Copper Basin Capital Launches MSCI All Country Asia Index Fund
SINGAPORE, June 12, 2018 (Newswire.com) - Singapore-based investment fund manager, Copper Basin Capital Pte. Ltd., has launched an investment platform that allows investors to invest in one, some or all the 11 GICSⓇ sectors comprising the MSCI All Country Asia Index (MSCI AC Asia Index).
The MSCI AC Asia Index, whose components and weights are selected and calculated by MSCI, Inc., is a well-known benchmark index used by sovereign wealth funds, pension plans, foundations, and other global institutional investors as a standard to measure investment manager performance for investments in Asia. The index tracks the performance of 12 Asian markets, namely, China, Hong Kong, India, Indonesia, Japan, Malaysia, Pakistan, Philippines, Singapore, South Korea, Taiwan and Thailand.
With the launch of the fund platform, institutional investors now have a readily available path to invest in the index either with a benchmark strategy by investing across the entire index or with an alpha generation strategy by investing in undervalued sectors.
The investment fund, MSCI AC Asia Index Sector Fund (MXAS), is constructed by taking the more than 1,200 large and mid-cap equity securities in the MSCI All Country Asia Index, segregating them into their respective GICS® sectors and then using those components for each sector sub-fund. The sector sub-funds represent each of the 11 GICSⓇ sectors, namely, Consumer Discretionary, Consumer Staples, Energy, Financials, Health Care, Industrials, Information Technology, Materials, Real Estate, Telecommunication Services, and Utilities.
“Home to 60 percent of the world’s population and coupled with rapid urbanization, Asia is poised for continued growth,” said Richard Astorga, Managing Director and Portfolio Manager for Copper Basin Capital Pte. Ltd. “As security markets become more efficient, it is a natural progression for index investment funds to emerge to allow investors the same low-cost access available in other parts of the world.”
About Copper Basin Capital
Established in Singapore since 2006, Copper Basin Capital Pte. Ltd. has invested across Asia and managed investment fund operations together with Sansar Capital Management, LLC, a New York-based investment management firm, for over a decade. The Sansar Capital funds invested primarily in Asia with US$3.4 billion in peak Assets under Management.
Source: Copper Basin Capital Pte. Ltd.