View more on these topics

Dalton backing Korea with pan-Asian launch

Dalton Strategic Partnership has set up a pan-Asian equity fund, which will be managed by Sally MacDonald.

The Melchior pan-Asian Advantage fund is a them-atic portfolio that will invest in between 45 to 75 stocks in markets including Hong Kong, China, India, Australia and New Zealand.

MacDonald, who was previously a senior fund manager on the Asia equity team at Morley Fund Management, will not be constrained by benchmarks.

Investment themes at launch of the fund include construction machinery and infrastructure spending while two-thirds of the portfolio is in cyclical stocks.

Korea has the biggest country exposure at 28 per cent, with China, Taiwan and Hong Kong also in favour.

MacDonald says: “Asia’s aggregate figures mask enormous intra-regional disparities. In the rush for China and India, other parts of the region are being overlooked or forgotten. A huge infrastructure cycle is starting outside of China and India.

“I think that earnings’ upgrades will continue to come through in Korea, Thailand, Malaysia and Indonesia. I particularly like the industrial machinery, construction and financial sectors.”

Minimum investment is £10,000 and annual charge is 2.15 per cent.

Recommended

Inflation rate slows to 2.8%

The UK’s rate of inflation slowed to 2.8 per cent in April from 3.1 per cent in March after energy bills were cut, according to the latest figures from the Office of National Statistics.

Skandia pays 88% of critical claims

Skandia paid out on 88 per cent of critical-illness insurance claims totalling more than 181m to 1,920 policyholders last year.Cancer remains the most common claim, accounting for 59 per cent of claims and payouts totalling 90.8m.Fifteen per cent of claims paid out for heart attack, 8 per cent for heart surgery and 7 per cent […]

Changing fortunes

Asset market returns in the first quarter of this year were tightly bunched, presenting a significant challenge to clients’ portfolios.

Guilty by association

How the recent case of Smith and Others vs HMRC has brought the associated operations rule into the spotlight.

Guide

Guide: 10 required letters — what to send, to whom and when?

This guide from Johnson Fleming will take you through the required communication and also give ideas for additional actions that will ensure your auto-enrolment project is a success. The topics in this guide include: the letters you need to send out; what to send and when; the importance of employee engagement; and what to consider as additional communication.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment