21/06/2011 Author: Priyanka Salve

Deutsche Bank and Sloane Robinson launch Ucits Asia fund

Deutsche Bank and Sloane Robinson launched an Ucits-compliant Asia fund last month, the firms announced today.

The DB Platinum Sloane Robinson Asia fund will be managed by Richard Chenevix-Trench and Jonathan Barnett and is modelled after Sloane Robinson’s flagship Asia fund.

The fund aims to capture majority of the market while following a strategy that suitable for capital preservation when prices dip, and will focus on companies that likely to get a sustainable return in excess of their cost of capital.

“Investor appetite for Asian strategies in the Ucits space remains very strong and Sloane Robinson’s expertise and long-standing presence in this area will make this a successful launch,” said Stephane Farouze, Deutsche Bank’s global head of fund derivatives.

“We are encouraged by the timing of this launch in light of the strong fundamental investment opportunities we are identifying in the region and the likelihood that many of the more recent macro headwinds will begin to abate as we enter the second half of this year,” said Hugh Sloane, founder and the CEO of Sloane Robinson.