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SVS DW Asia ex-Japan All-Cap Fund

Why choose this fund?

This is a long-only fund and uses a flexible and unconstrained approach based on bottom-up stock selection and company fundamentals. With a track record of more than 10 years, the fund aims to invest across the market cap spectrum, focusing on companies greater than $100m market cap.

The fund’s nominal benchmark is the MSCI All-Country Asia Pacific ex Japan Index, but it is not constrained to follow this or any other index. Typical of the fund’s unconstrained approach is that its active share, a measure of the percentage of holdings that differ from the benchmark index, is typically greater than 80%. The typical number of positions within the portfolio is around 60 to 80.

Fund Facts

  • Fund Launched on 30th October 2009
  • Available to invest in SIPP and ISA wrappers
  • IA Sector: MSCI AC Asia Pacific ex Japan GB
  • SEDOL: B5448k8 (B Class) & BMHGNL6 (EUR B Class)

How to invest

The SVS DW Asia ex-Japan All-Cap Fund is available on the following platforms:

Directly through Dowgate Wealth

Hargreaves Lansdown


AJ Bell


Standard Life


Investment Philosophy and Process

Our strategies are unconstrained, high conviction, long only equity strategies, which invest across the market cap spectrum; where typically 30-60% of the portfolio is invested in small and mid-cap, defined as companies with a market cap between US$100mn – US$10bn. We believe that quality companies, which may be small or medium sized, often undiscovered, mispriced and overlooked by the market and exposed to predictable structural changes, have the greatest potential to generate alpha. Our strategy allows us to follow those changes and gives us a clear idea of how they will perform over the longer term. We like innovative companies across industries and sectors which are at the heart of change, solving real world challenges.

About the Fund Manager

  • Jane Andrews
  • Manages the DW Asia ex-Japan All-Cap Strategy and DW Asia Income & Growth Strategy.
  • Jane founded BambuBlack Asset Management in July 2019 and joined Dowgate in November 2023.
  • Previously was a Partner and Portfolio Manager at Smith & Williamson for over 20 years, managing the Far Eastern Income & Growth Fund, and the Oriental Growth Fund.
  • Other roles include tenures at John Govett, managing Govett Pacific Income and Asian and Japanese pension funds at CIM Fund Managers.
  • Jane has over 30 years’ experience of investing in Asia Pacific.


A fund is an investment that pools together the money from many individual investors. Fund managers then invest this money in a wide range of shares according to the objective of the fund. Each investor is issued units, which represent a portion of the holdings of the fund. These units can be bought or sold on a daily basis.

Funds are a popular choice with investors because they offer access to a ready-made investment portfolio that is managed by a sector specialist. You get instant access to a diversified portfolio for a much lower cost than purchasing the individual investments yourself and an improved liquidity profile with daily dealing.

Please find our monthly fund factsheets here and Key Investor Information Documents (KIIDs) below:

KIID – SVS DW Asia ex-Japan All-Cap Fund B Class Accumulation

KIID – SVS DW Asia ex-Japan All-Cap Fund B Class EUR Accumulation

Please find our Prospectus here and Annual Report & Accounts here (coming soon).

Our funds are available by opening an account directly with us, through your Financial Advisor if they manage your investment portfolio or through retail platforms such as Hargreaves Lansdown, Interactive Investor and AJ Bell. If your platform is not listed, please submit your enquiry to funds@dowgate.co.uk.

These share classes represent different units of the same fund.