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HSBC GIF Asia ex-Japan Equity

Our Asia ex Japan equity team employs a clear philosophy with a disciplined and repeatable process to generate alpha in the medium to long term by exploiting shorter term market inefficiencies.

For more information on the HSBC GIF Asia Ex-Japan strategy, contact us.

Our philosophy  

We believe there is a well-established relationship between profitability and valuation, and excess volatility in equity markets creates potential investment opportunities.
  • Markets revert to a measure of “relative intrinsic value” over time, hence we are patient investors with a strict valuation discipline and longer-term investment horizon
  • We believe that focusing overweight positions in profitable companies at attractive valuations will enhance returns

Our process

Our process is focused on fundamental research within a proven valuation framework.
  • We rank stocks in MSCI AC Asia ex Japan universe according to a combination of valuation and profitability
  • We focus on top ranked outliers and analyse their fundamentals, then construct our portfolio through bottom-up implementation of stock ideas
  • Continuous monitoring/reassessment of risk at the stock and portfolio level

HSBC strengths

We have an experienced Asian equity team with strong track record, and employ a clear philosophy with disciplined and repeatable process.
  • Teams across four locations in Asia with over 60 analysts and portfolio managers as well as support from BRIC/GEM team in London
  • Universal access to Visualiser, our proprietary stock screening and portfolio construction tool
  • Continuous monitoring of risk at stock and portfolio level, with a robust compliance framework and internal controls/audit
  • Benefiting from the goodwill and strong relationships that come with being a part of the HSBC Group

What are the risks?

The value of investments and any income from them can go down as well as up and investors may not get back the amount originally invested.

  • Where overseas investments are held the rate of currency exchange may also cause the value of such investments to fluctuate.
  • Investments in emerging markets are by their nature higher risk and potentially more volatile than those inherent in some established markets.