JO Hambro launches two Asia funds

JO Hambro Capital Management has bolstered its investment offering with the launch of an Asia ex-Japan fund and an Asia small and mid-cap fund.

The funds will be managed by Samit Mehta and Cho-Yu Kooi, both of whom joined the firm following the acquisition of Singapore-based Silver Metis Capital Management by JOHCM in May 2011.

Mehta, who founded Silver Metis in 2007, will manage the Asia ex-Japan fund, while Cho-Yu will manage the small and mid cap fund. Both funds will hold between 35-50 stocks and will have a low turnover.

Both funds will sit in JOHCM’s Dublin range and will have sterling, euro and dollar share classes. The Asia ex-Japan fund will have a capacity of around £1.6bn while the mid and small-cap fund will be capped at around £650m.

Mehta says: “With economic storms swirling around Europe and the United States, investors are increasingly looking to Asia as one of the few obvious pockets of growth in the world. Asia is not completely immune to the current macro upheaval, but with low levels of indebtedness, under-penetrated consumer markets and rising domestic incomes, it is well placed to ride out these storms.”