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Asia Leaders

A high conviction stock portfolio targeting leading Asian stocks. As Asia transitions from an export manufacturing hub to a global driver of consumptions, Asia’s leaders today may become the global leaders of tomorrow.

Strategy Description

  • Asia is the fastest growing major economic region in the world and will remain so:
    • Asia’s GDP will overtake the GDP of the rest of the world combined in 2020 or 2021
    • By 2030, the region is expected to contribute roughly 60% of global growth
    • Asia will be home to 90% of the 2.4 billion new members of the global middle class
  • Yet most investors have minimal exposure due to the make-up of global indices, which are largely constructed by Western index providers; ~50% of GDP but only ~20% of MSCI All Country World
  • Asia is transitioning from the world’s factory to the world’s innovator. Asian companies are increasingly winning at home vs global companies and are now expanding beyond their borders.
  • Our Asia Leaders portfolio seeks to target the leaders in the highest growth sectors in Asia, namely healthcare, technology and consumer brands. These world class firms have a large and increasingly rich domestic audience as well as a sustainable competitive advantage by virtue of their intangible assets, which are difficult to clone or re-create. These include strong brand recognition, high levels of innovation, customer loyalty, government support and large distribution networks.
PrintFact Sheet

Portfolio Performance

20202021YTD
Portfolio (%)46.82-14.13-15.36
Annualized ReturnStandard DeviationDividend Yield
Portfolio3.11%21.91%3.7%

Allocation Breakdown

Asset Class


Equity99.51%
Fixed Income0
Commodities0
Cash0.49%

Geo


Australia6.62%
China48.19%
Hong Kong3.03%
Japan32.84%
Singapore5.73%
Indonesia3.11%

Sector


Financials 13.61%
Industrials9.14%
Consumer Discretionary26.82%
Real Estate3.1%
Consumer Staples 3.61%
Materials 2.75%
Healthcare3.4%
Utilities
Technology18.47%
Energy3.09%
Communications16.02%

Top Holdings

Asset ClassWeight (%)
1. Pinduoduo Inc5.67%
2. Vipshop Holdings Ltd4.82%
3. Atlassian Corp PLC3.82%
4. Ping An Insurance Group Co of China Ltd3.80%
5. Baidu Inc3.72%
6. China Life Insurance Co Ltd3.71%
7. Kirin Holdings Co Ltd3.59%
8. Denso Corp3.47%
9. JD.com Inc3.41%
10. Hoya Corp3.38%