Old Mutual Global Investors develops Asian fund range
Old Mutual Global Investors announces that the $212m Old Mutual Asian Equity fund, managed by Josh Crabb head of Asian Equities, will evolve into an equity income generating strategy.
With a target date of 30 July 2015, the fund will be renamed the Old Mutual Asian Equity Income fund.
The fund, which has been managed by Crabb since October 2014, is a sub-fund of the Dublin domiciled Old Mutual Global Investors Series plc umbrella fund. It is managed by Crabb and his team, who are based in Old Mutual Global Investors’ Hong Kong office.
“The fund’s investment objective is evolving based on client demand and the change of name reflects this. It aims to deliver a total return for investors, with a focus on income, as well as capital growth. It will invest in companies from across the market cap spectrum and will aim to pay an above market yield from across the economic cycle,” OMGI added.
Old Mutual Global Investors believes this development will benefit clients as they will be able to access the region’s growing dividend stream as well as obtaining above average earnings per share growth.