Lloyd George Management, a specialist in Asian and emerging markets, has established five new Oeic funds for retail investors. One of the funds, the developed Asia fund, will focus on Australia, Hong Kong, New Zealand and Singapore.The fund will be managed by chief investment officer for Asia Samir Mehta. Mehta joined Lloyd George in 1998 after managing private client money for ANZ in India and working as an analyst for Peregrine Securities. Lloyd George’s investment team starts with a universe of 7,500 stocks which they will screen using factors such as price and valuation. Mehta will select around 50 stocks for the developed Asia fund, looking at potential earnings growth, 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. Each holding is given a target price and once this growth is reached, Mehta decides to increase the target price because further growth looks likely or 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. Growth in emerging markets is outpacing growth in the West and valuations are reasonable on the whole. Although a developed emerging markets fund sits at the lower-risk end of the emerging markets spectrum, its stocks may still be less liquid and more volatile than Western companies, which represents a higher than average risk to investors.
Norwich Union is introducing a guaranteed version of its with-profits fund, which offers full capital protection after a five year term for an additional 0.5 per cent charge over its standard annual management charge.The guarantee is available from 7 February and this replaces a free five-year guarantee promotion that has been running for the past […]
In a new regular section of International Money Marketing Brief, Contract Marketing Services managing director Richard Lloyd-Jones looks at what offshore products and providers UK-based IFAs are using most.
Winterthur Life is running an initiative to raise awareness of the benefits of trustee investment plans as part of an holistic retirement planning process.
Berry Birch and Noble is launching a new medical IFA division aimed at advising healthcare professionals in the UK. Headed by Steve Higson, BBN Independent Medical Services will offer advice on all aspects of financial planning to anyone in the medical profession. BBN are recruiting new advisers to staff the service, and hope to have […]
With a 10 per cent return from his Global Income Fund in the first three months of 2015, Jacob de Tusch-Lec talks to journalist Alexis Xydias about the drivers and why he favours Europe and Asia over the US. Jacob believes European companies remain cheap and is still finding opportunities amid value stocks – in contrast […]
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