More focus on Asian markets
ANZ and HFA Asset Management have launched a new capital protected investment fund with a focus on the growing economies of Asia, they announced yesterday.
The ANZ Discovery Asia Fund will be an absolute return fund, meaning it aims to deliver consistent returns regardless of market conditions.
As reported in Money Management last year, some investment funds have identified emerging Asian markets as relatively resistant to the problems caused by the global credit crunch compared to American and European markets.
HFA Asset Management joint managing director Oscar Martinis said the Discovery Asia Fund has “a very strong emphasis on capital preservation and diversification”.
ANZ will offer a 100 per cent lending package and capital protection for investors while HFA will act as the fund’s responsible entity.
The fund is open to retail and wholesale investors, with a minimum investment amount of $50,000 for people using the ANZ 100 per cent lending package and a minimum of $10,000 for other investors.
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