23 Sep 2010
Pictet Funds is launching the Pictet Total Return-Mandarin fund, a Luxembourg-domiciled UCITS III-compliant long/short Asian equity fund
The new fund will be managed by Lan Wang Simond, who has over 16 years investment experience managing assets across the Greater China region using long only, absolute return and long/short strategies.
Using this experience the Investment Manager seeks to capture the benefits of China’s secular growth, minimise downside risk in periods of market turbulence and maximise alpha through specific stock ideas. The overall strategy aims to reduce correlation to the market and generate less volatile, positive asymmetric returns.
With its focus on China, the fund gives access to strong and sustainable growth in the greatest developing region in the world and to under-researched industries still in their infancy. As populations age and workforces gain bargaining power, China is likely to shift from investment and export-led growth to domestic consumption.
The Fund invests primarily, although not exclusively, in Chinese companies listed in Hong Kong and mainland China. When selectively investing in Hong Kong, Taiwan or other Asian countries outside the Greater China region, the Mandarin investment team search for companies deriving a significant proportion (30% and rising) of their earnings from the Greater China region.
The fund is so far registered for sale in France, Germany, Luxembourg, Switzerland and the UK.
The new fund will be managed by Lan Wang Simond, who has over 16 years investment experience managing assets across the Greater China region using long only, absolute return and long/short strategies.
Using this experience the Investment Manager seeks to capture the benefits of China’s secular growth, minimise downside risk in periods of market turbulence and maximise alpha through specific stock ideas. The overall strategy aims to reduce correlation to the market and generate less volatile, positive asymmetric returns.
With its focus on China, the fund gives access to strong and sustainable growth in the greatest developing region in the world and to under-researched industries still in their infancy. As populations age and workforces gain bargaining power, China is likely to shift from investment and export-led growth to domestic consumption.
The Fund invests primarily, although not exclusively, in Chinese companies listed in Hong Kong and mainland China. When selectively investing in Hong Kong, Taiwan or other Asian countries outside the Greater China region, the Mandarin investment team search for companies deriving a significant proportion (30% and rising) of their earnings from the Greater China region.
Lan Wang Simond, the fund manager, comments “In essence, we have created a fund which, we believe, can best capture existing and new areas of growth as China rebalances its growth engines in favour of higher domestic consumer spending. By using hedging and short selling techniques we are able to manage impacts from falling markets and offer investors an improved risk-return profile”.
The fund is so far registered for sale in France, Germany, Luxembourg, Switzerland and the UK.
