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Asia-Pacific all country high conviction equity
Asia-Pacific equities

Asia-Pacific all country high conviction equity

Concentrated, unconstrained, high active weight strategy

Key points:

  • High active share of 80-90%, no neutral or underweight stock positions. 
  • Proven track record with long-term outperformance. 
  • High conviction stock selection portfolio with consistent alpha.

Philosophy

In general, investors in the Asian markets have a short-term focus, causing stocks to firmly over-and undershoot fair value. This offers opportunities that we use to our advantage: 

  • Focus on value: Identify value opportunities and avoid overhyped growth stocks 
  • Momentum awareness: Acknowledge the power of herd behavior 
  • Adhere to a long-term horizon and avoid short-term market distractions.

Process

First, multiple screening tools help to shrink the universe of about 2400 stocks to a manageable level, shaking out the unattractive stocks. Next, the investment team evaluates the remaining 400 stocks and earmarks the most interesting opportunities for further analysis. In the third step, we assess stock attractiveness from all possible angles. On a monthly basis, approximately 10 new investment ideas undergo in-depth fundamental and valuation analysis. On average, portfolio managers buy and sell one or two stocks per month.

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Team

Managed by our Hong Kong based Asia Pacific Equities team.

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