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Southeast Asia

Accessing the growth of this fast growing and dynamic region.

About Southeast Asia

The Martin Currie Southeast Asia strategy seeks strategy seeks to deliver index outperformance through a high conviction portfolio of high-quality companies, with a strong valuation discipline.

The strategy seeks provide capital growth by investing in a select group of businesses in this fast growing and rapidly changing region. Our approach is to construct a focused portfolio consisting of companies that offer an attractive combination of quality, growth and valuation.

We invest for the long-term, paying close attention to the governance profile of companies this is combined with risk-aware portfolio construction focused on high conviction active positions.

Our philosophy is that stock-focused portfolios, driven by fundamental research, are the best way to exploit market opportunities and generate consistent outperformance.

We focus on finding higher-quality businesses with favourable prospects, sound financials and the ability to generate healthy cashflow. We believe that an appreciation of the quality of management and the incentives influencing their capital allocation decisions helps us make better investment choices. Understanding a company's governance profile is central to this. Importantly these businesses must be available to us at a reasonable valuation to warrant inclusion in the portfolio.

As our emphasis is on understanding individual companies we expect to add most value through stock selection. Conviction in portfolio holdings is regularly tested through monitoring of the business environment, new idea generation and company contact.

Our portfolio construction aims to ensure that our high-conviction investment ideas are appropriately reflected in individual weightings, while maintaining an effective degree of sector and country diversification and managing sensitivity to wider macro factors.

Portfolio characteristics Southeast Asia
Benchmark MSCI AC ASEAN
Performance objective Outperform the MSCI ASEAN on a rolling five year basis
Market capitalisation All-Cap
Sector/country allocations As a result of stock selection, managed within factor risk analysis
Country allocations Index +/-15%
Number of stocks Typical range 40-70
Maximum active stock weight Index + 5%
Inception September 2017*

*Martin Currie assumed management of the strategy on 1 August 2017, the performance start date of 1 September 2017 reflects the period to reposition the portfolio from the previous investment manager.

Our approach is to construct a focused portfolio consisting of companies that offer an attractive combination of quality, growth and valuation.

Andrew Graham
Head of Asia

Investment team

The Asia team combines a range of experience gained from different industry backgrounds including portfolio management, accountancy and private equity. Their approach is collegiate and all members of the Asia team share the responsibility for idea generation, stock research and portfolio construction.

Andrew Graham

Andrew Graham

Job title
Head of Asia
Experience
35 years
Michael Millar

Michael Millar

Job title
Portfolio Manager
Experience
29 years
Jes Goh

Jes Goh

Job title
Portfolio Manager
Experience
16 years
Tom Wills

Tom Wills

Job title
Portfolio Manager
Experience
10 years
Zhang Yu

Zhang Yu

Job title
Investment Analyst
Experience
6 years

To minimise value destruction resulting from poor corporate capital allocation decisions, we pay close attention to the governance profile of a company.

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