Threadneedle Investments has expanded its presence in the Asian market by launching its first Asian fund in Singapore, named Threadneedle Developed Asia Growth and Income fund.
The new fund will focus on investing principally in a range of equity securities of companies listed in the developed markets of the Asia-Pacific region.
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The fund is also expected to invest in other securities, including convertible debt securities, real estate investment trusts and money market instruments.
It is reported that the fund will be co-managed by Ng Soo Nam, head of Asian equities and Christine Seng, Asian equity fund manager at Threadneedle Investments.
Raymundo Yu, Asia-Pacific chairman at Threadneedle, said: "The launch of the Threadneedle (Lux) Developed Asia Growth and Income Fund is a strategic milestone for the Threadneedle Asia business. It marks a significant first step as we embark on our next phase of accelerated growth in the region and the launch of our local investment and manufacturing capabilities of Asian assets."
"Singapore will be our first investment hub outside of the UK and US. The Asian equities team led by Soo Nam was established in October 2013 and comprises of five expert managers who have cumulatively worked in the region for more than 50 years and bring a wealth of unparalleled Asian equities experience and investment conviction."
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By GlobalDataYu added that the investment focus of the Developed Asia Growth and Income Fund is on moderate capital appreciation coming from investing in resilient businesses.
