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.
Allocation Breakdown
Asset Class
Equity
99.47%
Cash
0.53%
Geography
China
43.37%
Japan
35.83%
Australia
6.68%
Hong Kong
6.68%
Indonesia
3.65%
Singapore
3.26%
Sector
Communications
23.91%
Consumer Discretionary
23.33%
Technology
16.68%
Healthcare
12.95%
Financials
10.26%
Industrials
6.29%
Real Estate
3.36%
Materials
3.22%
Top Holdings
Position
Weight(%)
1.  
Meituan
3.60
2.  
NetEase Inc
3.55
3.  
Sony Group Corp
3.52
4.  
Tencent Holdings Ltd
3.49
5.  
Ping An Insurance Group Co of China Ltd
3.47
Position
Weight(%)
6.  
Telkom Indonesia Persero Tbk PT
3.46
7.  
China Life Insurance Co Ltd
3.38
8.  
Chugai Pharmaceutical Co Ltd
3.37
9.  
Industrial & Commercial Bank of China Ltd
3.36
10.  
Sea Ltd
3.36