Alt Investments

What’s New In Investments, Funds? – Eric Sturdza Investments, M&G, Monument

Editorial Staff 27 September 2023

What’s New In Investments, Funds? – Eric Sturdza Investments, M&G, Monument

The latest news in investment offerings, financial products and other services relative to wealth advisors and their clients.

Eric Sturdza Investments
Eric Sturdza Investments, an independent asset management firm providing active strategies to institutional and wholesale clients, has announced an evolution in its Strategic China Panda Fund. The fund’s mandate, which will be extended and renamed the Strategic Rising Asia Fund, will offer investors targeted exposure to Asia’s compelling growth markets, and create additional, diversified opportunities.

The Strategic Rising Asia Fund is a UCITS-compatible fund, classified as an article 8 Fund under the SFDR., catering specifically to professional and institutional investors seeking exposure to Asia.

Lilian Co, the longstanding portfolio manager of the Strategic China Panda Fund, is retiring after 14 years. Eric Sturdza Investments has appointed Banque Eric Sturdza SA as the investment advisor to the Strategic Rising Asia Fund. The fund’s philosophy, including active portfolio management and a focus on long-term growth, remains unchanged, as the investment universe is expanding from Greater China to a broader Asian mandate. This provides investors with increased regional exposure, reduces single country risk, and offers access to a broader range of growth opportunities.

Shasha Li Mafli, who was ranked in the top 10 managers for one, three and five-year performance by Citywire in Switzerland within their Emerging Asia equity category at the end of August 2023, will assume responsibility for the new fund. Li Mafli, who has more than 20 years of experience managing Asian investment portfolios, has a proven ability to generate consistent alpha.

"We are convinced that Shasha’s Asia expertise will complement our philosophy of seeking out exceptional investment talent and then providing an infrastructure to let managers focus on delivering consistent returns,” Zanello Sturdza, CEO of Banque Eric Sturdza SA, said. 

M&G has launched an 18-month fixed maturity bond strategy for European investors to capitalise on opportunities in credit markets. 

Rising inflation and tighter monetary policies have pushed yields upwards, making fixed income investing attractive again, the firm said in a statement. This has also been highlighted by other investment managers. See here. As the tightening cycle seems to be approaching its end, the M&G (Lux) Fixed Maturity Bond 2 fund aims to lock in attractive annualised yields between 4.6 per cent and 4.8 per cent over an 18-month period, based on current market conditions estimation.

The fund will invest mainly in euro denominated investment grade bonds, accessing opportunities across credit markets globally, the firm continued. To enhance the return potential, the fund will invest in high yield bonds, whilst maintaining an investment grade average rating at fund level.

The new strategy will be co-managed by a team with credit experience: Stefan Isaacs, deputy CIO of M&G’s Public Fixed Income, and Matthew Russell, who have been managing the M&G (Lux) Short Dated Corporate Bond Fund strategy since 2018, the firm said. Fund managers will be supported by M&G’s in-house research team to exploit price inefficiencies and identify the most rewarding opportunities with a buy and hold approach.  

“Fixed income is in vogue right now with meaningful yields on offer for the first time in a decade. The inversion of the yield curve means investors can get most of the yield available in corporate bonds without having to stretch to long maturities,” Isaacs said. “This 18-month short maturity strategy can offer an opportunity to lock in compelling positive yield levels available now with relative low risk and high visibility on returns.”

The fund, which comes under article 8 of the EU’s Sustainable Financial Disclosure Regulation, will be available for subscription from 25 September until 3 November 2023.

Monument, the UK “neo-bank” serving mostly affluent clients, has launched new “notice accounts.”

The offerings provide a balance between “competitive returns and the ability to access their funds without long-term commitments,” the bank said in a statement. The initial release, which will be available with a notice period of seven, 35 and 60 days, will pay a variable interest rate.

The accounts are available via Monument’s app.

Depositors must hold a minimum balance of £25,000 with Monument across all savings accounts they have at any time. Eligible savings are protected up to £85,000 by the FSCS.

This news service recently interviewed Monument to find out how this digital financial institution aims to compete with other, more traditional bank models. The rise of lenders and saving institutions such as this firm reflects the continued overlap of tech and finance.

Earlier this year, the bank launched its Monument Lifestyle proposition, offering more than 35 services designed to save busy professionals, entrepreneurs and their families’ time.

Register for WealthBriefing today

Gain access to regular and exclusive research on the global wealth management sector along with the opportunity to attend industry events such as exclusive invites to Breakfast Briefings and Summits in the major wealth management centres and industry leading awards programmes