OAM Asian Recovery Fund

Funds
Investing
About
Contact

Launched at $10 per share at the end of 1998. The Fund invests in open-ended funds managed by boutique investment managers in Asia and closed-end funds trading at a discount to NAV that invest in the region.

OAMASRIKY 166.79

Performance Since Launch (US$)

OAM Asian Recovery Fund NAV

MSCI Asia ex-Japan (US$) Index (MXASJ)

MSCI Asia ex-Japan Small Cap (US$) Index (MSLUAAJ)

Excellent long-term returns

Double digit compound annual returns over the past 25 years have rarely been achieved by investment managers globally, particularly by funds of funds which have historically underperformed benchmark indices due to the layers of fees involved in such a structure.

We achieved this by identifying top boutique fund managers in Asia ex Japan when they managed small amounts of money, often using our network of Asian fund managers as a sounding board. Many of these investments have compounded multifold.

We have a strong understanding of the investment process of the managers we back and remain invested with them for long periods of time. We look for an alignment of interests by selecting managers that have significant investments in the funds which they manage.

Managing the risks

Stock markets are volatile but we believe that well-managed equity funds are the best way to compound savings long term particularly for those who can do so in a tax-efficient way.

In Asia the risks are compounded by currency fluctuations against the US Dollar which we use for measuring investment performance. Historically, the Dollar has strengthened in periods when US equities outperform non-US equities and vice versa which has amplified the volatility of Asian equity returns in US Dollars. Our current view is that the US Dollar is overvalued against most currencies and Asian equities are cheap relative to US equities.

Launched: 31 December 1998
Annualised return: 11.5%
Size of Fund: US$318 million
Year-to-date return: 15.9%

Fund documents

Desmond Kinch, CFA
Fund Manager

admin@oam.com.ky | T: +1 345 949 8780

Designed & Built by

Welcome to Overseas Asset Management

Please note that OAM Funds are not available to any prospective investor who can be qualified as a ‘US Person’

Are you a ‘US Person’?

In compliance terms, a ‘US Person’ - means:

(a) a natural person who is a citizen or resident of the United States;

(b) a partnership, limited liability company or corporation organized or incorporated under the laws of the United States, its territories or possessions, any US state, or the District of Columbia;

(c) a trust of which any trustee is a US Person, unless no beneficiary of the trust (and no settlor if the trust is revocable) is a US Person, the trustee who is a US Person is a professional fiduciary and a trustee who is not a US Person has sole or shared investment discretion with respect to the trust assets;

(d) an estate of which any executor or administrator is a US Person, unless such estate is governed by non-US law, the US Person who serves as an executor or administrator of such estate is a professional fiduciary and an executor or administrator of the estate who is not a US Person has sole or shared investment discretion with respect to the estate's assets;

(e) a non-discretionary account or similar account (other than an estate or trust) held by a dealer or other fiduciary for the benefit or account of a US Person;

f) a discretionary or similar account (other than an estate or trust) held by a dealer or other fiduciary organized, incorporated, or (if an individual) resident in the United States;

(g) an agency or branch of a foreign entity located in the United States; or

(h) a partnership, limited liability company or corporation that is:

(i) organized or incorporated under the laws of a jurisdiction other than the United States and

(ii) formed by a US Person principally for the purpose of investing in securities not registered under the US Securities Act of 1933 as amended, unless it is organized or incorporated and owned by accredited investors (as defined in Rule 501(a) under the US Securities Act of 1933 as amended) who are not natural persons, estates or trusts. Notwithstanding the foregoing, an employee benefit plan established and administered in accordance with the law of a country other than the United States and with customary practices and documentation of such country does not constitute a US Person.

I am a US Person

I am not a US Person

We’re sorry

Overseas Asset Management does not provide investment services to ‘US Persons’

Access Denied

The Participating Shares of the OAM funds are offered to Qualifying Investors. The offering memoranda for the funds do not constitute offers or solicitation to anyone in any jurisdiction in which such offers or solicitation is not authorised or to any person to whom it is unlawful to make such offers or solicitation or is unlawful without compliance with additional registration or filing requirements. In particular, the Participating Shares have not been registered under the United States Securities Act of 1933 and, other than in certain circumstances, may

not be directly or indirectly offered or sold in the United States or to or for the benefit of US persons, or to others purchasing the Participating Shares for re-offering, resale or delivery directly or indirectly in the United States, or to or for the benefit of any such persons. A ‘Qualifying Investor’ means a person who is not a US Person (unless expressly approved by the Board of Directors) and has an open account and signed an investment management agreement with the Investment Advisor.