The Yuanta Emerging Asia Fund seeks long-term capital appreciation and stable income and, over its 10-year history, has, for the most part, consistently outperformed.

The fund has a well-established investment process to achieve superior risk-adjusted returns, combining bottom-up fundamental stock selection with portfolio construction led by quantitative modeling.

The Manager’s broad investment theme is companies that can benefit from the growth in Asian emerging markets with a geographic spread across Malaysia, Thailand, the Philippines, Vietnam, China, and Hong Kong. The portfolio is well-diversified with between 105-119 holdings and has been actively traded with an average turnover more significant than 81% in the past three years. Research resources perhaps appear somewhat stretched, with each analyst covering more than 130 stocks.

According to cited examples, performance was robust through the COVID-19 reversal in early 2020 due to active portfolio management. We would like to see greater disclosure in terms of voting behavior and overall corporate governance. ESG is currently not considered in the investment process, although it is intended to be introduced in the next twelve months.

This fund has been reviewed by three industry veterans of the Benchmark judging committee.