The fund targets Emerging Asia where it sees the biggest growth potential. The fund is benchmark aware, but they are happy to go away from it. They currently have three positions in Vietnam. They have trimmed back India where they still think positively on the long-term outlook but feel it is expensive.
The fund is skewed towards large cap as they are concerned about liquidity issues especially in smaller economies and companies. They like financials especially private banks. They are positive about China and believe the stimulus has been positive, although there will be a lag before the benefits come through….read more