July 2009

As we continue to bring together the BT and Advance multi-manager funds and adjust the mix of asset classes, we’ve now made a specific allocation to Asian equities, based on our positive medium to long-term prospects for the region. The allocation to Asian equities provides additional diversification to the BT Multi-manager investment options, enhancing the long term risk/return profile.

Patrick Farrell, Head of Investment Solutions, outlines why his team favours Asian equities. “Within emerging markets, we believe Asian economies will be the most significant drivers of global economic growth over the medium to long term, particularly China and India, which stand out in terms of their economic and demographic size.”

The BT Multi-manager investment options will invest in the Advance Asian Equity Fund, managed by Lion Global Investors Limited (Lion). Lion is a well-managed and well-resourced organisation with one of the largest and most experienced teams dedicated to Asian equities. It was recently honoured with 17 awards at the Edge-Lipper Fund Awards in Singapore, Lipper Taiwan Fund Awards and Asia Asset Management Best of the Best Awards 2008 (Hong Kong).

What’s next?

We’ll continue to make strategic changes to the BT Multi-manager investment options when market conditions are appropriate, so keep an eye out for further updates.