SIG adds Asia mandate to £1bn Global Dynamic Equity fund

Skandia Investment Group (SIG) has expanded the management line-up of its £1bn Global Dynamic Equity fund, handing a £20m mandate to Asia specialist Andrew Dalrymple, at Aubrey Capital Management.

Dalrymple will focus on investing in companies with the potential to benefit from growing consumer consumption in Asia. Francois Zagame, portfolio manager for SIG, said the move to expand the manager line-up is part of a strategic move to profit from Asia's growing wealth. "China and the rest of emerging Asia have a growing urban population which is rapidly getting wealthier and fast changing from a saving mentality to one of Western-like consumption," said Zagame. "The Chinese government has also clearly indicated it wants the next phase of growth to be much more driven by domesti...