Prusik stems Asian Eq Inc flows with 3 charge
Prusik Investment Management has added a 3% temporary front-end charge to its Asian Equity Income fund in order to stem inflows as the fund passes $900m of assets under management.
Prusik Investment Management has added a 3% temporary front-end charge to its Asian Equity Income fund in order to stem inflows as the fund passes $900m of assets under management.
We have had very little exposure to India since we launched the Asia Income Fund and still believe we can find better equity exposure within the region, writes Mark Williams, co-manager of the Asia Income Fund.
Asian leaders should use the current slowdown to push through some much-needed structural reforms, First State’s Angus Tulloch and Martin Lau have said, arguing that turning weakness to their advantage will boost growth over the longer term.
City Financial is to launch an Asian macro fund in the first quarter of 2014 to be managed by Geoffrey Barker in a joint venture with the group's Hong Kong subsidiary.
The noise traders remain obsessed with tapering with their spokespeople queuing up this week to say that the Fed had lost credibility, which is market speak for the Fed not acting in the way I had positioned my book.
Aviva Investors has launched an Asian High Yield Bond Fund aimed at investors looking to diversify their fixed income holdings and to generate higher average returns.
Smith and Williamson has changed the name and objective of its Far Eastern Growth Trust to increase its appeal to income-seeking investors.
BlackRock has launched its first UK-domiciled Asian equities fund which will take advantage of current below-average equity valuations in region.
Damian Taylor is joining Martin Currie’s Asian equities team as investment manager, a new senior research position and the latest in a line of new appointments to the team.
Jupiter has appointed BlackRock’s Peter Swarbeck as head of its Asia Pacific business at its recently opened Hong Kong office.
Jason McCay is leaving Martin Currie to set up his own business after almost 15 years at the firm.
Royal London Asset Management (RLAM) has revealed details of the new passive portfolios that will replace its Japan Growth and Far East funds.