View the article online at http://citywire.co.uk/wealth-manager/article/a729474
Panda’s Raper sees star fund merged away
by Robert St George on Jan 22, 2014 at 07:00
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.
News sponsored by:
As the UK coalition government strives to rebalance the national economy, so called 'reshoring' looks set to play an increasingly important role in economic recovery.
Today's top headlines
With talk on interest rates on the horizon, our latest roundtable debate covers income investing against a changing backdrop
More about this:
Look up the funds
Look up the fund managers
On the road
by Dylan Lobo on Jul 28, 2014 at 15:00