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Martin Currie Targets Long-Term Asia Growth With New Fund
Max Skjonsberg
23 May 2012
Martin Currie,
the equity manager, has unveiled a new fund seeking to capture the
growth potential in Asia-Pacific with lower volatility than the broader
market.
The Asia Long Term Unconstrained strategy will invest in 20 to 30
sustainable businesses in Asia with a long-term outlook to minimise
transaction costs, the firm said. The fund is managed by Jason McCay and Andrew Graham. It is part of
the Martin Currie Global Funds Luxembourg Sicav umbrella and is
available in US dollar, sterling and euro share classes. "Asia’s economies are growing at a pace that far outstrips the
developed world,” said McCay, head of Martin Currie’s Asia team. “But
while Asian markets can deliver impressive returns in the short term,
the excessive volatility that characterises the region can impair
longer-term returns. "We expect the next few years to be a volatile and cyclical period
for markets in Asia,” he said. “A genuinely long-term approach allows us
to see periods of market weakness as opportunities to build cheap
holdings in outstanding companies.”