Colonial First State launches new Asian fund

Colonial First State launches new Asian fund

Colonial First State Global Asset Management has announced the launch of its new Asia Wholesale Growth Fund.


The fund is the first Australian unit trust to be managed by Colonial First State’s (CFS's) First State Stewart Asia (FSSA) team.

CFS’s Asian growth strategy was launched in 1999, and the new fund will provide Australian investors with access to the strategy.

The fund invests chiefly in equities issued by companies that are “established, operating, or have their economic activity mainly in the Asia region” (excluding Japan).

FSSA managing partner Michael Stapleton said the fund, and its concentrated portfolio, will garner returns through a “persistent focus on quality” rather than quantity.

“The Asian Growth strategy is a high-conviction portfolio of quality companies that operate in the Asia region. Despite the macro-economic headwinds, we believe that high quality businesses will ultimately find a way to prosper,” Mr Stapleton said.

The aim of the fund will be to outperform the MSCI AC Asia ex-Japan index on a rolling five-year basis.

Read more:

Aussie equity managers return 3.8% in May

AZ NGA hits $3.1bn in AUM

CBA appoints group general counsel

Beware the ‘power of the crowd’: Medcraft

Retail OTC market 'non-compliant', says ASIC

 

Colonial First State launches new Asian fund
investordaily image
ID logo
promoted stories

Appointments

investordaily image

Fortnum hires former Centric Wealth CEO

Staff Reporter

Deborah Ralston

SMSF Association names new chair

Katarina Taurian

Curtis Cifuentes

Avenir Capital hires investment director

Staff Reporter

Analysis

Maurizio Canton

Striking a balance between security and innovation

Maurizio Canton

Greg Kuhnert

Backing China in the Year of the Dog

Greg Kuhert

investordaily image

The benefits of good data governance

Steve Singer