A new Asia Special Situations fund has been created by BlackRock for Andrew Swan.
Swan (pictured), who is head of Asian fundemental equities at BlackRock, and co-manager Emily Dong will build a concentrated and high-conviction portfolio of between 30 and 60 Asian excluding Japan domestic stocks.
‘Over time, the fund will have a mid-cap bias, ensuring we focus on the potential Asia success stories of the future,’ said Swan. ‘We will be looking for new companies and new management teams that are emerging within the vibrant Asian market.’
The fund will follow a similar investment strategy to that of Swan’s offshore BGF Asian Growth Leaders A2 USDAsian Growth Leaders fund, which has returned a top-decile 12.5% over the past year compared with a peer-group average of 1.1%.
This performance earned Swan an Citywire AA-rating for seven consecutive months up March 2014.
The fund will require a minimum initial investment of £500, and its annual management fee will be 1.5%.