A global fund has been launched to invest in the exhibition and events industry, marking the first fund of its kind.
Headquartered in Singapore, the Arena MICE Equity fund has been set up by Exhibition International Investment Partners and Abacus Capital, and offers an opportunity to gain exposure to the recovery and growth of the business events industry through publicly listed MICE and MICE-related stocks.
“The exhibition industry severely suffered and until now is still suffering from the Covid-19 pandemic,” said Bjoern Kempe, lead advisor and chairman of EIIP.
“I believe the formation of the fund that invests in publicly-listed companies active in the MICE industry can not only support troubled companies and provide capital but most importantly the Fund will draw attention to this very important business sector.”
Hogi Hyun, managing director at Abacus Capital said the industry “is a large untapped sector with no dedicated funds or ETFs for investors”.
“Listed MICE stocks due to the global pandemic are expected to rally as global vaccination effort will enable business travel to resume and the MICE sector to reopen from 2022 onwards,” he said.