Robeco introduces Robeco Asian Stars - Invest in Asia’s best
Robeco launched a new equity fund today: Robeco Asian Stars Equities. Robeco’s ‘Stars’ product range, characterized by its high conviction, off-benchmark investment approach, will be further strengthened by the introduction of Robeco Asian Stars Equities.
Robeco Asian Stars is the concentrated, high-conviction product that focuses on the most attractive investments in Asia ex-Japan, an exciting growth region. Individual stock positions will be in the 2% to 5% range resulting in a portfolio of around 30 to 40 stocks.
The fund will be managed within the seasoned Robeco Asia Pacific Equities investment team based in Hong Kong with Michiel van Voorst as portfolio manager. The team will closely cooperate with Canara Robeco in Mumbai, our sector specialists and the Emerging Markets team. The Asia Pacific team has an excellent track record that is exemplified by their qualitative ‘Superior’, and quantitative 5-star rating by Morningstar.
Robeco Asian Stars is positioned to benefit from the long-term mega trends in Asia that drive growth for the next decade and beyond. A first mega trend is that China, India and Indonesia contributed over 25% of global GDP growth in the past five years and will continue to drive global growth. Second, by 2014 the Asian middle class will have grown to 1 billion consumers and major consumption segments will exhibit J-curve hyper growth over the next decade as Asia’s middle class enjoys rising incomes and exhibits higher propensity to consume and take risks. A third mega trend is the increasing intra-regional trade and cooperation that helps to sustain Asia’s healthy growth outlook in the context of a muted economic outlook for developed markets.
Michiel van Voorst, portfolio manager Robeco Asian Stars, said: “Investing in the world’s most dynamic growth region is an exciting opportunity and I am convinced it will yield Robeco’s investors great long-term returns.”
Arnout van Rijn, CIO Equities Hong Kong, said: “Asian Stars Equities is a great addition to Robeco’s offering from our team in Hong Kong. The fund meets demands from our clients that either want to focus their emerging markets investment regionally or do not like Japan exposure. On top of that the fund will be managed by one of Robeco's most talented portfolio managers, Michiel van Voorst.”