Asset manager Capital Group has unveiled an Asia (ex-Japan) fund to meet the growing investor appetite for stocks related to the region.
The Capital Group Asian Horizon fund (Lux) is a high conviction portfolio which invests across the market cap and valuation spectrum to achieve long-term capital growth.
It invests in companies with at least two-thirds of net assets based in Asia ex-Japan, including onshore China A-shares, but it also offers the flexibility to invest in companies domiciled outside the region, the firm said.
Julie Dickson, investment director at Capital Group, said: “Asia is becoming a global economic powerhouse and is home to some of the world’s most innovative and fastest-growing companies.
“Its multi-dimensional growth story is unique, and we are well placed to ensure that investors can tap into domiciled opportunities just as well as those outside the region that are plugged into the growth drivers within the Asian market.
“With our proven track record of being early investors in Asia’s emerging leaders, we believe that Capital Group Asian Horizon fund (Lux) is a great example of helping investors to identify champions.”
‘Promising opportunities’
Alexandra Haggard, head of product and investment services for Europe and Asia at Capital Group, added: “The Asian Horizon fund leverages Capital Group’s long history of successful investing in Asia ex-Japan, our world-class local and global research capabilities, as well as our high-conviction investment approach.
“The fund is designed to capture the most promising investment opportunities in the Asia ex-Japan region.
“The launch of the new fund underlines our commitment both to Asia and to enhancing our offering for clients around the world.”
Capital Group has been investing in Asia for over 30 years, following the launch of its Emerging Market Growth fund in 1986.
Currently, the firm’s investment in Asia ex-Japan domiciled companies totals $179bn (£130bn, €150bn).
