New funds: August 11

This article originally appeared on the Financial Times website, on August 10th, 2014

● Allianz Global Investors has made the Allianz US Small Cap Equity fund available to European investors. Managed by John McCraw, the new fund mirrors an existing US strategy and holds around 130 stocks with the aim of beating the Russell 2000 Growth index.

● Aberdeen Asset Management has launched its fifth infrastructure fund. The Aberdeen Global Infrastructure II fund has received $168m in initial commitments from a range of Asian institutional investors. Aberdeen’s infrastructure team, led by Gershon Cohen, currently manages mandates worth $2.2bn and has invested in more than 90 projects worldwide.

● Income Partners, the $1.4bn independent Hong Kong-based manager, launched its first China onshore renminbi bond fund in July as part of the RQFII scheme. China’s $5.4tn bond market is now the world’s third largest and Income Partners says an investment-grade onshore RMB portfolio can achieve yield of between 5 and 6 per cent.

● Silvaris Capital Management is seeking regulatory approval in Luxembourg for the launch of a Ucits version of its global equity long/short strategy, described by its founder Eric Halet as a “true old school” hedge fund product.

The fund will be available on the Alpha Ucits platform founded in 2009 by Stephane Diederich, a former partner at Brevan Howard.

● Morgan Stanley has partnered with Nezu Asia, a Hong Kong-based Asia equity focused hedge fund, to offer the MS Nezu Cyclicals Japan Ucits fund.

● Investors anticipating that UK gilt yields will suffer as interest rates rise now have access to a 3x leveraged short fixed income exchange traded product listed in London by Boost, a subsidiary of WisdomTree, the US ETF provider.

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