Charlemagne Capital is increasing its exposure in the Far Eastern markets with the launch of the Magna Greater China Fund.
Both Yvonne Yeoh and Richard Evans manage the Magna Greater China Fund. They use a bottom up stock picking strategy with the main focus being on liquidity screening, cash flow, quality of management and balance sheet strength. Companies include Chinese listed companies on the Hong Kong stock exchange as well as Taiwan.
There are between 30 and 40 stocks in the portfolio with current exposure in the consumer and financial sector. Presently the man agers are trying to take advantage of domestic demand and companies include digital television make Skyworth and BMW producer JB Partner.
The new fund will be part of the Dublin domiciled Magna Umbrella Fund. The Magna Greater China Fund is registered in Germany and Austria and applications have been made in other markets.
The minimum investment is E5,000 and the management fee is 1.75% pa.
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