Skandia Investment Group has awarded Andrew Dalrymple, formerly a fund manager at First State, a £20m mandate on its £1 billion Skandia global dynamic equity fund.
Dalrymple, fund manager at Aubrey Capital Management, will focus on investing in companies with the potential to benefit from growing consumer consumption in Asia.
The thematic portion of the fund allows it to invest in mid- to long-term investment opportunities.
Francois Zagame, portfolio manager for Skandia Investment Group, says a growing, wealthier urban population will drive consumption in the region.
He says: “The Chinese government has also clearly indicated that it wants the next phase of growth to be much more driven by domestic consumption than previously.
“There is, we believe, a compelling investment opportunity in identifying the companies most likely to benefit from this behavioural shift.”
Dalrymple adds: “A decade of living and working in Asia in the 1990s left me with a lifelong belief in the boundless investment opportunities in this extraordinarily dynamic and evolving region.
“I have long concentrated on the domestic consumer growth themes in Asia, feeling strongly that their potential is far greater and more consistent than export plays.”