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ASIA EX-JAPAN EQUITY

Aiming to achieve long-term capital appreciation by investing in companies in or deriving substantial revenues from emerging countries in Asia.

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Our biggest positions are in companies we believe are least likely to lose money in absolute terms.

Jonathan Pines

Portfolio Manager

Asymetric payoff

Our larger positions tend to be those with a lower potential loss, meaning we aim to outperform in falling markets.

Price

We focus on buying stocks that are attractively priced, an approach we consider suitable to most market conditions.

Contrarian

As contrarian investors, often the stocks we buy are attractively priced because of negative news or underperfomance.

Track Record

We rank among the best performing Asian equity strategies, but differ significantly from our peers.1

Investment approach

Wheat from the chaff: we screen extensively to identify stocks priced attractively relative to their quality. Price to book and the five-year average return on assets are particularly important as we identify a stock’s divergence from its long-term fair value.

Financial statement analysis: we scrutinise company statements, then analyse the company in depth and speak with management.

Taking position: the size of our position is informed by our risk assessment. We manage risk at the stock and portfolio level. Typical holding periods are 12 to 18 months.

  1. 1Since inception the Hermes Asia ex Japan Strategy has ranked in the top decile in the Mercer - Asia ex Japan Equity Peer Group. As at 30 September 2018. The inception date of the strategy is 1 January 2010. Past performance is not a reliable indicator of future results and targets are not guaranteed.

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Sales Contacts

Michael Kalenberg,
Director - Business Development, Institutional, Switzerland
Ksenia Kelly,
Director - Business Development, Financial Institutions, Switzerland