Martin Currie Asia Unconstrained Trust (MCP) does not have a traditional Asia ex-Japan benchmark, but aims to achieve returns commensurate with GDP growth in the region. The manager’s Asia Long-Term Unconstrained (ALTU) strategy was launched in July 2008 and adopted by MCP in July 2014. Since inception, the strategy has tended to capture most of the upside in rising markets, while outperforming in falling markets. The portfolio is focused, with 20-30 holdings that have all undergone a rigorous selection process, including an in-depth forensic accounting report and a corporate governance review.