Premium Asia fund ‘recommended’ by Lonsec
Premium China Funds Management has been awarded a ‘recommended’ rating from research house Lonsec for its Premium Asia fund.
Lonsec said the firm was a Chinese equity specialist and had good access to corporates.
The manager, Renee Hung, was considered to be an experienced Asian equity investor, it said, who had established a ‘pleasing track record’ in managing the fund.
Premium China executive director and chief investment specialist, Jonathan Wu, said the recommendation was recognition for the fund’s performance.
Over three years to 31 March, 2020, the fund had returned 26.9% versus returns of 24.1% by the Asia Pacific ex Japan equities sector within the Australian Core Strategies universe, according to FE Analytics data.
Last year, the firm announced it would reduce the fee on the Premium Asia fund by 45bps and would remove the performance fee.
Performance of Premium Asia fund versus Asia Pacific ex Japan equity sector over three years to 31 March 2020
AUTHOR
Laura Dew
Recommended for you
Some 42 per cent of CEOs say they are actively reinventing their business to stay relevant in the next decade, with consumer services the most common choice for asset and wealth managers.
Former Ophir Asset Management chief executive, George Chirakis, has joined private equity manager Scarcity Partners, while the asset manager has appointed a replacement from Macquarie.
Australian Unity has appointed a fund manager for its Healthcare Property Trust, joining from Centuria Healthcare, as it restructures the product with a series of senior appointments.
Financial advisers nervous about the liquidity of private markets funds for their retail clients are the target of fund managers launching semi-liquid products which offer greater flexibility and redemptions.
