UK - Emerging markets specialist Fabien Pictet & Partners has launched a South Korean equities fund aimed at schemes and other institutional investors.
FPP’s Three Kingdoms Korea fund will focus on producing absolute returns and invest in small to medium-sized companies.
It will hold 30-50 stocks and in times of market decline, it will raise its cash holdings to 50% or more of its total value, and institute short positions using modest leverage.
The firm is launching the fund due to its bullish outlook toward South Korea and what it feels is the strong enthusiasm investors have for direct investment in the small mid-cap companies within the region.
It also claims it is the first fund management house to offer investors access to South Korea, which it sees as “one of the best risk/reward opportunities currently available to emerging market investors”.
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