CGSI launches portfolio strategy focused on new listings and secondaries in Asean, Hong Kong

[SINGAPORE] As investors turn to Asia for growth amid uncertainty in US markets, CGS International Securities (CGSI) is rolling out a new discretionary equity portfolio mandate, the Ascend Access Strategy, which will focus on new listings and secondary placements across Asean and Hong Kong.

Developed by CGSI’s asset management division, the strategy offers investors access to initial public offerings (IPOs) and secondaries traditionally reserved for institutional investors.

Under the mandate, at least half of the portfolio will be allocated to Singapore equities. The remaining half of the portfolio will be allocated to other Asean equities, as well as selective exposure to Hong Kong and China markets.