Asia Strategy
- The Asia Strategy is usually delivered via a portfolio of 35 to 75 companies, which should benefit from one or more of these characteristics:
- Supply goods in support of the export trade
- Capture the full return potential of manufacturing that increasingly involves automation and higher value-added goods
- Address the needs of a rising consumer class in Asia
- Benefit from China spending on infrastructure
- Companies considered for investment usually:
- Have strong secular growth characteristics
- Produce significant cash flow
- Earn high returns on capital
- Consider minority shareholders in managing the firm’s capital
- Trade at reasonable multiples of earnings and cash flow
- Have strong and reputable management
- Operate in areas where local governments have typically created a benign, rather than antagonistic, environment for business
- Compete as a leader within their industry and are positioned well for market share gains
Portfolio Manager: David Descalzi
Annual Fee of 1.5%