BlackRock has rolled out its Luxembourg-domiciled Asian Growth Leaders Fund to retail investors in Hong Kong, which was earlier, only available to professional investors in the region.
The fund seeks to capture growth opportunities in Asia, with a special focus on mid-cap firms poised to grow in a cyclical upturn, as reported by international-adviser.com.
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Co-managed by Andrew Swan, BlackRock’s head of Asian equities, and Emily Dong, portfolio manager in the Asian Equities team, the fund will invest minimum 70% of its total assets in companies domiciled in, or having a predominant part of their activity in, Asia excluding Japan.
Swan was quoted by international-adviser.com as saying, "Regional economies are moving away from the traditional manufacturing and export-oriented industries, which have formed the basis of their growth stories to date," said.
"As the population of Asian countries becomes wealthier, an emerging middle class is driving an explosion in demand for goods and services," Swan told the publication.
"The fund aims to deliver capital growth through playing to the key theme of long-term structural growth reshaping the domestic Asian landscape," he added.
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By GlobalDataIn future, the company will also launch the fund in other markets, which is also available for retail investors in Singapore.
Since its launch on 31 October 2012, the fund has registered 34% net return, surpassing its benchmark MSCI AC Asia ex-Japan Index by 20% as at the end of May 2014, according to the publication.
