Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

Panda’s Raper sees star fund merged away

Panda’s Raper sees star fund merged away

Comgest has merged David Raper and Chakara Sisowath’s Panda fund into their Growth Asia ex Japan fund.

All the assets and liabilities of the £69 million Panda fund have been transferred into Growth Asia ex Japan, which held £8.5 million of assets before the merger.

The firm stated: ‘The merger of the Panda fund and the Asia ex Japan fund forms part of a rationalisation of the range of funds offered by the Comgest group.’

Panda enjoyed a strong run in 2013, returning 13.1% while its benchmark MSCI All Country Asia Pacific Ex Japan index gained 3.4%. This placed Panda in the top decile of its 367-strong Asia Pacific excluding Japan Citywire sector for the year. Growth Asia ex Japan returned 8% through the year.

Taiwan Semiconductor Manufacturing is the largest holding in both funds, with China the highest country weighting and information technology the predominant sector exposure.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Where A-rated Pattullo is finding the best bond opportunities

Where A-rated Pattullo is finding the best bond opportunities

Henderson Global Investors head of retail fixed income explains how he is managing his fund against the surprise current monetary policy divergence.

1 Comment Play Taxicab Tenner: Allianz Global Investors' AA-rated Simon Gergel

Taxicab Tenner: Allianz Global Investors' AA-rated Simon Gergel

Our much anticpated new series is here! We hand a black cab driver a tenner and grill the manager of the 125-year Merchants trust until the meter runs out.    

Play Europe bulls, a retail boost and why a little inequality can be a good thing

Europe bulls, a retail boost and why a little inequality can be a good thing

This week’s Investment Pulse looks at whether investors should be bullish on Europe, the surprise rise in UK retail sales and if a little inequality is a good thing.

Your Business: Cover Star Club

Profile: meet the duo at the heart of Hargreave Hale's succession plan

Profile: meet the duo at the heart of Hargreave Hale's succession plan

For the first time in the company's history a non-Hargreave is now at the head of the north west broker and asset manager

Wealth Manager on Twitter