Man GLG launches Asia fund
Man GLG has launched the Asia Opportunities fund in response to adviser demand for Asian equities.
The fund applied a concentrated, style-agnostic, long-only strategy that invested in equities listed in Asia or which derived their revenue from Asia.
It aimed to achieve a gross return of 3%-5% greater than its MSCI All Country Asia ex Japan Net index over rolling three to five year periods.
It would be managed by portfolio manager, Andrew Swan, who joined Man GLG in August 2020, after nine years as head of fundamental Asian equities at BlackRock.
He said: “The fund’s philosophy is to maximise long-term capital appreciation.
“We take a flexible, fundamentals-driven approach to investing to create a concentrated high conviction portfolio of 35-45 stocks from a universe of 1,200 stocks.
“This provides exposure to a broad universe of Asia ex-Japan equities that can be difficult for individual investors to access.”
He said Asia was currently experiencing minimal inflation pressure versus developed markets and there was a lower level of speculation in Asian asset prices to be unwound.
GSFM was the responsible entity and distributor of the fund in the Australian and New Zealand markets.
AUTHOR
Laura Dew
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