Asian asset manager Eastspring Investments has received the approval of Swiss regulator Finma for the distribution of three of its strategies in Switzerland.
This includes the following funds, all part of the firm’s Luxembourg Sicav : Eastspring Investments Asian Low Volatility Equity Fund, Eastspring Investments Global Emerging Markets Dynamic Fund and Eastspring Investments Japan Smaller Companies Fund.
The manager announced slight changes for the latter strategy.
With effect from 3 April 2017, the investment objective of the Eastspring Investments Japan Smaller Companies Fund will be amended to: “This fund aims to maximize long-term capital appreciation by investing primarily in equity and equity-related securities of corporations, which are incorporated in, or listed in, or operating principally from, or carrying
on significant business in, or derive substantial revenue from, or whose subsidiaries, related or associated corporations derive substantial revenue from Japan.
“The investment universe is the bottom third in terms of total market capitalisation of all publicly listed equity in Japan. The fund may also invest in medium sized and larger companies in
order to enhance its liquidity. The fund may also invest in depository receipts including ADRs and GDRs, debt securities convertible into common shares, preference shares and warrants.”
The firm said these amendments will not have any active impact on the management of the fund.
This triple fund addition to the Swiss market raises to 17 the number of Eastspring Investments’ strategies available to Swiss investors.
Eastspring Investments had $140.3bn in AUM as at 30 June 2016.