OUR FUNDS

KNIGHT MEKONG STRATEGY FUND (KMSF)

INVESTMENT OBJECTIVE

Fund outperformance of regional benchmark indexes and GDP growth rates.

STRATEGY

Mekong Region Equity

Knight Mekong Strategy Fund (KMSF) invests in listed and pre-IPO companies in Thailand and the countries of the Mekong Region: Cambodia, Laos, Myanmar, Vietnam and Yunnan Province in China, including Mekong focused companies listed in Hong Kong, Singapore and Australia. Particular emphasis is placed on companies in industries that have developed successfully in Thailand that benefit from increasing regional economic integration.

INVESTMENT APPROACH

KMSF’s investment manager is Incu Global Ltd. which is advised by Knight Trading Co Ltd. (Knight). Knight has proved to be uniquely capable at investing in undervalued securities in industries that are central to sustainable regional growth. This strategy enables Knight to deploy capital in pro-growth industries, at low valuations and on a diversified basis across the region. Knight related advised funds have generated 10-15%+ annualized returns for over a decade.

REGIONAL BACKGROUND

The Mekong Sub-region (GMS) is home to over 326 million people and has maintained GDP growth between 5-12% for the past 20 years. With over 10 years of experience in the region, Knight is positioned to provide unparalleled market access and returns in dynamic GMS region. Knight targets outperformance of current 6-7% GMS growth rates and regional benchmark indexes.

Board of Directors

Mr. Anthony D’Silva, Mr. Martin O’Regan

List of Parties & Addresses

Atsawin Myanmar Fund (AMF)

INVESTMENT OBJECTIVE

Fund outperformance over regional benchmark indexes and GDP growth rates.

STRATEGY

Myanmar Public and Private Equity

Atsawin Myanmar Fund (AMF) invests in listed and pre-IPO companies in Myanmar as well as Myanmar companies listed in international markets such as Singapore. Particular emphasis is placed on industries which have already developed successfully in Thailand & benefit from expanding regionally. Originally a single asset fund investing in cement manufacturer Max (Myanmar) Manufacturing Co. The fund now follows a more diversified approach investing in companies within industries positioned for rapid growth.

INVESTMENT APPROACH

AMF’s investment manager, Knight Trading Co Ltd (Knight), has proved to be uniquely capable at investing in undervalued securities in industries that are central to sustainable regional growth. This strategy enables Knight to deploy capital in pro-growth industries, at low valuations and on a diversified basis across the region. Knight  funds have generated 10-15%+ annualized returns for over a decade.

REGIONAL BACKGROUND

Myanmar is home to over 55 million people and has maintained GDP growth between 6-8.5% since political reforms were initiated in 2012. With over 25 years of experience investing in Myanmar, Knight’s senior investment team is positioned to provide unparalleled market access to this dynamic country. Atsawin Myanmar Fund target outperformance of current 7% GDP growth rate.

Board of Directors

Mr. Jeremy King, Mr. Nicholas Athony and Mr. Patrick Davenport

List of Parties & Addresses

Atsawin Cambodia Fund (ACF)

INVESTMENT OBJECTIVE

Fund outperformance of regional benchmark indexes and GDP growth rates.

STRATEGY

Cambodian Public and Private Equity

Atsawin Cambodia Fund (ACF) invests in listed and pre-IPO companies in Cambodia as well as Cambodian listed shares in international markets such as  Hong Kong. Particular emphasis is placed on industries which have already developed successfully in Thailand and benefit from regional growth and integration. Originally a single asset fund investing in cement manufacturer Cambodia Cement Chakrey Ting which was sold in 2015. The fund portfolio is now concentrated or investing in BRM Agri Cambodia limited, an  integrated rice company.

INVESTMENT APPROACH

AMF’s investment manager, Knight Trading Co Ltd (Knight), has proved to be uniquely capable at investing in undervalued securities in industries that are central to sustainable regional growth. This strategy enables Knight to deploy capital in pro-growth industries, at low valuations and on a diversified basis across the region. Knight  funds have generated 10-15%+ annualized returns for over a decade.

COUNTRY BACKGROUND

Cambodia is home to over 16 million people and has maintained high GDP growth for the past few decades beginning with economic reforms in the 1990’s. The country benefits from a liberal foreign investment climate, growing intra-regional trade, abundant resources and a young population. With decades of regional investment experience, Knight Asia’s senior investment team is positioned to provide unparalleled market access to this dynamic country. Knight Asia targets outperformance of Cambodia’s current 7% GDP growth rate.

Board of Directors

Mr. Jeremy King, Mr. Patrick Davenport and Mr. Jonathan Watkin

List of Parties & Addresses

Managed accounts

Knight Asia, and its related companies, offer a variety of managed account products tailored to meet the investment needs of our exclusive clients. As a preeminent regional specialist in Southeast Asia we offer our clients exclusive access to some of the fastest growing and dynamic markets in the world. Matching our clients desires with bespoke investment strategies that reflect the realities of the markets we invest in is a passion and a forte for us.

For more information please contact Jeremy King at jk@knightasia.com

KNIGHT ASIA CONTRARIAN FUND (KACF)

INVESTMENT OBJECTIVE

Medium Term, Low Volatility Outperformance over Regional Indexes

STRATEGY

Best Ideas Contrarian Using Independent Thinking & Research

Knight Asia Contrarian Fund (KACF) is a long/short fund, aiming to provide investors with medium term capital appreciation from listed equities and pre-IPO investments in emerging Asian markets. The Manager seeks absolute performance from contrarian investment opportunities by investing both on a macro industry and stock selective, value driven basis. This is achieved by investing independently from the prevailing market bias, looking for counter-trend turning points to build positions on momentum.

INVESTMENT APPROACH

Knight PF Management (Knight) is the manager of KACF and is advised by Atsawin Mekong Frontier Management (AMFM). Knight has proved to be uniquely capable at investing in undervalued securities on a contrarian basis to market sentiment. This strategy enables Knight to deploy capital at low valuations and on a diversified basis into companies throughout Emerging Asian Economies. Utilizing this strategy, Knight managed funds have generated 10-15%+ average annualized returns for over a decade.

REGIONAL BACKGROUND

KACF invests in pan-Asian markets with a particular emphasis on ASEAN and Emerging Asian Markets. ASEAN markets are under-researched due to decreasing brokerage commissions and are highly retail influenced. This results in opportunities through mis-pricing which KACF seeks to capitalize on through fundamental research and on the ground anecdotes.

Board of Directors

Mr. Nicholas Anthony,  Mr. Patrick Davenport and Mr. Jeremy King

List of Parties & Addresses