The £1bn fund will see £20m reallocated form across the portfolio for Dalrymple to manage on a thematic basis. He will concentrate on investing in those companies with the potential to benefit from growing consumer consumption in Asia.
Francois Zagame, a portfolio manager at Skandia Investment Group, explained the firm’s belief in the theme, saying: “The Chinese Government has clearly indicated that it wants the next phase of growth to be much more driven by domestic consumption than previously. There is, we believe, a compelling investment opportunity in identifying the companies most likely to benefit from this behavioural shift.
Dalrymple will take advantage of this through an investment strategy that is high conviction with a growth bias. His style is to invest in companies with solid profits that offer superior long-term share price performance.
He added: “A decade of living and working in Asia in the 1990’s left me with a lifelong belief in the boundless investment opportunities in this extraordinarily dynamic and evolving region. I have long concentrated on the domestic consumer growth themes in Asia, feeling strongly that their potential is far greater and more consistent than export plays.”
Skandia Global Dynamic Equity Fund
