For Institutional Investors in the US

China Equity

Our dedicated China specialists conduct rigorous research to create a dynamic portfolio of fundamentally-driven ideas from across Chinese equity markets.

Overview

ABOUT THIS STRATEGY

The strategy is designed to capitalize on the growth of the dynamic and evolving Chinese economy as China transitions away from an export-driven economy. The strategy aims to provide investors with a core exposure to Chinese companies incorporated and listed in Mainland China and abroad. Given the growth and prominence of Chinese equities, we believe China will become an increasingly important region both in emerging markets and global equities.

INVESTMENT APPROACH

Established and robust process
The strategy employs a repeatable and robust investment process using rigorous fundamental research to identify stocks that offer excess earnings growth potential.

Dynamic strategy seeks opportunities in immature markets
The portfolio managers seek to identify investment opportunities, both at an industry and individual company level, not yet recognized by the broader market. Core to the team's philosophy is the belief that Chinese equity markets are noisy and immature, providing attractive buying opportunities for fundamentally-driven investors.

Deep insights and experience
Our dedicated management team have 40+ years of experience investing in the Chinese market.

PORTFOLIO MANAGEMENT

May Ling Wee, CFA

May Ling Wee, CFA

Portfolio Manager

Industry since 1997. Joined Firm in 2015.

Performance

RETURNS (%) (As of 09/30/2023)
Composite Gross Composite Net Customised Benchmark MSCI Zhong Hua
 
3M YTD 1YR 3YR 5YR 10YR Since Inception
(01/01/1999)
Composite Gross -2.45 -12.61 -1.85 -15.21 -5.11 3.17 9.75
Composite Net -2.87 -13.77 -3.57 -16.69 -6.75 1.41 7.97
Customised Benchmark MSCI Zhong Hua -3.34 -8.88 4.16 -12.68 -3.97 1.82 6.13
Past performance cannot guarantee future results. Investing involves risk, including the possible loss of principal and fluctuation of value. Returns greater than one year are annualized. Returns are expressed in U.S. dollars unless otherwise stated. Composite returns are net of transaction costs and gross of non-reclaimable withholding taxes (if any and unless otherwise noted), and reflect the reinvestment of dividends and other earnings.
The gross performance results presented do not reflect the deduction of investment advisory fees. Returns will be reduced by such advisory fees and other expenses as described in the individual contract and, where applicable, Form ADV Part 2A.
Net performance results do not reflect the deduction of investment advisory fees actually charged to the accounts in the composite but do reflect the deduction of model investment advisory fees based on the maximum fee rate in effect for the respective time period, adjusted for performance-based fees where applicable. Actual advisory fees may vary among clients invested in the strategy and may be higher or lower than model fees. Returns for each client will be reduced by such fees and expenses as described in the individual contract and, where applicable, in Form ADV Part 2A.
For a complete list of holdings as of the most recently available disclosure period, contact us.
RETURNS (%) (As of 10/31/2023)
Composite Gross Composite Net Customised Benchmark MSCI Zhong Hua
 
3M YTD 1YR 3YR 5YR 10YR Since Inception
(01/01/1999)
Composite Gross -13.74 -15.17 16.46 -16.65 -2.35 2.46 9.58
Composite Net -14.12 -16.41 14.46 -18.11 -4.04 0.71 7.80
Customised Benchmark MSCI Zhong Hua -15.23 -12.47 19.15 -15.06 -2.41 1.18 5.94
Past performance cannot guarantee future results. Investing involves risk, including the possible loss of principal and fluctuation of value. Returns greater than one year are annualized. Returns are expressed in U.S. dollars unless otherwise stated. Composite returns are net of transaction costs and gross of non-reclaimable withholding taxes (if any and unless otherwise noted), and reflect the reinvestment of dividends and other earnings.
The gross performance results presented do not reflect the deduction of investment advisory fees. Returns will be reduced by such advisory fees and other expenses as described in the individual contract and, where applicable, Form ADV Part 2A.
Net performance results do not reflect the deduction of investment advisory fees actually charged to the accounts in the composite but do reflect the deduction of model investment advisory fees based on the maximum fee rate in effect for the respective time period, adjusted for performance-based fees where applicable. Actual advisory fees may vary among clients invested in the strategy and may be higher or lower than model fees. Returns for each client will be reduced by such fees and expenses as described in the individual contract and, where applicable, in Form ADV Part 2A.
For a complete list of holdings as of the most recently available disclosure period, contact us.
Calendar Year Returns (%)
Composite Gross Composite Net Customised Benchmark MSCI Zhong Hua
2022 2021 2020 2019 2018 2017 2016 2015 2014 2013
Composite Gross -25.20 -17.58 30.44 29.75 -21.30 55.81 4.83 -1.06 8.04 22.52
Composite Net -26.51 -19.02 28.24 27.56 -22.67 53.22 3.07 -2.75 6.21 20.41
Customised Benchmark MSCI Zhong Hua -19.15 -19.15 25.13 20.71 -16.25 49.35 1.52 -5.58 7.26 6.26

Documents

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