Matrix is moving its flagship Asia long/short fund, managed by Rupert Foster, to daily dealing.
The Matrix Asia Ucits fund will commence daily dealing from 21 March. The $32.8m Irish domiciled fund will continue to run its existing strategy, investing in 40-60 Asian stocks. Matrix CEO Angus Woolhouse says: "We spent a year marketing the Cayman and the Ucits version of the fund and we are now about to move to daily dealing, which is a very important attribute for the retail client base. Daily pricing makes the product more like a passive unit trust."
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