New Asia equities fund with no annual management fee

Singapore

FORMER financial journalist turned fund manager Teh Hooi Ling has set up a fund investing in Asia-Pacific equities. She has joined Swiss-Asia Financial Services, and the fund is called Inclusif Value Fund (IVF).

The fund will not charge any annual management fees. Early investors who get in during the initial offer period of six months starting in June will receive a 20 per cent discount on performance fees. The performance fee is pegged at 20 per cent, and is charged when the fund generates positive returns.