Homegrown alternative asset management firm Elite Partners Capital (“Elite”) has launched the Elite Trafford Global Equity Fund (the “Fund”) that provides investors the opportunity to invest in undervalued equities with strong long-term fundamentals.
The open-end Fund was launched in August 2019 and has already raised more than USD20 million – with a target of USD200 million. The Fund will primarily target high net worth individuals qualifying as Accredited Investors under MAS guidelines.
Elite’s new global equity fund offers investors exposure to companies that have strong long-term fundamentals but are being undervalued by the market – depressed by short-term negative factors. The Fund will hold concentrated positions in these undervalued companies with a two to five-year investment horizon.
Mr. Lai Zehan, Portfolio Director of the Fund, said: “Rather than trading on market sentiments, the Elite Trafford Global Equity Fund seeks to invest in companies that have strong fundamentals which can carry them through unpredictable market conditions and a slowing global economy.”
Mr. Victor Song, Chief Executive Officer of Elite, said: “The Elite Trafford Global Equity Fund is an opportune addition to Elite’s growing assets under management. The Fund will provide investors exposure to discounted but high-value equities which will yield above market returns.”
Due to the time required for its investment strategy to play out, the Fund is suitable for investors who are seeking long term capital appreciation and understand the risks involved in investing in such an equity fund.