Premier's Fen Sung revamps China Enterprise


Premier's Fen Sung has already turned over half of the holdings in the Eastern Enterprise fund (renamed China Enterprise on June 1) since he took over the reigns last month from Richard Muckart.

Sung has been in charge since June 1; this follows previous manager Muckart's decision to retire from fund management. The fund now carries a remit to invest in equities issued by companies with significant exposure to the Greater China region and is benchmarked to MSCI Golden Dragon index. "With the remit I can now invest basically anywhere were a stock is listed, but it must have revenue from China," explained Sung. "It allows me to go into areas such as Singapore, the US and the London AIM market." Sung outlined the appeal of Singapore's S-chip market - comprised of companies ...

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