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Macquarie Asia New Stars I USD

Ranked 40 out of 42 in - Asia Pacific Small & Medium Companies over 36 months
All calculations are in USD unless stated

Managed by

John Bugg

Based in Hong Kong, John Bugg is a portfolio manager at Macquarie Funds Group. Bugg co-manages the Macquarie Asia New Stars alongside Samuel Le Cornu with an active, fundamental style. Bugg was educated in Adelaide and received a degree in Engineering, as well as an MBA in Business Administration.

Samuel Le Cornu

Samuel Le Cornu is a divisional director and co-founder of the Asia Fundamental Team at Macquarie Asset Management and is currently based in the firm’s Hong Kong office. Le Cornu joined Macquarie in 2008 and is a senior portfolio manager of the Asian Listed Equities funds, responsible for overseeing the Asian Fundamental analyst team and focusing on all sectors in Korea, Hong Kong, China, Thailand and Indonesia. Le Cornu joined from Paradice Investments where he had been a Portfolio Manager for the A$2.5bn Paradice Investment Small Cap Fund since 2005. Prior to this, Le Cornu was an analyst, portfolio manager and partner at MMC Asset Management for five years from 2000. At MMC, he specialised in the industrials, consumer, financials and health care sectors. Le Cornu holds a Bachelor of International Business, a Bachelor of Commerce, a Graduate Diploma in Applied Finance and Investments and is an Affiliate with the Securities Institute of Australia.


The Sub-Fund aims to provide Shareholders of each Class of Shares with a return which captures the potential growth of small to mid market capitalisation securities with exposure to one or more countries in Asia (ex-Japan).

Showing fund performance globally. You can view performance in individual jurisdictions.


Asia Pacific Small & Medium Companies over : 30/09/2015 - 30/09/2018

Total Return

Quarterly Performance

to 30/09/2018 Annual Q1 Q2 Q3 Q4
2018 -2.1% -7.4% -6.4%
2017 31.6% 12.4% 5.1% 1.7% 9.5%
2016 -15.6% -6.9% 0.2% 7.4% -15.6%
2015 3.4% 8.9% 9.6% -13.1% -0.3%
2014 13.5% 0.0% 7.1% 6.5% -0.5%
2013 21.5% 9.0% -0.4% 1.4% 10.4%
2012 23.9% 13.8% -9.7% 6.5% 13.2%
2011 -21.9% -1.2%

Month by Month Performance

Returns Vs Risk

Registered For Sale In

  1. Austria
  2. Finland
  3. Germany
  4. Italy
  5. Luxembourg
  6. Norway
  7. Singapore
  8. Sweden
  9. Switzerland
  10. United Kingdom

Fund Info

  • Launch date30/05/2011
  • Share Class size94Mn
  • Base currencyUSD
  • ISIN LU0633126650

Purchase Info

  • Min. initial investment1Mn
  • Min. regular additional investment0


  • Annual management0.95%
  • Initial investment0.00%

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Performance is for the period shown (month end to month end, bid/bid, gross income reinvested, calculated in USD).