Comgest has added 17-year market veteran Emil Wolter to the Asia ex Japan equity fund overseen by two Citywire A-rated managers, Citywire Global has learned.
The Paris-based asset manager opted to strengthen the line-up on the Comgest Asia ex Japan US Dollar fund on 1 January.
The Comgest Asia ex Japan US Dollar fund was launched in 1997 and bolstered in January of last year when the smaller Comgest Panda fund was merged into the strategy.
This marks the latest assignation to a fund for Wolter, who was named as a co-lead on the firm’s flagship emerging markets fund, Magellan C, and the Comgest Growth Emerging Markets US Dollar funds in March of last year.
Wolter was added to the line-ups on these funds alongside Vincent Strauss and Wojciech Stanislawski following the departure of Jean-Louis Scandella, who has since been named head of global equity at Barings.
At present, the Comgest Asia ex Japan US Dollar fund has $190 million in assets and is primarily invested in the Chinese market, which makes up 34% of exposure. This is while India (20%) and Hong Kong (16%) are also well represented.
The Comgest Growth Asia ex Japan US Dollar fund has returned 46.6% in US dollar terms over the three years to the end of December 2014. This is while its Citywire benchmark, the MSCI AC Asia ex Japan TR USD, rose 33.2% over the same period.