Citywire Euro Stars Top Manager 2017

The Asia Pacific ex Japan Equity strategy aims to outperform its benchmark, MSCI All Countries Asia ex Japan Index, by at least 3% per annum over a three-year rolling period. It targets high returns and long term capital growth by investing in a portfolio of primarily equity and equity-related securities traded in Asia Pacific markets, excluding Japan.


Asia Equity Strategy

The Asia Pacific ex Japan Equity strategy targets strong excess returns through fundamental bottom-up stock selection, within an integrated top-down macro framework.

TT believes that market inefficiencies exist at both the country and stock level. We believe that by carrying out in-depth bottom-up fundamental analysis on stocks, together with detailed top-down economic and sector comparisons, we can identify and exploit these inefficiencies wherever they arise.  However, our main source of alpha generation has been and should remain bottom-up fundamental stock selection. We believe that the best returns are achieved by investing in leading Asia Pacific companies, operated by honest and competent management in industries that are structurally attractive. We retain a strong valuation focus with a belief in intrinsic value.

Portfolio construction is the synthesis of idea generation, conviction and risk management. The strategy will typically hold between 50 and 60 stocks, with an active share of typically 75-85%.

The following aspects of our investment process provide an edge and set the TT proposition apart from the competition:

  • Top-down and bottom-up linkage. The process utilises a combination of top-down and bottom-up analysis. This linkage allows top-down factors to guide the team as to where to focus their resources to find attractively valued growth stocks.  
  • Throughout our rigorous bottom-up analysis, we focus on companies with superior growth, strong free cash flow, and solid balance sheets that are less likely to be vulnerable to swings in foreign investor sentiment and lending conditions.
  • Catalyst. We require the identification of a catalyst for all stocks in the portfolio. It is insufficient to merely find an undervalued stock. We must have identified a catalyst that should result in value being crystallised within the investment horizon of 6-18 months. 

Read more

Get in touch

Call us on +44 20 7509 1000, email , or sign up below to receive regular investment updates and insight about products that interest you.

Sign up now