CFSGAM launches Asian growth strategy in Australia

investment management colonial first state Colonial first state global asset management global equities Asian equities funds management

21 June 2016
| By Anonymous (not verified) |
image
image
expand image

Colonial First State Global Asset Management (CFSGAM) has announced its Asian growth strategy fund, which launched in Asia in 1999, will now be accessible to Australian investors.

The firm said the fund, the Colonial First State Wholesale Asian Growth Fund, would be the first Australian unit trust managed by their First State Stewart Asia investment team.

The fund aimed to achieve long-term capital growth that exceeded the MSCI AC Asian ex-Japan index over a rolling five-year period, and invested in established companies that operated mainly in the Asian region (excluding Japan).

It held 30 to 60 holdings and was accessible to Australian investors from March 2016.

According to their website in Asia, the First State Asian Growth Fund yielded five per cent per annum over five-year periods (excluding initial charges), and 7.3 per cent over 10-year periods. Meanwhile, the index yielded 1.5 per cent and 4.2 per cent over five and 10 year periods respectively.

First State Stewart Asia managing partner, Michael Stapleton, said: "There are relatively few investment products in Australia that invest specially in Asia, ex-Japan. We believe there is growing demand for strategies that can tap into the long-term growth trends in the region".

He said the Asian growth strategy fund was a high-conviction portfolio, made up of quality companies that operated in Asia, and despite the macro-economic challenges, would prosper.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

Interesting. Would be good to know the details of the StrategyOne deal....

4 days 5 hours ago

It’s astonishing to see the FAAA now pushing for more advisers by courting "career changers" and international recruits,...

3 weeks 2 days ago

increased professionalism within the industry - shouldn't that say, FAR register almost halving in the last 24 months he...

4 weeks 1 day ago

Insignia Financial has made four appointments, including three who have joined from TAL, to lead strategy and innovation in its retirement solutions for the MLC brand....

2 weeks 4 days ago

A former Brisbane financial adviser has been charged with 26 counts of dishonest conduct regarding a failure to disclose he would receive substantial commission payments ...

3 days 3 hours ago

Pinnacle Investment Management has announced it will acquire strategic interests in two international fund managers for $142 million....

2 days 6 hours ago