Vontobel mtx Asian Leaders (ex Japan)
Equity · Asia Pacific ex- Japan · Large Cap Blend
Figures refer to the share class ISIN LU0384410279, currency USD, clean share class.
Fund documents
For the share class shown above.
Factsheet: not publicly available (not found in the public sources checked).
KID (PDF, 28.07.2026)All documents on fundinfoKey facts
- Management company
- Vontobel Asset Management S.A.
- Asset class
- Equity
- Geography
- Asia Pacific ex- Japan
- Strategy
- Large Cap Blend
- Share class currency
- USD
- Share class inception
- 17.11.2008
- Fund size
- 710 million (as at 14.09.2026)
- Management fee
- 0.83%
- Performance fee
- No
- Liquidity
- Daily
- UCITS
- Yes
- Risk grade (SRRI)
- 4 (WSP fund database, as at 22.08.2026)
- Registered in Switzerland
- Yes
Price history
Fund and benchmark rebased to 100 at 30.09.2021.
Table view
| Period | From | Fund (100 at start) | Benchmark (100 at start) |
|---|---|---|---|
| 1Y | 03.10.2025 | 125.5 | 125.9 |
| 3Y | 29.09.2023 | 190.4 | 198.8 |
| 5Y | 30.09.2021 | 148.8 | 157.1 |
| Since 2008 | 31.01.2019 | 193.8 | 208.6 |
Total return: distributions reinvested.
In USD, the currency of the share class shown.
Fund history to 28.09.2026.
Benchmark history to 31.08.2026.
The table shows each series at its own ending date; the comparison periods are not identical.
Past performance is not a reliable indicator of future results, and the value of investments can fall as well as rise.
Performance against the benchmark
| 1M | 3M | 6M | YTD | 2025 | 2024 | 2023 | 1Y | 3Y | 5Y | Volatility | Sharpe R. | Max DD | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FundISIN LU0384410279, currency USD, clean share class | 2.19 | -2.04 | 8.93 | 27.46 | 33.20 | 10.31 | 5.58 | 43.46 | 23.92 | 8.09 | 20.09 | 0.95 | -14.35 |
| BenchmarkMSCI AC Asia Ex Japan NR USD | 3.29 | -1.34 | 10.12 | 26.13 | 32.26 | 11.96 | 5.98 | 40.52 | 24.60 | 8.52 | 18.50 | 1.04 | -13.73 |
| Differencefund minus benchmark, in percentage points | -1.09 | -0.70 | -1.19 | 1.33 | 0.94 | -1.65 | -0.40 | 2.94 | -0.68 | -0.42 | – | – | – |
Within the list: OpenList — Long Only
Compared with the equity funds on OpenList — Long Only (10 funds), each in the share class and currency its list shows. Returns are in each share class's own currency and are not converted.
| This fund | Group median | Position | |
|---|---|---|---|
| Return 1Y | 43.46 | 20.16 | 2 of 10 |
| Return 3Y p.a. | 23.92 | 18.90 | 1 of 10 |
| 3Y p.a. over its own benchmark | -0.68 | -2.39 | 5 of 10 |
| Volatility 3Y | 20.09 | 14.80 | 10 of 10 |
| Sharpe ratio 3Y | 0.95 | 0.90 | 5 of 10 |
| Max drawdown 3Y | -14.35 | -10.23 | 9 of 10 |
| Management fee | 0.83% | 0.75% | 8 of 10 |
Position 1 is the highest value, except for volatility and the management fee, where 1 is the lowest; for max drawdown, 1 is the smallest fall.
Return against risk, 3 years
Share classes on the OpenList
| ISIN | Currency | Type | Mgmt fee | 1Y | 3Y |
|---|---|---|---|---|---|
| LU0384409263 | USD | Retail share class | 1.65% | 42.23 | 22.85 |
| LU0384410279 (shown above) | USD | Clean share class | 0.83% | 43.46 | 23.92 |
Back to the list: OpenList — Long Only
Performance: in %, in the currency of the share class shown. 3Y and 5Y are annualised. Volatility and Sharpe ratio are over three years; Max DD is the largest fall over three years.
– means not applicable. "Not available in this publication" means no value is shown here; it does not mean zero.
Period figures as of 31.08.2026.
This page is advertising within the meaning of the Swiss Financial Services Act. It is not an offer, a recommendation or investment advice. The prospectus and key information document for any fund shown may be obtained free of charge from its management company or Swiss representative
WSP commentary
Draft commentary, machine-generated from the fund's monthly factsheet dated 31.08.2026; key information document (PRIIPs), not yet reviewed by WSP.
Investment rationale
This is an actively managed Asia ex Japan equity fund designed to generate long-term capital growth through listed companies that are described as leaders in their industries. With a Summary Risk Indicator of 5 out of 7 and a recommended holding period of 6 years, it is positioned for investors with a long-term horizon who can bear losses up to the amount invested. The Key Information Document states it is intended for investors with knowledge and/or experience of these types of products, and the I share class is reserved for institutional investors. Its distinct role comes from concentrated exposure to Asian equities outside Japan, including limited access to China A-shares, combined with Article 8 SFDR environmental and social characteristics and a minimum allocation to sustainable investments.
Investment strategy
The fund aims to generate long-term capital growth and is an actively managed Luxembourg UCITS classified under Article 8 SFDR. It mainly invests across Asia excluding Japan in equities and equity-like securities, including transferable securities qualified as closed-ended real estate investment trusts, participation certificates and depositary receipts of companies that are based and/or conduct most of their business in the region; it may invest up to 35% via Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect in China A-shares, up to 10% in UCITS/UCIs, up to 33% outside the main investment universe, and up to 20% in bank deposits at sight. The sub-fund must invest at least 15% of net assets in sustainable investments, and it may use derivatives for hedging, efficient portfolio management and achieving the investment objective. The benchmark is the MSCI AC Asia ex Japan Index 10/40 TRN USD, which is used for performance comparison, while the investment team retains full discretion within predefined limits; income is reinvested and the recommended holding period is 6 years.
Investment philosophy
• The investment universe is Asia excluding Japan, focused mainly on equities and equity-like securities of companies described as leaders in their industry, including participation certificates, depositary receipts and certain closed-ended real estate investment trusts.
• Portfolio construction is based on high-conviction, long-term decisions supported by in-depth research and systematic screening to identify companies with high potential for long-term profitability.
• The managers adjust positions flexibly as markets change, with the stated aim of capturing opportunities while controlling risk, and they have full discretion within the fund’s predefined investment limits.
• Sustainability criteria are incorporated in assessing potential investments; the fund promotes environmental and/or social characteristics and commits to sustainable investments, with at least 15% of net assets in sustainable investments.
• Current positioning is concentrated in technology-heavy Asian markets, with major holdings including Taiwan Semiconductor Manufacturing Company, SK Hynix, Tencent, Samsung Electronics, Samsung Electronics-Pref and Alibaba; sector exposure is led by Information Technology, and the largest country weights are China, South Korea and Taiwan.
Management team
The portfolio managers named in the factsheet are Thomas Schaffner and Raphael Lüscher. It also does not name a broader team or desk beyond listing the two portfolio managers.
The asset manager
The product manufacturer and management company is Vontobel Asset Management S.A., which is authorised in Luxembourg and supervised by the CSSF. The documents state that Vontobel Asset Management S.A. is part of Vontobel Group. The fund is domiciled in Luxembourg and structured as a UCITS umbrella fund, with this strategy offered as a sub-fund of Vontobel Fund.
Strengths
The fund combines a clear regional specialisation in Asia excluding Japan with a focus on industry leaders and an actively managed, research-driven stock selection process. It has explicit flexibility to access China A-shares through Stock Connect, use derivatives, hold a limited allocation outside the core universe, and manage liquidity with cash and deposits when needed. The strategy also embeds sustainability features through Article 8 SFDR classification and a stated minimum allocation to sustainable investments, while applying norm-based and activity-based exclusions covering coal, other fossil fuels, tobacco and weapons-related areas. Operationally, it is a daily dealing Luxembourg UCITS, is swing-pricing eligible, and follows a reinvesting distribution policy.
Risks
The fund is classified at 5 out of 7 on the Summary Risk Indicator, indicating a medium-high risk class, and the indicator assumes a 6-year holding period. The documents specifically list performance, market, operational, liquidity, equity, real estate investment trust, financial derivative instruments, emerging markets, China, currency, ESG strategy and sustainability risks. These risks are linked to the fund’s structure and exposures, including its focus on Asian equities outside Japan, ability to invest in China A-shares, use of derivatives, exposure to multiple local currencies, and sustainable investment approach. The product offers no capital protection or guaranteed return, and investors could lose some or all of their investment.