The three Sicavs are the LGlobal Funds Asia High Dividend Equity, Asia High Yield Bond and Asia Local Currency Bond funds:
LGlobal Funds Asia High Dividend Equity (launched 3 January, 2012)
The $22m fund will provide long-term capital growth by investing in equities of companies in the Asia Pacific, excluding Japan, region. It will actively look for companies offering attractive dividend yields and sustainable dividend payments.
A spokesperson for the company said: “Essentially, we see a lot of potential for the LGlobal Asia High Dividend Equity in Europe where income-yielding investment is king. Our fund’s key proposition is in the stable performance created by the combination of high dividend yielding equities with a lower than market volatility strategy.
“Overall, the investor benefits from a regular income stream from dividend pay-outs while facing lower downside risks.”
LGlobal Funds Asia High Yield Bond (1 June, 2011)
This $15m fund aims for a total return of capital growth and income over the medium to long term. Another actively managed fund, it will invest in fixed and floating rate bonds, convertible bonds, REITs and other debt or debt-related securities issued by corporates, governments, quasi-government, government agencies, supranationals and other eligible issuers predominantly in the Asian region.
These bonds will be denominated in dollars, Asian and other major currencies.
LGlobal Funds Asia Local Currency Bond (17 June, 2011)
This is a $12.5m fund that invests across the spectrum of fixed income securities and has a similar proposition to the high-yield bond fund in terms of its total return strategy but with a local currency emphasis.
Lion Global Investors is part of OCBC Bank, voted the world’s strongest bank by Bloomberg Markets for the past two years.