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Value Partners set to launch pair of Asia-focused funds

Value Partners set to launch pair of Asia-focused funds

Hong Kong-based asset manager Value Partners plans to launch a range of funds in 2015, according to fund manager Philip Li.

Speaking to Citywire Asia, Li said the funds will be an Asian fixed income fund and an Asian balanced, multi-income fund.

Li, who co-runs the Value Partners High Dividend Stocks fund, said Asian fixed income is the short-term focus for the company.

'While we are still working on the products that will come online in 2015, the most imminent one will be related to Asian fixed income,' he said. Li said there was continuing appetite among investors for balanced/multi-income funds.

Li said the group was keen to build on the launches achieved in 2014, which included its first fund under the RQFII (renminbi qualified foreign institutional investor) scheme, the Value Partners China A-Shares Select fund.

In addition, Value Partners also launched a Global Contrarian fund and a New China Policy, fund among others over the past 12 months.

Li said in an environment of low interest rates, investors were constantly seeking higher yielding assets.

'The yield of US Treasuries has fallen from 3% to around 2% last year, and the spread has increased. That makes Asian dividend stocks even more attractive, especially with lower oil prices, which are a bigger boon to the region than Europe or the US,’ he said.

Last year, the dividend yield of the Value Partners High Dividend Stocks fund was about 5%, while the average market yield was roughly 3%, Li added.

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