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
Perpetual has appointed a new CEO for affiliate J O Hambro Capital Management, as it tries to stem outflows and refresh the brand.
Outflows of US$1.4 billion from its US equity funds have contributed to GQG Partners reporting its highest monthly outflows for 2025 in August.
Domestic equity managers are lagging the ASX 200 in the first half of the year, according to S&P, with almost three-quarters of Australian equity funds underperforming over the six-month period.
ETFs saw almost $5 billion of inflows during August, with international equities gaining double those of fixed income funds, as total assets close in on $300 billion.
