The fund is part of the Martin Currie Global Funds Luxembourg Sicav umbrella and is available in dollar, sterling and euro share classes.
The Martin Currie GF – Asia Long Term Unconstrained Fund is managed by Jason McCay head of Martin Currie’s Asia team and Andrew Graham, who already mange $441m across the ALTU strategy.
McCay and Graham are also supported by the firm’s Asia team, who manage the forensic-accounting process used in the strategy which analyses at least five years of annual reports combined with a review of the company’s corporate governance practices.
The aim of the managers is to build a 20 to 30 stock portfolio of Asia’s best and most sustainable businesses and they invest with a long-term, absolute return mindset.
An additional aim is to capture the growth potential of the region with a lower level of volatility than the broader market.
McCay said: "Asia’s economies are growing at a pace that far outstrips the developed world. But while Asian markets can deliver impressive returns in the short term, the excessive volatility that characterises the region can impair long-term returns.
"We expect the next few years to be a volatile and cyclical period for markets in Asia. A genuinely long-term approach allows us to see periods of market weakness as opportunities to build cheap holdings in outstanding companies."
The annual management charge of the fund is 1% and it has a minimum investment of $100,000, with an initial charge of 5%.
Earlier this month Martin Currie was fined a total of £8.6m by the FSA and the US Securities and Exchange Commission for failing to manage a conflict of interest between its US-based China Fund and a hedge fund.
