New Capital, which is owned by international investment provider EFG Asset Management (EFGAM), has introduced the funds as it looks to push into Asia.
All four funds were approved by the Hong Kong Securities and Futures Commission (SFC) on 19 August.
Extending locally
“The introduction of these funds reflects New Capital’s ongoing commitment to the Asia region,” said Jim Lee, global chief executive of EFGAM.
“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.”
The New Capital China Equity Fund is managed by Mansfield Mok and aims to benefit from the ongoing Chinese reforms.
The New Capital US Growth Fund is managed by a team with a 25 year track-record investing in US companies. The fund looks to invest in high quality US mid and large-cap stocks.
The New Capital Asia Pacific Equity Income Fund is run by Tony Jordan and 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 uses a country selection process aimed at selecting the most financially strong nations around the world.
Primed to expand
Andrew Lee, chief executive of EFGAM in Hong Kong said: “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,” he said.
“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.”
