Lloyd George Management, a specialist in Asian and emerging markets, has established five new Oeic funds for retail investors.
One of the funds is the developed Asia fund, which will focus on Australia, Hong Kong, New Zealand and Singapore.
The fund will be managed by Lloyd George chief investment officer for Asia Samir Mehta, who is based in Hong Kong. Mehta joined Lloyd George in 1998 after managing private client money for ANZ in India and working as an analyst for Peregrine Securities. He has 13 years investment experience.
Lloyd George Management has a 23-strong investment team including 13 analysts based in London, Hong Kong, Singapore, Bombay and Florida. The team begins with a universe of 7,500 stocks and will screen the stocks using factors such as price and valuation. Company visits are a key part of the research process and helps the team draw up a shortlist of 250 stocks which are constantly reviewed.
Mehta will select around 50 stocks for the developed Asia fund, looking at each stocks potential growth in earnings, cash flow, balance sheet strength, management and valuation. He will also consider what could go wrong which enables him to understand the downside risk of each stock.
Mehta and his team will give each stock a target price and once this level of growth is reached they decide to increase the target price because further growth looks likely or to sell the stock because the growth has peaked.
Australia currently dominates the portfolio with a weighting of around 65 per cent as Mehta believes it has benefited the most from Chinese demand for energy and other products. At industry level, financials carry the largest weighting.