Tue, 02/09/2014 - 14:00
Harrington Cooper, the fund distribution company, has launched a super-institutional share class for the Indus Select Asia Pacific Fund.
The discounted share class offers a reduced annual management fee of 0.85 per cent and is available for investments of over USD5 million or the equivalent GBP sum.
The Indus Select Asia Pacific Fund, which is distributed to the UK fund buying market by Harrington Cooper, is managed by John Pinkel.
Indus Capital was founded in 2000 by former Soros Fund Management partners and is dedicated to managing equity strategies focused on Asia Pacific, Japan, and global emerging markets.
Indus believes that the Asia Pacific markets are inherently inefficient and its competitive edge comes from the team’s in-depth knowledge of companies within the region, and its ability to identify catalysts that will unlock value that have been overlooked by the market. This is achieved through the rigorous fundamental analysis of companies, sectors and industries in which it operates.
The Select strategy is a high conviction portfolio that represents Indus’s best ideas in the Pan Asia Pacific region. The portfolio is concentrated, with an average of 25-30 holdings, and has an active share (the percentage of the portfolio that differs from its benchmark index) of around 90 per cent.
Since the fund’s launch in January 2009, the fund has delivered a return of +115.0 per cent compared with +86.6 per cent for its benchmark, the MSCI AC Asia Pacific Total Return Index. The strategy currently has USD 507 million assets under management and will be soft-closed when assets reach USD1 billion.
Harry Dickinson, managing partner at Harrington Cooper, says: “We are seeing strong interest in the Indus fund from the UK market as a result of the team’s pedigree and outstanding track record. The Select strategy is genuinely concentrated and has an extremely high active share. These are the attributes that professional fund selectors in the UK are consistently telling us they want access to, not only because they complement their passive exposure, but because research suggests that funds displaying these features have a much greater chance of outperforming. We have launched this share class in response to that demand as well as, of course, to meet those investors’ fee expectations.”
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