New Capital, a brand of EFG Asset Management (“EFGAM”) – an international provider of actively-managed investment solutions – today announced the launch of its SFC-authorised funds in Hong Kong. The four Irish-domiciled UCITS funds, as described below, were approved by the Securities and Futures Commission (“SFC”) on 19 August 2015 and are now open to Hong Kong investors:
New Capital China Equity Fund is managed by award-winning portfolio manager1, Mansfield Mok, who has over 25 years of experience investing in Chinese equities. The four star Morningstar-rated fund2 invests in a concentrated portfolio of stocks which have modest valuations yet strong growth potential, and are positioned to benefit from ongoing Chinese reforms.
New Capital US Growth Fund is a four star Morningstar-rated fund3 managed by a team that has a 25 year track record of investing in US growth companies. The fund aims to invest in high quality US mid and large-cap stocks that exhibit strong growth trends but are trading at low intrinsic valuations.
New Capital Asia Pacific Equity Income Fund is run by industry veteran Tony Jordan who has over 30 years of investment experience in Asian equities. The fund aims to produce returns for investors by investing in high-yielding stocks with good growth potential in the Asia Pacific region.
New Capital Wealthy Nations Bond Fund seeks investment opportunities in sovereign and corporate debt across both developed and emerging markets. The fund has a unique non-benchmark approach which combines a country selection process aimed at selecting the most financially strong nations around the world.
– Jim Lee, Global Chief Executive Officer, EFGAM, said: “The introduction of these funds reflects New Capital’s ongoing commitment to the Asia region and the desire to extend local investment capabilities. It will also enable us to better serve our clients in Hong Kong and Asia as a whole – encompassing private banking clients of our parent company, EFG International, as well as specialist segments served by New Capital directly.”
– Andrew Lee, Chief Executive Officer, Hong Kong, EFGAM, commented: “We are now primed to expand our offering to investors in Hong Kong, alongside our existing private banking and institutional clients in Asia. We are excited to demonstrate the New Capital way: we are not looking to offer product in every category and will not launch funds just to satisfy the latest trend. Our funds offer opportunities in areas where we feel a long-term cycle is beginning, often making us appear contrarian relative to the wider industry.”
– Moz Afzal, Chief Investment Officer, EFGAM “Over the past seven years we have assembled a top-performing investment team at New Capital across a number of markets and regions. We are excited about the prospect of introducing our talented team to the Hong Kong market.”
New Capital has been active in Asia for the past five years and has offices in Hong Kong, Singapore, London, Geneva, Zurich and Miami. The specialist boutique has a range of high-conviction funds which are accessible via over 20 platforms and are registered for sale in Austria, France, Germany, Hong Kong (SFC-authorised funds only), Luxembourg, the Netherlands, Singapore (accredited investors only), Spain, Sweden, Switzerland and the UK.