DSP is launching the Melchior Greater China opps fund, to be managed by Henrietta Luk.
The fund aims to achieve long-term capital growth by investing in a concentrated portfolio of stocks. Luk, based in Hong Kong, achieved annualised returns of 22.09 per cent over the four years to 31 December 2004 when she managed the EVA shareholders value fund.
The fund invests mainly in companies listed in Hong Kong, although stocks listed in Taiwan, South Korea, Malaysia and Singapore will be considered. Two key themes for the fund at launch are outsourcing of manufacturing by Asian companies to China and China as a marketplace for consumer goods.
Minimum investment is 10,000 with an annual management fee of 2.15 per cent. Initial fee is 5 per cent.