Omam Asian Select benefits from recent growth focus

Suresh Sadasivan took on what he called a staid portfolio last November, and has improved performance by playing on the region's strong growth

Suresh Sadasivan's growth focus has improved performance on the £70m Old Mutual Asian Select fund since he took on the mandate last November. He felt the portfolio was too conservative when he took it on, and decided to play on the phenomenal growth the region is continuing to enjoy. As a result, the fund has climbed up the ranks of the Asia Pacific excluding Japan sector. Over five years, it has underperformed its peers and ranks 30th out of 53 funds. But from 1 November to 6 August, the fund has returned 36.82% bid to bid, 7.75% more than the average vehicle in the sector, according to...