Wealth Manager - the site for professional investment managers

Register for full access to Citywire’s Fund Manager database, news and analysis. 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 Investment Pulse: the highs and lows of 2014

Investment Pulse: the highs and lows of 2014

This week's Investment Pulse looks back at some of the biggest stories of the year as well as looking forward to 2015.

Play Inside ETFs: Why the US bull-run still has legs

Inside ETFs: Why the US bull-run still has legs

Global equities suffered a sharp sell-off in the third quarter but exchange traded fund investors are continuing to back the US to outperform in 2015

Play Paul Niven: I won't rip up the Foreign & Colonial Trust history book

Paul Niven: I won't rip up the Foreign & Colonial Trust history book

The newly appointed manager of the Foreign & Colonial trust talks about his plans for UK's oldest investment company.

Your Business: Cover Star Club

Manchester wealth firm hires Coutts director for London launch

Manchester wealth firm hires Coutts director for London launch

Former Coutts director Tony Robinson has joined Chartered Wealth Management to head the company’s newly opened London office.

Wealth Manager on Twitter