The New Capital China Equity Fund will be managed by Mansfield Mok, a Hong Kong-based China equity fund manager who recently joined EFGAM, the asset management arm of EFG International.
Prior to this he co-ran the $1.5bn GAM Star China Equity Fund which, according to Bloomberg data supplied by EFGAM, outperformed the MSCI China Index by over 72% during Mok’s five-year tenure.
Mok said that with over 20 years of experience in stock selection he is confident about generating robust returns across all stages of the economic cycle.
“China is widely expected to become the leading economic superpower over the next five to 10 years. In order to capitalise on its anticipated growth, it is vital to be able to identify the best companies,” he commented.
Moz Afzal, chief investment officer, EFGAM, said the launch of the fund reflects the firm’s strong commitment to the Asian region. It is the ninth sub-fund in the firm’s New Capital mutual fund range, the New Capital Ucits Fund PLC, and follows on from last year’s launch of the New Capital Asia Pacific Equity Income Fund managed by Tony Jordan.
He commented: “By combining good long-term macro-economic fundamentals with Mansfield’s expertise in identifying great companies on a timely basis, we believe this is an opportune time to launch a China equity fund which ultimately will be a good source of value for our clients.”
The fund is Ucits IV-compliant and is Dublin-domiciled.
