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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

20172018201920202021YTD
Portfolio (%)38.81-11.5211.9870.59-14.22-32.53
Annualized ReturnStandard DeviationDividend Yield
Portfolio-0.16%16.78%4.4%

Allocation Breakdown

Asset Class


Equity99.51%
Fixed Income0
Commodities0
Cash0.49%

Geo


Australia6.25%
China37.8%
Hong Kong6.7%
Japan32.2%
Singapore6.6%
Indonesia3.45%
Thailand3.25%
South Korea3.25%

Sector


Financials 13.68%
Industrials9.7%
Consumer Discretionary22.65%
Real Estate3.38%
Consumer Staples 9.79%
Materials 3.04%
Healthcare3.29%
Utilities
Technology15.23%
Energy3.49%
Communications15.76%

Top Holdings

Asset ClassWeight (%)
1. Nippon Telegraph & Telephone Corp3.74%
2. China Life Insurance Co Ltd3.73%
3. China Petroleum & Chemical Corp3.47%
4. Telkom Indonesia Persero Tbk PT3.41%
5. Ping An Insurance Group Co of China Ltd3.41%
6. Swire Properties Ltd3.36%
7. Chow Tai Fook Jewellery Group Ltd3.34%
8. Jardine Cycle & Carriage Ltd3.33%
9. BYD Co Ltd3.31%
10. DBS Group Holdings Ltd3.31%