The art of going against the grain

In our latest video insight, Jonathan Pines, the Asia ex-Japan fund’s Lead Portfolio Manager outlines how a value-led contrarian approach has helped the fund establish itself as among the best performing in its asset class over the last decade despite a hostile macro environment.

“Our performance is a surprise if you look at it one way because we’ve been in all the wrong parts of the market,” admits Pines. “It all comes down to bottom-up stock picking.”