Premium Asia fund ‘recommended’ by Lonsec
Premium China Funds Management has been awarded a ‘recommended’ rating from research house Lonsec for its Premium Asia fund.
Lonsec said the firm was a Chinese equity specialist and had good access to corporates.
The manager, Renee Hung, was considered to be an experienced Asian equity investor, it said, who had established a ‘pleasing track record’ in managing the fund.
Premium China executive director and chief investment specialist, Jonathan Wu, said the recommendation was recognition for the fund’s performance.
Over three years to 31 March, 2020, the fund had returned 26.9% versus returns of 24.1% by the Asia Pacific ex Japan equities sector within the Australian Core Strategies universe, according to FE Analytics data.
Last year, the firm announced it would reduce the fee on the Premium Asia fund by 45bps and would remove the performance fee.
Performance of Premium Asia fund versus Asia Pacific ex Japan equity sector over three years to 31 March 2020
AUTHOR
Laura Dew
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