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.

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.
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