Skandia Investment Management Limited (SIML) has added the Hamon Asian Market Leaders fund to its £30m multi-manager Far East Equity Blend vehicle.
The Hong Kong-based Hamon Asian Market Leaders fund is the fifth mandate in SIML’s Far East Equity Blend, accounting for 15% of the fund.
Managed by Hugh Simon and team, the Hamon fund has an absolute return focus with no regard to benchmark. The fund has returned 21.47% over the year to 30 April, but is down 17.42% so far in 2008.
SIML’s Far East Equity Blend fund line-up is:
- 19% - First State mandate
- 19% - MBA mandate
- 19% - Aberdeen Asia Pacific
- 15% - AXA Rosenberg Pacific ex Japan Small Cap Alpha
- 15% - Hamon Asian Market Leaders
- 13% - First State Asia Pacific Leaders
“With our local investment professionals focused approach, we aim to generate alpha by identifying domestic companies in Asia that will benefit from Asian economic growth,” Hamon founder and manager Hugh Simon says.
“After the recent correction, we are very excited about the return prospects and valuations.”
SIML fund manager Ryan Hughes adds: “Hamon have an excellent pedigree in Asia and we are very pleased to be including Hamon in the fund. Hugh is the founder of the business, an energetic and highly motivated investor with a long track record in Asia, and has carefully built up a team around him.”IFAonline
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