Wealth Manager - the site for professional investment managers

Register to get unlimited access to 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 Big City Bright Future

Big City Bright Future

Big City Bright Future, the brainchild of BlackRock, is a three-week work experience programme for school leavers looking to forge a career in the City.

Play Kames' Ennett: Trump good for US high yield, but beware Europe

Kames' Ennett: Trump good for US high yield, but beware Europe

Kames Capital’s head of high yield David Ennett believes the changing political landscape will be a positive for the US, but negative for Europe in 2017.

Play Philip Milburn: why inflation won't run out of control

Philip Milburn: why inflation won't run out of control

Kames bond fund manager views inflation as more of 'scare' than a 'problem' and is positioning his portfolios accordingly.

Read More
Your Business: Cover Star Club

Profile: change is the only constant for Quilter Cheviot

Profile: change is the only constant for Quilter Cheviot

This is not the first time we have profiled David Miller, but at the time of his previous appearance his company looked very different.

Wealth Manager on Twitter