First Sentier ex-20 Aus Share Active

PIM1925AU

First Sentier ex-20 Aus Share Active PIM1925AU Strategy

The Fund’s strategy is to invest in mid to small cap companies which the Investment Manager believes are growing strongly and generating positive returns on capital. By tapping into the broader opportunity set of the S&P/ASX 300, the Fund is able to diversify away from the larger financials and resources companies that dominate the S&P/ASX 20 Index and focus on medium to small cap, quality Australian companies that the Investment Manager believes have strong balance sheets, earnings growth and high or improving returns on invested capital.
The investment objective & strategy is a summary of the investment's principal strategy as written in the prospectus. This information is pulled from the most recent product disclosure document.

Funds News & Analysis

funds

KiwiSaver Survey | December Quarter 2025

KiwiSaver assets increased, ending the quarter at close to NZD 145 billion rising almost $5b this quarter due to a combination of market returns across the board, and inflows.
funds

Australia’s best fund managers chart the course for 2026

How Australian managers are navigating the investment seas.
funds

Listed Investment Companies monthly performance: December 2025

The Morningstar LIC monthly report provides a snapshot of ASX-listed LICs, and whether they are trading at a premium or a discount to their net tangible assets (NTA).

Morningstar Investment Ideas

Markets

Index
Last price
Change
% Change
All Ordinaries9,163.805.80-0.06%
CAC 408,344.3832.640.39%
DAX 4024,991.7876.900.31%
Dow JONES (US)49,500.9348.950.10%
FTSE 10010,480.5634.210.33%
HKSE26,705.94138.820.52%
NASDAQ22,546.6750.48-0.22%
Nikkei 22556,806.41135.56-0.24%
NZX 50 Index13,117.9180.27-0.61%
S&P 5006,836.173.410.05%
S&P/ASX 2008,937.108.30-0.09%
SSE Composite Index4,082.0751.95-1.26%

Market Movers