Neptune has expanded its OEIC range with two new fund offerings, Latin America and Asia Pacific.
Launching on 3 December, the Latin America fund will be run by Felix Wintle and Shelley Kuhn will take control the Asia Pacific fund. Both are expected to focus on a concentrated 40 to 50 stock portfolio.
Wintle, the Neptune US Equities head US Opportunities fund manager, says Latin America is “blessed” with natural resources.
“As populations grow and incomes rise across the developing world, we expect to see significantly more demand for crops, as food is more greatly solicited for both people and livestock,” Wintle says.
“Latin America is also rich in base and precious metals. Brazil has the world’s largest mining company, Chile the largest copper mine in the world and companies throughout the region have been benefiting greatly from the boom in commodity prices, evident over the last three years.
“Neptune expects to see this boom continue and we are well poised to capitalise on the opportunities that will present themselves across the Latin American region in the coming years.”
Kuhn, Neptune India fund manager and China fund assistant manager says her new offering will invest predominantly in a concentrated portfolio of securities from Asian and Pacific markets (excluding Japan).
“Asia has emerged as one of the most compelling growth story in the world today,” she says. “Current robust growth is underpinned by strong demographics and the long-term economic outlook is bullish.”
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