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.

RWC unveils Asia fund for convertibles boss Basile

RWC Partners has launched the Asia Convertibles fund for manager Davide Basile, providing exposure to Asian equities while mitigating volatility.

The RWC Asia Convertibles fund will employ capacity constraints, capping the fund at $300 million (£188 million) to allow the flexibility for accessing some of the smaller and less liquid companies in the region.

The long-only, Ucits III product focuses solely on convertible bonds issued by companies based in Asia, or those which derive the majority of their earnings from the region.

The fund’s benchmark – the UBS Asia Focus Convertible index – returned over 91% from 2000 to 2010, compared with the MSCI Asia Equity index, delivering just under 90% with a significantly higher volatility.

Although the fund offers daily dealing, it requires three days’ notice for redemptions.

Basile is a partner and head of global convertibles at RWC Partners responsible for the management of the $1.3 billion RWC Global Convertibles Fund.

Dan Mannix, head of business development at RWC Partners, said: ‘By launching a limited capacity fund with longer notice periods for redemptions, we are offering investors exposure to a specific and exciting part of the convertibles market.

‘Asian equities are by no means a new story but having the ability to access the asset class through convertible bonds offers some significant benefits.  History has shown that convertibles can achieve similar returns to equities but with as little as a third of the volatility.’

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

Related Fund Managers

Davide Basile
Davide Basile
1/2 in Bonds - Convertibles Other (Performance over 3 years) Average Total Return: 21.94%
Citywire TV
Citywire TV
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