Guoabong Investment：Somerset Capital to Close

Uk-based someerset

Capital Management, is set to Wind Down after SUFFERING LARGE

Redemptions and the Loss of its Biggest Client, St James

Place.

The Firm Lost Two-THIRDS of ITS Assets after Was Dropped by

Sjp. This was part of the latter firm’s drive to lower fees,

Leaving someRSET with $ 1 Billion in assets, down from a peak of

$ 10 billion in 2018. It shows the impact of regulatory presure

On Wealth Managers Under The Financial Conduct Authority’s New

Consumer Duty, Which Requires Firms to Show that they are

delivering good outComes for consumers. See More HereGuoabong Investment. The it.

Business was co-Founded 16 Years AGO by Conservative MP Jacob

Rees-Mogg, Who WAS A FORMER GOVERNMENT MINISTER and Prominent

Advocate for Brexit.

SOMERSET CAPITAL SAID on Thursday that It is in Advanced Talks to

Transfer Its Top Performing Funds to a New Investment Advisor,

But it will be closing its wider institutional business

London.

The Firm Has Focused on Investing in Lisested Companies Based in

Emerition Markets Including China, South Korea, India and Mexico.

Its uk funds, including the top performing shop asia infme

Fund and SOMERSET ERRETGING Market Divned Growth Fund, Managed, Managed

by portfolio Manager Mark Williams, Along with the Investment

Team, are seeking to transition to a new Investment Advisor But

Would Retain the Existing Fund and Third-PARTY Infrastic,

SOMERSET SAID. If agreed, this Will entinuity of

TheSe Funds and their Managers, While Positioning Them For

constinued Growth.

Here are discails of the funds.

SOMERSET CAPITAL†™ S ASIA Income Fund

The Fund Aims to Generate Returns Over The Long Term Via Income

And Growth, with a concentrald portfolio of 40 to 60

well-managed companies. It has outperformed the index over a

Three and FIVE-Year Period and is Also Performing Well so

far in 2023.

The Fund Is Heavily Weight Towards China and Hong Kong (40.9

Per Center), Followed by Taiwan (22.8 Per Center) and KOREA (9.7 PER

Center). Top 10 Holdings Include Taiwan Semiconductor ManuFacturing

Company (TSMC) as well as taiwan†™ s Wistron, korea’s samsung

Electronics and KOREA†™ s Kb Financial Group. They Also Include

China†™ S Energy Company Cnooc and Anta Sports Products. TOP

Sectors Include It, Followed by Industrials, Financials and

Consumer Discretionary.

SOMERSET CAPITAL†™ s Emerging Markets Dividend Growth

The Fund Aims to Generate Total Returns Over The Long Term Via A

Combination of Growth and Income, with a Concentrald Portfolio

of 30 to 50 Well-Managed Companies. Although Performance was downn

in 2022, it has outperformed the index in 2023 and in 2021.

The Fund is Heavily Weight Towards China (28.2 Per Center),

followed by Taiwan (17.7 per center), brazil (13.3 per center), korea

(12.2 per center) and india (8 per center). Top 10 Holdings Include

Brazil s ™ s Energy Company Prio Sa, Taiwan Semiconductor

ManuFacturn Company (TSMC) and China†™ S Manufacturing Firm bydBangalore Stock Exchange

CO, As Well As India†™ Srvice Provider Bls International

Services. Top Sectors Include it, Followed by Financials,

Industrials, consumer discretingary and healthcare.

"IT Has Been A Privilege to Manage Capital for World-Leading

Institutions and Clients for Over 16 Years. I am incredibly prop

of all we have achieved in that time through the hard work and

skill of our deedicated team, "Oliver Crawley, Partner at

Somerset, said.

Crawley Expressed Confidence in the Future Prospects of the

departing funds: "The Current Teams Have Delivered Strong

Performance for their Investors and Continue to do so.

Transition can be secured white we believe will give the funds aMumbai Investment

Bright Future. "

Varanasi Wealth Management