Edinburgh Dragon (EFM) has some natural advantages as the largest and one of the most liquid Asian investment companies. Its focus on buying high quality companies at attractive valuations appears to have served it well over the long term but in recent years its performance has lagged its peer group. However, the manager believes current market volatility could herald a return to form for the fund.

In this initiation note we explain how Edinburgh Dragon is managed and the thinking behind its current portfolio positioning. The note also delves, in some detail, into the workings of the fund.