BlackRock has unveiled a new mid cap-focused Asia Special Situations fund for investors in the UK.
The BlackRock Asia Special Situations fund will be managed by BlackRock head of Asian fundamental equities Andrew Swan and BGF Asian Growth Leaders Fund and BGF China Fund co-manager Emily Dong.
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The fund has been designed to focus on a concentrated, high conviction and high alpha portfolio of 30-60 domestic stocks, run with a mid-cap bias.
The fund management team will identify companies which could become leaders of the future, irrespective of current benchmark weightings.
The fund will follow a similar investment strategy to the Luxembourg domiciled BGF Asian Growth Leaders Fund, which was launched in October 2012.
The fund, with a minimum investment of £500, has an initial charge of 5% and an annual management fee of 1.5%.
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By GlobalDataSwan said: "Over time, the Fund will have a mid-cap bias, ensuring we focus on the potential Asia success stories of the future. We will be looking for new companies and new management teams that are emerging within the vibrant Asian market.
"To take advantage of this growth we will have a high conviction, flexible and pragmatic approach to increase the long-term capital growth potential of the portfolio," added Swan.
Jeremy Roberts, head of UK retail sales at BlackRock, said: "The investment opportunities in Asia are rapidly changing and we believe having flexibility and pragmatism will be the key to generating returns from Asian equities in the future."
