Man GLG's Swan eyes 'regime change' in Asia ex-Japan Equity portfolio

Manager keen on struggling sectors

Andrew Swan has shunned China and tech firms in favour of South Asian stocks and companies that have struggled over the past decade, with the newly launched Man GLG Asia ex-Japan Equity fund looking to "regime change" in markets over the next cycle.

Launched in October, Man GLG Asia ex-Japan Equity is a long-only, style-agnostic and fundamentally driven vehicle, which typically builds exposure between 20% overweight and 20% underweight relative to the MSCI Asia ex-Japan index. The fund's first factsheet, published last week, revealed 38 holdings at the end of October, with large underweights to China and South Korea in particular. By contrast, the fund has large overweights to the index within Thailand, Indonesia and Philippines, and a marginal overweight to India. Update: Man GLG launches Asian equity fund for Andrew Swan ...