Hiscox Far Eastern Financial fund looks to banks for long-term capital growth

Despite launching just before the 1997-1998 Asian crisis, the FPK Far Eastern Financial Fund from Hiscox has managed to significantly outperform its benchmark. The portfolio is managed on a bottom-up value-based approach and offers a concentrated list of 20-30 financial stocks in Far Eastern markets excluding Japan. The objective of the portfolio is to achieve capital growth in the medium/long-term through investment of banks, insurance companies and other financial shares that derive a substantial proportion of their profits from Far Eastern markets outside Japan. The fund is not ben...