The Dutch pension asset manager's Asia Pacific head of real estate says his team has just had one of its busiest years ever and that 2021 is looking similarly promising.
According to Jin, the fund is focused on three separate areas of mainland China business. ôOne of the categories comprises firms operating in sectors that will benefit from ChinaÆs strong economic growth in the long run,ö he says. ôThis includes consumption, telecommunications equipment, IT, energy and environmental protection.
ôThe other two categories include companies which are highly innovative in terms of their technique and operation, and undervalued stocks with long-term capital growth protection.ö On the macroeconomic front, Jin believes the demand for investments, local consumption and strong exports will drive the Mainland China market to produce strong returns over a mid- to long-term cycle.
The HSBC Jintrust Dragon Growth Equity fund has a composite benchmark split 75:25 between the FTSE Xinhua 600 Style Index (Growth) and post-tax one-year deposit rate respectively.
Blair Pickerell, chief executive of Asia Pacific HSBC Investments, says the initial success of the fund is largely predicated on the reputation of its manager.
ôThis fund has allowed us to strengthen our foothold in the mainland market,ö he explains. ôWe attribute the success of the fund launch to its long-term investment growth strategy, the trust that investors place in our brand and our investment approach and the extensive experience of Tom Lin, who is one of the most experienced fund managers in the China equity market.ö
Following on from the launch of the HSBC Jintrust 2016 Lifecycle fund, Pickerell regards the new fund as a key plank of the joint ventureÆs aim to encourage a long-term savings culture in Mainland China.
Fund manager Lin joined HSBC Jintrust as deputy chief investment officer and, as well as managing the Dragon fund, is responsible for managing portfolios, marketing and client servicing. He has more than eight years experience in the Mainland China asset management industry, at one time running four closed-ended funds and having been assistant to the CIO at Hua An Fund Management.
Regional institutions’ internal investment managers outperformed their external peers, underlining that they are just as vital as modern asset allocation strategies.
AsianInvestor describes why we chose the top funds across a series of key asset classes.
The RM82.64 billion ($20.6 billion) Malaysian Hajj fund, which recently completed a restructure, is looking to diversify globally but remains cautious of risky assets.
Mega players Nippon Life and Dai-ichi Life are looking for opportunities in higher-yield single-A US corporate bonds, which offer more appealing yields than stagnant domestic offerings.