NEW YORK, Feb. 5: Ultimus Asia has announced the completion of its first tranche of investments and has targeted four industries to invest in the Asia region. The four industries are namely agriculture, property, international trade and travel.
Ultimus Asia is multi fund, industry and geographic platform with a fund size of $1 billion. Its funds are advised by teams of professionals who live and work in markets where they invest- across 6 countries and forming one of the largest emerging markets presences in the industry.
The first tranche of investment was completed in Dec 2017 with funds from BNPPF Global and Asiaconomics Venture. This fund will be advised by regionally focused teams in Asia with each team focused on middle-market and growth companies consistent with specific regional investment considerations. Currently the fund has $100 million in assets under management (as of December 30, 2017).
BNPPF Global's CRO, Ms. Elise Charrier expressed her delight in the new collaboration, saying "We have been monitoring the Asia market for some years and we were waiting for the right opportunity to enter. The collaboration with Vanguard Fund management as the fund manager came about and provide the right platform. We have full confidence in Vanguard as they have an excellent track record and as an investor, we are looking to extend our influences globally, beyond Europe where we still park the majority of our funds."
Ultimus Asia's Chairman, Mr. Dan Logan addresses to the press today and reveals the fund's investment plans for 2018. "Ultimus Asia fund aim to harness the last round of wealth in Asia by investing in long term growth capital with primary focus on the needs of the middle class in Asia. Based on the Maslow's hierarchy of needs, we believe the middle class are likely to spend most on their basic and security needs as well as esteem needs. Therefore we have targeted 4 main industries to invest in."
The 4 main industries are agriculture, property, international trade and travel.
Agriculture where the fund seeks to capitalize on positive macroeconomic fundamentals by investing in agricultural natural resources and hi tech agricultural companies.
Property where the fund seeks to provide investors with exposure to a diversified portfolio of Asia residential property assets with the potential for attractive long-term returns through a combination of capital growth and net rental income.
International trade where we seeks to capitalize on regional free-trade zone by investing in trading and logistic companies.
As well as travel where the fund seeks to further diversify the portfolio by investing in the travel industry value chain, ranging from traditional and online travel agencies, air tickets brokerage companies, travel insurance and hospitality companies.
Combining the above investment areas, Ultimus finely positions its portfolio to ride on the industries powered by the ever growing middle-income groups, finding balance between high-growth and low-risk.
