Robert Lloyd George, founder and chief executive of London-based private equity firm Lloyd George Management, has launched an Asian emerging market fund in partnership with a Swiss investment management firm.
Geneva-based Argos Investment Management will partner the new firm headed by the emerging markets veteran to offer the Argos Lloyd George Advisory Bamboo Fund.
The US-dollar denominated actively managed fund will target investors with a long-only UCITS fund focused on emerging market high growth sectors.
Key features
• The fund will hold 40-50 listed stocks with yields of up to 3 per cent
• At least 70 per cent will be invested in Asia and South East Asia, with the MSCI Emerging Markets Index as a benchmark
• The targeted performance is 12 per cent a year
• There is no leverage, no shorting and no currency hedging
• Cash will usually be at 5 per cent, up to a maximum of 25 per cent when markets are down
• The fund will be conservatively invested, with tight controls over country risk, liquidity and governance
• The fund will be diversified by country, sector and stock holdings
Adviser View
Jeremy Edwards, financial adviser at Leicester-based Bankfield Financial Advisers, said: “Without a history or track record it will be difficult for advisers to recommend a new fund to their clients. There are those who look for emerging market exposure and to spread their investments but there are other as good options available with track records. The new Lloyd George fund will be one to watch, however.”
