The products were approved by the Securities and Futures Commission on 19 August, the firm said.
The New Capital China Equity Fund invests in equities positioned to benefit from China’s reforms; the US growth fund seeks US mid- and large-cap growth companies with low valuations; the firm’s Asia-Pacific equity income product bets on high-yielding stocks in Asia-Pacific; and the fourth, the Wealthy Nations Bond Fund invests in sovereign and corporate debt across both developed and emerging markets.
The four vehicles “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”, said Jim Lee, global chief executive officer of EFGAM.
Andrew Lee, CEO of EFGAM in Hong Kong, added that the funds “offer opportunities in areas where we feel a long-term cycle is beginning, often making us appear contrarian relative to the wider industry.”
New Capital is boutique fund house and a brand of EFGAM. In Asia, the firm has offices in Hong Kong and Singapore.
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The three year performance of some of the Hong Kong-launched funds versus their benchmarks:
