The CC Asian Evolution Fund offers investors a concentrated, high conviction exposure to the Asian Consumer sector within a UCITS V structure. The fund seeks to invest in a concentrated portfolio of typically between 20 and 40 stocks.
The manager seeks to invest in undervalued growth stocks that offer compelling risk/reward opportunities and trade at attractive long term valuations. These stocks fall into four key opportunity sets: High Growth Leaders, which, in our view, are good quality consumer companies in Asia with good quality management, track record and integrity; Established Franchises, which are dominant operators more normally found in the ASEAN markets; Tightly Held Dominators, which are often subsidiaries of multi national companies in smaller markets with a small free float or are tightly held family run businesses; and Special Situations, which are catalyst driven opportunities at a stock level .
The fund may also use index puts and cash to reduce market volatility. Due to the embryonic nature of the consumer sector in the Asian region, we expect to cap the size of the fund at $250m.