Southeast Asia

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.