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Overview
The strategy seeks to 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.
Key Information
Portfolio characteristics | Southeast Asia |
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Objective | Long-Term Growth |
Asset Class | Equities |
Style | Core |
Investable Universe | Asia |
Benchmark | MSCI 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.
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"To minimise value destruction resulting from poor corporate capital allocation decisions, we pay close attention to the governance profile of a company."
Andrew Graham, Head of Asia
Why Invest in Global Emerging Markets
Concentrated
Our concentrated portfolio means that each and every one of our 20-40 holdings makes an impact.
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
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.

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
Related Insights
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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.
- 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 assets. Certain types of derivatives can be difficult to purchase or sell in certain market conditions.