Comgest’s Growth Asia ex-Japan Fund joined the AMF with a 4.8 per cent weighting during the March quarter, Dixon Advisory managing director of funds management Alex MacLachlan said.
“The investment brings another Asian regional specialist into the manager line-up, whose long-term, non-cyclical, growth-oriented style adds another level of diversification,” MacLachlan said.
“The investment was funded by cash and a partial sell-down of the Lion Global Singapore Malaysia Fund.”
Comgest, with offices in Europe and Asia, seeks stocks that can generate above average returns with below average risk in the long term.
AMF also lifted its weighting to the JF Korea Fund by 2 per cent to 5.1 per cent during the quarter to boost the portfolio’s exposure to the export-oriented nation.
