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ADVANCE APPOINTS LION GLOBAL INVESTORS TO ADVANCE ASIAN EQUITY FUND

Advance Asset Management Limited (Advance) – St.George’s specialist funds management arm, has appointed Lion Global Investors (Lion) as the underlying manager for the Advance Asian Equity Fund.

Patrick Farrell, General Manager of St.George Investment Solutions (SGIS) said “Singapore based Lion has one of the largest and most experienced teams dedicated to Asian equities”.

“Their style is ‘fundamentally driven’ which is ideal in an environment where stock selection will be a primary driver of performance.”

Farrell added “SGIS continue to have a positive outlook for Asian equities based on the internal growth prospects for China and India. SGIS also believes it is more beneficial for this Fund’s manager to be based in Asia and have a thorough understanding of the dynamics of the key economies. Asian markets and companies, in particular, can be heavily influenced by regional factors such as cultures, politics and cross border relations.”

Lion’s selection is consistent with Advance’s approach of providing the best capability for maximising opportunities and ensuring the investment manager’s style appropriately matches our outlook for market conditions and our Fund’s objectives.

Lion will replace Maple Brown Abbott in the Advance Asian Equity Fund. Advance, will continue its long term relationship with Maple Brown Abbott in the Advance Imputation Fund and the Advance Sharemarket Fund.

The changes to the Advance Asian Equity Fund are effective from late June.

SGIS is Advance’s dedicated in-house investment consultancy team responsible for the portfolio design, asset allocation, investment manager selection, investment manager blending, and ongoing monitoring and review of Advance's Single Manager and Multi-Blend Funds.

For more information contact:
Michael Charlton 0419 938 346

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