Best Fund Provider Asia Equity
J.P. Morgan Asset Management
Best Fund Provider – Asia Equity
Joanna Kwok
managing director, co-manager of JPMorgan Asia Growth Fund, EMAP equities, J.P. Morgan Asset Management
Mark Davids
managing director, co-manager of JPMorgan Asia Growth Fund, EMAP equities, J.P. Morgan Asset Management
“J.P. Morgan Asset Management’s Asia Equity Team is honoured to receive this award. We believe this is a recognition of our dedication to deliver superior long-term risk-adjusted returns for our private bank and wealth clients. It is also a true testament to the contribution of our broad network of investment professionals and commitment to fundamental research.
We seek to outperform by investing in high-quality businesses that can compound earnings over long periods. This effort is supported by insights from our experienced country specialists alongside the comprehensive research platform of our Emerging Markets and Asia Pacific Equities team. Our team of about 40 analysts* rigorously covers more than 800 stocks in Asia through a common and consistent approach. This allows for in-depth assessment qualitatively and quantitatively. The high-conviction ideas are expressed through a concentrated portfolio with quality growth characteristics.
Investors in search of growth increasingly look to Asia. Our Asia Growth Strategy is uniquely positioned to capture structural growth opportunities. With the next billion middle class consumers emerging in the coming decade — of which 90% expected in Asia — we see tremendous opportunities arising from lifestyle upgrades, growing wealth, and demographic change.”
Winners rationale
As the growth engine of the world, Asia has seen its share of the MSCI All Country Index triple from 5% to 16% over the past 20 years, due to both new issuance and outstanding performance. Yet, capturing that growth not only needs investors’ decisiveness to ride the tide, but also requires a robust stock selection and risk management capability, due to the high level of retail participation and inconsistent levels of corporate disclosure in the region.
In this peer group, few fund managers managed to showcase their extensive expertise as much or uncover the regional investment opportunities as well as J.P. Morgan Asset Management. Its flagship strategy for the region — Asia Growth Strategy — adopts a high conviction, concentrated, and all-cap approach in identifying stocks with sustainable growth characteristics. Indeed, the strategy outshone peers by achieving top quartile returns on year-to-date, one-, three-, and five- year bases. Compared to its benchmark, AMCI AC Asia ex-Japan net, it delivered both short and long term outperformance, demonstrating consistent excess returns in different market conditions.
Besides a robust fundamental research framework, J.P. Morgan made use of a proprietary quant tool, which enabled the team to examine the quality characteristics of as many as 1,000 stocks in the Asian equity market in a systematic manner.
A dedicated private banking service team significantly contributed to the firm’s success, especially in 2019 when negative inflows in equity markets were the theme of the industry. Through tight hand holding and superior client education, the fund still managed to bring noticeable positive inflows from its private banking clients in Asia, bucking the industry trend.
J.P. Morgan Asset Management’s professionalism, dedication, and outperformance make it the well-deserved winner of Asian Private Banker’s award for Best Fund Provider – Asia Equity.
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