Milltrust International Group has appointed Singapore-based Lion Global Investors to manage the Dublin-based Ucits fund focused on Southeast Asia. The AUM of the ASEAN strategy is US$350million.
The Milltrust ASEAN fund will be managed by Alan Tan, senior portfolio manager with the Asian equities team at Lion Global Investors.
Tan also manages the LionGlobal Singapore/Malaysia SGD, which returned 11.45% versus the average manager’s total return of 16.61% over the 12-month period starting 31 December 2011 (in EUR terms).
His management of the Milltrust ASEAN Fund employs a high-conviction value approach combined with a top-down thematic focus on sectors and stocks that benefit from long-term economic growth trends in the ASEAN region.
On the mandate win Gerard Lee, CEO at Lion Global Investors said: 'We are very excited at the opportunity to work with Milltrust International Group. Winning this mandate further affirms Lion Global Investors’ position as a leading Asian asset manager and demonstrates our investment capabilities in Asian strategies.'
The fund will be offered on Milltrust’s Emerging Markets Managed Accounts (EMMA) Platform, a proprietary, single custodian infrastructure launched in collaboration with State Street Bank.