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Overview
The strategy seeks to capture nominal Asia ex. Japan GDP growth – not always reflected in stockmarket returns, by investing in businesses able to grow with the region. Making a long- term capital commitment to compound returns from high quality companies over time.
These businesses are identified by conducting extra due diligence through our accounting diagnostics process and an in-depth assessment of corporate governance.
Key Information
| Portfolio characteristics | Asia Long-Term Unconstrained |
|---|---|
| Objective | Long-Term Growth |
| Asset Class | Equities |
| Style | Quality |
| Investable Universe | Asia |
| Benchmark | Unconstrained |
| Market capitalisation | All-Cap |
| Sector/country allocations | Unconstrained |
| Number of stocks | 20-30 |
| Maximum active stock weight | 10% or 10% of company ownership |
| Portfolio turnover | < 30% p.a. |
| Inception | July 2008 |
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"Asia's growth story in recent decades has been impressive and there are exciting prospects for the future."
Andrew Graham, Head of Asia
Why Invest in Global Emerging Markets
Concentrated
Our concentrated portfolio means that each and every one of our 20-30 holdings makes an impact.
Unconstrained
We invest only in our highest conviction ideas, leading to differentiated performance.
Quality
We believe investing in high quality names translates growth into investor returns. We focus on accounting and governance to identify high quality companies.
Long-term
Investing over a long-term horizon enables the compounding of returns over time. Our long-term focus also helps minimise portfolio turnover.
Investment Strategy
We aim to invest in businesses that are able to grow with the region, but which more importantly can translate that growth into good returns for shareholders. Acquiring them on a reasonable valuation, based on an in-depth assessment of their long-term potential.
- These opportunities are scarce and when we find one, we aim to make a long-term capital commitment – to minimise costs and maximise the positive effect of compounding high returns from good businesses
- The level of conviction in our portfolio is driven by the high hurdles we set, both in the quality of the franchise in which we invest and in finding this quality at a reasonable valuation.
- We build unconstrained, concentrated portfolios diversified by country, sector and business maturity. We seek to avoid the permanent erosion of capital by undertaking thorough due diligence on companies including our accounting diagnostic analysis.
Investment Team
Andrew Graham
- Job title
- Head of Asia
- Experience
- 35 years
Michael Millar
- Job title
- Portfolio Manager
- Experience
- 29 years
Jes Goh
- Job title
- Portfolio Manager
- Experience
- 16 years
Tom Wills
- Job title
- Portfolio Manager
- Experience
- 10 years
Zhang Yu
- Job title
- Investment Analyst
- Experience
- 6 years
Our Capabilities
Contact Us
Please visit our contact page or speak to a member of our sales team, to discuss the most appropriate investment to meet your requirements and for more information on our investment capabilities.
Mel Bucher
Head of Global Distribution
T: +44 (0) 131 479 4748
M: +44 (0) 758 414 7720
E: mbucher@martincurrie.com
Contact Us
Please visit our contact page or speak to a member of our sales team, to discuss the most appropriate investment to meet your requirements and for more information on our investment capabilities.
Mel Bucher
Head of Global Distribution
T: +44 (0) 131 479 4748
M: +44 (0) 758 414 7720
E: mbucher@martincurrie.com
Susan Gim
Investment Client Portfolio Manager, Emerging Markets
T: +1 212-632-3263
E: sgim@martincurrie.com
Contact Us
Please visit our contact page or speak to a member of our sales team, to discuss the most appropriate investment to meet your requirements and for more information on our investment capabilities.
Mel Bucher
Head of Global Distribution
T: +44 (0) 131 479 4748
M: +44 (0) 758 414 7720
E: mbucher@martincurrie.com
Danni Yang, CFA®
Investment Client Portfolio Manger, Global Long-Term Unconstrained
M: +44 (0) 7826548065
E: dyang@martincurrie.com
Contact Us
Please visit our contact page or speak to a member of our sales team, to discuss the most appropriate investment to meet your requirements and for more information on our investment capabilities.
Mark Cho, CFA®
Head of Americas Distribution
Intermediary Sales/Wealth Management
T: +1 212 632 3292
E: mcho@martincurrie.com
Breanna Ellsworth, CFA®
Client Portfolio Manager, Distribution - US
T: +1 212 632 3293
E: bellsworth@martincurrie.com
Drew Comatos
Client Portfolio Manager, North America
Intermediary Sales/Wealth Management
T: +1 203 703 6472
E: dcomatos@martincurrie.com
Contact Us
Please visit our contact page or speak to a member of our sales team, to discuss the most appropriate investment to meet your requirements and for more information on our investment capabilities.
Ross Kent
Investment Client Portfolio Manager
T: +61 (0)3 9017 8629
M: +61 (0)455 253 384
E: rkent@martincurrie.com.au
Felicity Walsh
Managing Director, Australia and New Zealand
M: +61 (0) 429 209 566
E: Felicity.Walsh@franklintempleton.com
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- Date published
- 4 May 2022
- Tag
- Global Emerging Markets
Important information
This information is issued and approved by Martin Currie Investment Management Limited (‘MCIM’), authorised and regulated by the Financial Conduct Authority. It does not constitute investment advice. Market and currency movements may cause the capital value of shares, and the income from them, to fall as well as rise and you may get back less than you invested.
The information contained in this document has been compiled with considerable care to ensure its accuracy. However, no representation or warranty, express or implied, is made to its accuracy or completeness. Martin Currie has procured any research or analysis contained in this document for its own use. It is provided to you only incidentally and any opinions expressed are subject to change without notice.
The document does not form the basis of, nor should it be relied upon in connection with, any subsequent contract or agreement. It does not constitute, and may not be used for the purpose of, an offer or invitation to subscribe for or otherwise acquire shares in any of the products mentioned.
Past performance is not a guide to future returns.
The distribution of specific products is restricted in certain jurisdictions, investors should be aware of these restrictions before requesting further specific information.
The views expressed are opinions of the portfolio managers as of the date of this document and are subject to change based on market and other conditions and may differ from other portfolio managers or of the firm as a whole. These opinions are not intended to be a forecast of future events, research, a guarantee of future results or investment advice.
The analysis of Environmental, Social and Governance (ESG) factors forms an important part of the investment process and helps inform investment decisions. The strategy/ies do not necessarily target particular sustainability outcomes.
Risk warnings – Investors should also be aware of the following risk factors which may be applicable to the strategy shown in this document.
- Investing in foreign markets introduces a risk where adverse movements in currency exchange rates could result in a decrease in the value of your investment. This strategy may hold a limited number of investments. If one of these investments falls in value this can have a greater impact on the strategy’s value than if it held a larger number of investments.
- Smaller companies may be riskier and their shares may be less liquid than larger companies, meaning that their share price may be more volatile.
- Emerging markets or less developed countries may face more political, economic or structural challenges than developed countries. Accordingly, investment in emerging markets is generally characterised by higher levels of risk than investment in fully developed markets.
- The strategy may invest in derivatives, Index futures and FX forwards to obtain, increase or reduce exposure to underlying assets.
- Some of the strategies mentioned may invest in derivatives (LEPWs (Low Exercise Price Options), Index options, Index futures and FX forwards) to obtain, increase or reduce exposure to underlying assets. The use of derivatives may result in greater fluctuations of returns due to the value of the derivative not moving in line with the underlying asset. Certain types of derivatives can be difficult to purchase or sell in certain market conditions.