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.”
Recommended for you
Several wealth management companies have been shortlisted in the second annual Australian AI Awards program, which champions individuals and organisations pioneering Australian AI innovation.
Women are expected to inherit US$124 trillion through the intergenerational wealth transfer, but Capital Group has found they are twice as likely to rely on social media for advice over a financial adviser.
Challenger Investment Management has raised $350 million during the offer period for its new ASX-listed investment structure.
A week after Lonsec downgraded multiple funds from Metrics Credit Partners, rival research house Zenith Investment Partners has opted to retain its ratings for the same funds.