-SIF
Fund nameAccess S.A., SICAV-SIF – Asia Top Picks
DomicileLuxembourg (LUX)
Investment ManagerKenno Asset Management Pte. Ltd.
AIFMLemanik Asset Management S.A.
AdministratorCACEIS Bank, Luxembourg Branch
Depositary bankCACEIS Bank, Luxembourg Branch
Registrar & transfer agentCACEIS Bank, Luxembourg Branch
Supervisory authorityCSSF (Luxembourg)
AuditorDeloitte
Legal advisorElvinger Hoss Prussen

Cumulative Returns since Inception

Asia Top Picks Fund

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Class B returns are used for illustrating the fund's performance.

Monthly Returns over the last 6 Years

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Class B returns are used for illustrating the fund's performance before the launch of first Class A shares (1.1.2022).

Disclaimer

Past performance is not a reliable indicator of future results. Prospective investors should consult the Fund's official offering documents before making any investment decisions. 

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For Private Individuals

Invest alongside us as individuals. If you're interested, simply contact us, and we’ll do our best to help you prepare the documents related to your investment.

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For Entities

Invest alongside us as entities. For clients referred through an advisor or an intermediary, your referral entity will assist you with the document preparation process.

Resources

Prospectus

The official document detailing the Fund’s strategy, structure, risks, fees, and terms. A must-read for prospective investors.

Factsheets

Key information on the Fund, including performance and fees for active shares classes, as well as portfolio breakdown.

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Have questions? Our answers here might help.

Who is this fund for?

The Fund is designed for well-informed, professional, and accredited investors seeking long-term capital accumulation. It suits those with a moderate-to-high risk appetite and an interest in inefficient markets like Vietnam.

What is the investment strategy?

We currently run a high-conviction, thematic portfolio focused on Vietnam’s domestic consumption growth. The Fund invests in a select group of high-quality, publicly listed companies across sectors like retail, healthcare, real estate, and tech.

How is the fund structured?

The Fund is Luxembourg-domiciled under ACCESS S.A., SICAV-SIF. Portfolio management is handled by Kenno Asset Management Pte. Ltd., with Lemanik Asset Management S.A. as the licensed AIFM and CACEIS Bank as administrator and depositary.

What are the minimum investment and fees?

The minimum subscription is USD 150,000. We charge a management fee from 1.25% and a performance fee from 10%, as outlined in the Fund's prospectus.

How often can I invest or redeem?

The Fund offers monthly subscription and redemption windows, subject to board approval and cut-off deadlines.

How can I track my investment?

Investors receive monthly performance reports via email and secure access to key updates. Our IR team maintains ongoing communication and support.

How do I invest?

Simply reach out to our Investor Relations team at IR@kenno.com. We’ll walk you through the onboarding process. Kindly refer to the Fund’s prospectus before deciding to invest.
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