Société Générale Asset Management (SGAM) has launched an Asia Pacific fund in its Luxembourg Sicav. ...
Société Générale Asset Management (SGAM) has launched an Asia Pacific fund in its Luxembourg Sicav.
The product, managed by Nipa Ladiwala, invests in both emerging and developed Asia.
In the former, Ladiwala will focus on picking growth stocks for the region. Countries she will concentrate on will include China, India, Indonesia, South Korea, Malaysia, the Philippines, Taiwan and Thailand.
In developed Asia, Ladiwala is to look for stocks offering the most attractive dividend yields. Among the countries in this investment universe are Australia, New Zealand, Hong Kong and Singapore.
The product will be run out of SGAM's Singapore office and will be supported by the company's partner offices in China, India and Korea.
There is no minimum investment for the fund. The initial charge for the product is 5% and the annual management fee is 2%. The product will be available throughout Europe as well as Hong Kong and Lebanon.
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