investec gsf asian equity Managed by Greg Kuhnert for more than three years, the fund has had an im...
investec gsf asian equity
Managed by Greg Kuhnert for more than three years, the fund has had an impressive track record over a short period of time. By utilising Investec's four factor process, the fund is one of the few investing in the region with a strong quantitative approach behind it. Kuhnert combines this approach with bottom-up fundamental analysis to consistently deliver above average returns. He is style agnostic and the portfolio will typically feature a diversified number of holdings from the mid and large-cap space. Although sector positioning is a function of his bottom-up stockpicking, Kuhnert is currently playing the regional domestic consumption theme, which is seen as the biggest story across Asia ex Japan going into 2007. The region has a growing middle class as a result of rising wage levels and positive social and economic reform. This is ultimately leading the region to becoming more self-reliant.
fidelity funds south east asia
The fund, managed by Allan Liu, has had an impressive track record since he took over a number of years ago and was the top performer among his peers in 2005. He holds a diversified portfolio, typically featuring 150 to 250 large and mid-cap stocks with a growth bias. His style emphasis focuses on bottom-up stockpicking, quality management, a globally competitive edge, strong finances and positive cashflow, which have delivered excellent returns to his investors in recent years. Liu differentiates himself from his peers by having more exposure to the exporting markets of North Asia, such as Korea and Taiwan, and less emphasis on purely playing the domestic consumption theme, which is popular among his peers. The manager is also quite positive on the Chinese market for 2007.
Having successfully run the Mellon Asian Equity fund for a number of years, Ezra Sun joined the boutique Veritas as a partner and director in mid-2004. Sun applies a thematic approach to investing, linking top-down macro views with bottom-up fundamental stockpicking. His portfolio typically includes a large core of long-term holdings, which is surrounded by a trading portion where more short-term and momentum plays are included. He has a bias towards large caps but is otherwise style agnostic. Key portfolio themes for 2007 include China related plays, which he is very bullish on, believing renminbi appreciation will be a main driver as well as soft commodities (such as water, sugar and tea) and high-yielding stocks.
mellon asian equity
Having taken over responsibility of the Mellon Asian Equity portfolio in 2004, Jason Pidcock has delivered top quartile returns across most time periods. He uses a conventional thematically driven approach in his portfolio construction with a large-cap bias and typically holds about a 20% exposure to Australia. Key themes include gaming and the development of gambling resorts in Macao and Singapore, which he believes will be a major driver of portfolio performance in 2007. He is also heavily focused on high-yielding stocks and beneficiaries of strong domestic consumption.
first state china growth
Since taking over in 2002, Martin Lau has consistently delivered top quartile returns by applying a purely bottom-up approach, primarily investing in large and mid-cap stocks. However, quality and valuations are key components of the process and Lau will avoid chasing beta and momentum stocks, thereby adding value by taking fairly aggressive bets in the names he has most conviction in, even if they lead to large deviations away from the benchmark. Key themes include domestic consumption and renminbi appreciation, which should increase prices in such areas as real estate, banks, telecoms and insurance companies - all of which are main plays for the manager.
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