Ignis wins Asia Pacific mandate from Russell Investments

Ignis is delighted to announce that it has won a mandate to manage a US$100 million segregated portfolio of Asia Pacific (excluding Japan) equities on behalf of Russell Investments.

This is the second mandate awarded to the Ignis Asia Pacific team in recent weeks, following a US$57 million portfolio granted to Ignis by a major international bank.

The Ignis Asia Pacific team is responsible for managing assets of £500 million on behalf of retail, institutional, international and life company investors. The team's flagship fund - the £68 million Ignis Pacific Growth Unit Trust - has consistently outperformed its sector average over time. The fund has outperformed the IMA Asia Pacific excluding Japan sector average by 0.8%, 4.7% and 11.2% over one, three and five years respectively.

The Ignis Asia Pacific team, which is headed by Andrea McNee, CIO international equities, is one of the longest serving and most experienced Asia Pacific teams in the UK. The team has managed the Ignis Pacific Growth Unit Trust for more than 12 years and has a collective investment experience of more than 60 years.

Jonathan Polin, director, Ignis Asset Management, says: "This is the second mandate won by the Ignis Asia Pacific team in recent weeks. The winning of such a prestigious mandate from Russell Investments is testament to the team's length of tenure, the rigidity of their investment process and strong and consistent performance track record achieved over many years.

"Markets have been volatile in 2008 and consequently, investors are entrusting their assets to managers who have proven that they can outperform the market and their peer group over a long period and through a wide range of market conditions."