Fund Manager Q&A: Allianz Total Return Asian Equity
Fund facts:
- Focused Asia ex Japan equity portfolio of high conviction ideas, portfolio holding around 40 stocks.
- Unconstrained strategy investing only in stocks with strong conviction. High exposure (typically 30-40%) to mid and small cap companies which offer strong growth potential at reasonable valuations.
- Has significant exposure to Asia’s increasingly affluent ‘new consumers’ which Yuming believes will be the key driving force in Asian equity markets in coming years.
Q&A:
What is the underlying strategy of the fund?
The fund is a long-only, bottom-up stock picking fund focused on Asia ex-Japan’s equity markets. There are 3 key elements:
a) The fund is unconstrained. By that we mean we only invest in companies that meet our investment criteria, irrespective of the benchmark weighting. If we don’t like the largest index stocks we won’t own them.
b) The fun