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.”
