Die besten Asia Pacific ex Japan Aktienfonds! - Seite 2

A lot of the rest of the region relies on Chinese growth. Australia is certainly in this camp. However, we are more constructive on Australia than most. Government debt to GDP is low, the current account deficit is shrinking, demographics are supportive and the domestic economy is relatively resilient (inflation under control and room to cut rates). On top of this, we think the boom that LNG exports will create from 2014 onwards is underestimated, and will also lead to a strong AUD for longer.
Within ASEAN there are pockets of interest which can disconnect from the wider region. Indonesia, the 3rd most populous country in the world, will be one of the best performing economies over the next decade, but has perhaps run a little to hard recently. The Philippines too are very attractive. Malaysia and Singapore offer a more developed alternative, and accordingly are more linked in to the global economy. In time we think Burma could be an exciting country, but this is many years away."

Manish Modi, Portfolio Manager, "UBS (Lux) Eq Fd - Asia Opportunity (USD) P-acc" (13.02.2012): "We are focused on stock selection. We favour companies with differentiated competitive strengths which can deliver robust returns on capital over the cycle. We look for companies that are attractively valued from a mid-long term perspective. Our continuous endeavour is to find stocks that are mis-priced in the market."

e-fundresearch: "Which are the most important elements in your investment process?"

Caroline Keen, alternate manager, "Newton Asian Income GBP Inc" (14.02.2012): "First and foremost it is the people who are the most important aspect of our investment process. Not only do we have first class access to information at Newton, but we also have a vast amount of accumulated knowledge collectively, thanks to the years of experience of the team. As well as the four of us on the Asia desk, we have a vast number of equity analysts who specialise in their sector, on a global basis. This gives them both a global perspective, and specialised knowledge on the stocks they cover. This means we have a first class ability to analyse the information available to us, and therefore ensure that the best investment ideas make it into the portfolio. In addition, at Newton we invest thematically. Our investment themes represent the changes we see occurring in the world, and focus our minds towards the most interesting and relevant investment ideas."