Following the recent acquisition of Singapore-based Silver Metis Capital Management, J O Hambro Capital Management has decided to launch two Asia-focused Ucit
Following the recent acquisition of Singapore-based Silver Metis Capital Management, J O Hambro Capital Management has decided to launch two Asia-focused Ucits funds reported Citywire Global this week. Both funds – JOHCM Asia ex-Japan and JOHCM Asia ex-Japan Small and Mid Cap funds – will be run out of Singapore and will be managed by Samir Mehta (pictured), the founder of Silver Metis, and Cho-Yu Kooi. Apparently both managers will use the same benchmark-agnostic stock picking approach they used when working together previously at Lloyd George Management in Hong Kong. Fund portfolios will be composed of 35 to 60 stocks and will focus on companies with long-term sustainable growth characteristics. The small/mid cap strategy will have an asset capacity of USD1billion whilst the Asia ex-Japan will have a larger USD2.5billion capacity. Mehta said that investors are increasingly looking to Asia as economic storms swirl across Europe and the US. He said: “Asia is not completely immune to the current macro upheaval but with low levels of indebtedness, underpenetrated consumer markets and rising domestic incomes, it is well placed to ride out these storms.”
