Premium China wins Alpha’s mandate
Premium China Funds Management has been awarded a mandate for its Premium Asia Income Fund by Alpha Fund Managers.
According to Premium China Funds Management’s executive director and chief investment specialist, Jonathan Wu, the win represented “the recognition of the uniqueness of the product within the Australian and New Zealand market.”
The fund aimed to provide investors with a minimum six per cent income per annum and invested in a portfolio of high-yielding fixed interest securities across Asia, the Middle East and the Commonwealth of Independent States (CIS).
According to the company, since its inception in August, 2011, the fund delivered 11 per cent per annum net of fees to investors, with under 5.4 per cent annualised volatility.
At the same time, the fund paid quarterly distributions amounting to no less than six per cent per annum.
“By not taking into account the credit ratings paid for by corporates to the largest western rating agencies, we are able to expand our breadth of research to uncover overlooked credit securities in the market paying superior yield with less risk that what market perceives,” Wu said.
“It is fantastic to see forward thinking institutional multi-managers like Alpha Fund Managers appreciating the power of in-depth credit research in places like Asia.”
AUTHOR
Oksana Patron
Recommended for you
Financial advisers have expressed concern about the impact including private market exposure is having on their tracking error budget, according to MSCI.
State Street will restrict its membership of global climate alliance Net Zero Asset Managers after the organisation dropped its flagship 2050 goals amid ESG backlash from the US.
Betashares has launched a global shares and a global infrastructure ETF as part of the firm’s strategic expansion strategy to support financial advisers in building more diversified portfolios.
Global asset manager Janus Henderson could be acquired after receiving a non-binding acquisition proposal jointly from a private investment firm and venture capital firm.
