Barclays has launched its latest retail fund in Hong Kong with exposure to different asset classes managed or owned by a number of investment legends.
Barclays Investment Legends Fund is an open-ended fund that aims to provide a unique opportunity to achieve capital growth by investing in diversified asset classes under the management of such “investment legends” as Warren Buffett, Jim Rogers, Bill Gross, Mark Mobius, Ian Cumming and BlackRock, Inc.
Within the Investment Legends portfolio, investors are able to capture the potential capital growth in different asset classes in which the Fund invests, composed of 40% equities, 40% commodities and 20% bonds. The strategic asset allocation provides relatively stable returns under different market conditions.
The fund is an innovative investment which provides one-stop investment services to a portfolio of stocks, funds and indices. The fund will also invest into institutional of mutual funds and shares which are more cost efficient.
With the unique quarterly rebalancing mechanism, the Investment Legends portfolio will be adjusted every quarter to its initial weighting. This may help to reduce volatility of the overall portfolio in the long run.
Backed by a historical track record, the selected equities, commodities and fixed income underlyings in the Investment Legends portfolio have achieved an average annualised returns of 29.2%, 21.2% and 5.2% respectively. The underlyings remain strong in the face of the sub-prime crisis started in 2007, they have achieved positive return since 2007 in volatile market conditions.
“The Investment Legends fund is a unique retail fund in Hong Kongto provide exposure to different asset classes managed or owned by world-class investment legends. This fund aims to derive value from a balanced portfolio of Equity, Commodity and Fixed Income which have track records, and enables us to share the performance andinvestment insights of these world renowned investment gurus,” says Wendy Kwan, director of Investor Solutions Retail Hong Kong, Barclays Capital.
The fund will be distributed in Hong Kong throughA BN Amro, Citic Ka Wah Bank, Dah Sing Bank, DBS, Fubon Bank, KGI, Mevas Bank, Standard Chartered Bank, Shanghai Commercial Bank, Sun Hung Kai Financial and The Bank of East Asia.