Smith & Williamson launches Oriental Growth fund

Smith & Williamson has launched an Asia ex-Japan fund for manager Jane Andrews.

The new S&W Oriental Growth fund has been run as a paper portfolio for two years but the group will not do any external promotion until the strategy has built up a three year track record in 2011. Oriental Growth will consist of 70 to 80 holdings, with no stock to make up more than around 3% of the portfolio. The new fund will have considerable crossover with Andrews' Far Eastern Trust, but without the Japanese exposure. At end September, the paper portfolio's largest geographical allocation was to China, at 40%. Andrews is also bullish on the prospects for Australian stocks, with ...