Dynamic Economies | World-Class Businesses | Attractive Valuations

Asia Pacific

Why Asia Pacific?

We invest across Asia Pacific because we are passionate about the region and believe it provides an unmatched opportunity set. From Japan and Korea which sit at the forefront of technological development, through the regional powerhouses China and India, to Vietnam and Indonesia where young populations are embarking on their own journeys towards economic prosperity; the region is a melting pot of cultures and countries at varying stages of economic development. Asia Pacific offers:

15 distinct markets home to 3.7bn people, 55% of the global middle class and expected to contribute 60% of global GDP growth over the next decade

Powerful macro

7,000+ companies, well-educated and innovative management teams, with world-leading expertise

Exciting micro

Well-capitalised corporate balance sheets allow management to reinvest to support growth, but valuations remain attractive

Attractive fundamentals

Despite compelling macro, micro and fundamental backdrop, Asia Pacific is significantly under-represented in global investment portfolios

Overlooked opportunity

One region. One philosophy. One product.

Co-invest with Masou in Asia Pacific – our clients benefit from our:

Experience

Investing through a number of cycles in Asia Pacific has given us an extensive knowledge of:

  • Companies, their assets and operations
  • Competitive backdrop and supply side dynamics
  • Management teams and company decision makers
  • Regulatory and policy environments
  • Prior failings and skeletons lurking in the closet
Philosophy

Bottom-up, contrarian investment philosophy that helps us identify regional inefficiencies:

  • High quality businesses where fundamentals are cyclically suppressed
  • Out-of-favour industries where supply side dynamics are improving
  • All-cap opportunities missed by benchmark-aware peers
  • Under-appreciated owner-managed businesses
Approach

Investment approach tailored to Asia Pacific:

  • On-the-ground presence facilitates better interactions with and understanding of companies
  • Longer term horizon aligns with structural growth opportunities
  • Financial rigour and emphasis on balance sheet and cashflow analysis provide downside protection
  • Diversified portfolio reduces idiosyncratic risk