Veteran Asia and China fund manager Man Wing Chung’s Value Partners Asia ex-Japan Equity Fund has reached its third anniversary having delivered a 60.7 per cent return over the period.
The performance has been recognised with a five-star Morningstar Rating, with MAN WING awarded a AAA Citywire Rating.
As lead manager on the strategy, Man Wing has generated alpha by using his Asia expertise to seek out attractive valuations and the potential for growth in companies across the region. The wide-ranging mandate has seen portfolio exposure to offshore China, Taiwan, Korea, Hong Kong, India, Singapore, Indonesia, and Thailand.
The Fund targets best-in-class companies in “growth-like” areas of the market, such as information technology and communications, as well as more traditional sectors such as industrials and manufacturing, which are benefitting from the recovery and re-opening of the global economy in the wake of the Covid pandemic.
Chung says: “We are seeing a number of players with strong growth prospects in the region leading globally. Some sectors in the region also continue to benefit from the “demographic dividend”, in which areas such as consumption remain underpenetrated and still exhibit plenty of growth potential. That is why from a long-term investor’s point of view, the Asia ex-Japan market remains full of opportunities across different segments of the market.
“We employ an “All Market, All Capitalisation, All Style” approach, as we believe better risk-adjusted returns can be generated not by betting on the basis of geography, capitalisation or style, but by really focusing on the underlying corporate fundamentals to identify good stocks in this huge market.”
Hendrik von Ripperda-Cosyn, Managing Director, European Business at Value Partners, adds: “The ratings recognition on qualitative factors of the Fund and Man Wing illustrate that not only have investors benefitted from exposure to an exciting asset class, but that Value Partners has provided excellent skill in delivering risk-adjusted return. It is important to note that while we are pleased at the three-year returns provided, we harbour a long-term view of the Asia ex-Japan region and the ongoing investment opportunities.”
