Assenagon Asset Management, a German boutique, has rolled out a new high dividend equity fund targeted at some Asian growth markets.
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The new fund, Assenagon Substanz Asien Fund, will be managed by the firm’s head of portfolio management Dorian Ruffini and portfolio manager Daniel Jakubowski.
The fund will focus on six Asian markets including Japan, China, South Korea, Hong Kong, Taiwan and Singapore.
According to the firm, the fund is different from other Asia-focused strategies as it includes Japan within the investable universe.
The portfolio managers have chosen 50 various equities in the fund and given them equal weighting. Moreover, limits have been set on portfolio weightings at 25% of total fund volume each for countries and sectors in order to provide diversification.
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By GlobalDataThe fund aims for an annual distribution of 4.5% of net asset value based on the reference day.
