Asia-Pacific Equity
Key points:
- High active share of 75-90%, no neutral or underweight stock positions
- Proven track record with excellent long-term performance
- 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 a 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.
Regions
The strategy is available for the following investment regions: all country and developed markets only.
Team
Managed by our Hong Kong and Shanghai-based Asia Pacific Equities team with hands-on experience over the full market cycle. This team is embedded in Robeco's broader Global Fundamental Equities group of 65 investment professionals.
