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Singapore firm set for UK retail fund market

Singapore-based fund manager APS Asset Management is entering into the UK retail market in the first quarter of next year with the launch of an Asian equities growth fund.

The APS growth fund, which is currently domiciled in Dublin with two sub-funds, the Far East growth fund and the Japan growth fund, will be rolled out to the general UK retail market as soon as the firm gets approval from the FSA.

At present, the fund has only institutions and high-net-worth individuals as investors, including those in the UK, but APS believes its history of outperformance will attract customers in the wider retail arena. It will announce further details in the New Year. APS, which has recently opened offices in Tokyo and Shanghai, says it has a disciplined bottom-up, primary research-driven investment process.

The company was founded in 1995 by chief investment officer Wong Kok Hoi, previously Cititrust & Banking Corporation vice-president.

International business unit manager Adeline Leong says: “By getting the FSA recognition, we are hoping that the product will appeal to the general UK retail market.”

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