Fund is to launch in 3rdQ 2014, and currently is a subject to regulatory approval.
GroupoN Delta Financial today announced its intention to launch a global smaller cap equity fund as favourable economic fundamentals, and high investor demand for small cap exposure.
The SFC (Securities and Futures Commission) structured to be Honk Kong based GNDF Global Small Cap Equity Fund, will be a strong addition to already existing range of open and closed-ended global and regional smaller company funds. The Fund is expected to be launched at the beginning of September 2014 and currently is subject to regulatory approval.
The Fund will be primarily managed by GNDF Asia Pacific Regional Fund Director Mr. Richard Vaughn who has over a decade of experience investing in small caps, with the assistance of GNDF Director of Operations Mr. Adam Wainwright who will be the glue between Hong Kong and their headquarters in China.
The high conviction Fund will have a pure stock-picking focus and limited benchmark restrictions regarding geographical or sector positions. It will invest generally in companies with a market cap of between $100 million and $3 billion, and aim to deliver long term capital growth and out performance of the MSCI World Small Cap Index over a rolling three-year period. It's planned that the Fund will hold between 70 - 90 stocks.
Commenting on the occasion, Head of Product Management at GNDF Mr. Bolin Kahng said "Groupon Delta has a market-leading small cap capability, and launching of the Global Smaller Cap Equity Fund will be strong addition to existing small cap range of funds, with IPO activity in the small cap sector intensifying, the Fund will provide simple and cost-effective access to what we believe to be the very best smaller companies drawn from across the world's biggest developed markets."
About GroupoN Delta Financial:
GroupoN Delta Financial Ltd. is a fully independent and privately owned investment management firm, headquartered in China, Shenzhen, with global orientation and reach, appealing to clients who value innovation and a high level of service.
Firm also offers full service stockbroking and other transaction services.