Our thematic approach to investing is founded on analysis of the long-term fundamental changes underlying the economies of the Asia Pacific region.
The approach concentrates on the identification of long-term fundamental trends to derive investment themes, which traverse national boundaries to show in the pace of change in business sectors. These investment themes cut across traditional industry and sector classifications to focus directly on beneficiary companies, which are researched for their relevance to the theme and subjected to individual stock analysis.
To this, we add a valuation evaluation of expected price ranges, market liquidity, fund flow and technical considerations to arrive at an asset allocation fall-out that bears little resemblance to market indices or benchmarks.
Risk control is practised from an absolute return perspective. It is achieved by diversification and stock selection with cash as a valued asset class.
Our portfolios are long-only portfolios, created through an investment process that derives from the dynamics of change and which integrates both the top-down and bottom-up approaches to portfolio construction. This is a tried and tested investment process that has been practised by our principal portfolio managers for over 30 years through changing investment conditions.
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