Julius Baer Chindonesia Fund opened to Brits

The Julius Baer Chindonesia Fund, first launched in continental Europe on September last year, has now been opened to UK investors.

The Chindonesia fund, which is an actively managed Ucits III vehicle, is managed by Swiss & Global, manager of the Julius Baer funds range. The fund combines direct exposure to ‘Chindonesia’ with investments in satellite countries benefiting from economic ties.

The fund allows investors to tap into the growth potential of China, India and Indonesia, under the administration of co-managers Vincent Lagger and Jian Shi Cortesi.

Asia has more potential than other emerging markets, says Cortesi. The region also has the advantage of low public debt and moderate budget deficits.

“Chindonesia’s economic activity today already equals 47% of the US economy. For the past eight years the countries have been the top three profit generators in Asia.

“The twenty-first century may well become the ‘Chindonesia’ century. Indonesia is a leading supplier of energy and soft commodities, leveraging the growth of China and India.

“More importantly, it exhibits positive demographic trends, financial advantages and political stability.

“Compared to many emerging markets, Chindonesia has relatively low public debt and moderate budget deficits. This has helped the countries maintain their superior growth since the financial turmoil,” adds Cortesi.

The Julius Baer Chindonesia Fund is a sub-fund of Julius Baer Multistock, a Luxembourg domiciled fund, managed by Swiss & Global Asset Management Ltd, a member of the GAM group.

The fund has a USD base currency with no benchmark.

Before joining Suisse and Global in 2010, Cortesi worked in research and portfolio management of Asian equities at Stanford Private Wealth Management in the United States. Lagger joined Suisse and Global in 2005, previously he worked as an analyst in the equity derivatives solutions team at JPMorgan Chase in London.

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