The Dublin-domiciled, Ucits III-compliant fund has a minimum initial investment of $10,000, a “broad range” of currency classes and joins a growing list of emerging market equity income funds to be launched this year.
UBS launched its own offering, managed by Singapore-based Projit Chatterjee, at the end of January, while the Invesco Perpetual Asian Equity Income Fund, managed by Stuart Parks and Tim Dickson, will roll out on 7 March 2011.
The EFG fund will invest in Asia-Pacific (ex-Japan) companies offering strong dividend yields with the potential for capital growth.
"Asian economies continue to grow at a faster rate than most developed countries, and the same can be said of Asian dividends, said Jordan, who spent 13 years at emerging market specialist Atlantis and sees Asia-Pacific stocks remaining attractive “in both value and growth terms.
