China Strategy

This strategy is managed by Chris Vale and Helena Coles, who have worked together for more than 11 years and covered Hong Kong and the Chinese markets from Hong Kong for several years. They are supported by two Chinese analysts, Zhixin Shu and Saiyi He, both Chinese nationals with considerable investment experience. This is currently a synthetically managed strategy.

We belive China offers an excellent long-term growth opportunity. Despite the greater attention given to China in recent years, the market remains inefficient and there are opportunities for active managers to add value through fundamental research. We take a three-year view and focus on stock-picking, though we do use economic and political analysis to constrain the size of our positions.

• We aim to outperform in all market conditions.
• Our bottom-up approach emphasises finding “growth at a reasonable price”.
• A concentrated strategy allows managers to take positions that can make a meaningful contribution to performance.
• The strategy remains diversified at a sector level.