US fund manager, Capital Group, has launched an Asia-focused Ucits fund designed to provide exposure to secular growth opportunities in the region.
The Capital Group Asia Horizon Fund is domiciled in Luxembourg and is described by the firm as a “high conviction portfolio”.
The launch has been inspired by growing demand for Asia-related stocks among global investors which in itself has been driven by secular growth trends such as a rising middle class, according to a statement from Capital Group.
The fund will invest in companies with at least two-thirds of net assets based in Asia ex-Japan, including onshore China-A shares. But the fund will also retain the ability to invest in companies based outside of the region but with meaningful exposure to Asia.
“[China’s] multi-dimensional growth story is unique, and we are well placed to ensure that investors can tap into domiciled opportunities just as well as those outside the region that are plugged into the growth drivers within the Asian market,” said Julie Dickson, investment director at Capital Group.
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