The fund seeks capital appreciation in the long term by investing in companies that invest in securities of Hong Kong, Taiwanese, and Chinese issuers and other investments that are tied economically to the China region.
The sub-adviser’s investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.
Next, the research team looks to Invest up to 35% of the fund’s net assets in any industry that accounts for more than 20% of the Hong Kong, Taiwanese, and Chinese market.
The team focuses on growth companies trading at reasonable prices.
In addition, the team considers companies that are estimated to trade below their fair values due to macroeconomic trends and/or experiencing financial recovery with attractive risk-reward.
Also, the team prefers well-positioned companies with high and sustainable rates of organic growth.
The team favors companies with balance sheet strength and reasonable valuation relative to growth potential.
Additionally, the team evaluates a company’s financial condition and industry position, as well as market and economic conditions.
Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level.
The manager allocates investments across different China region countries.
The fund seeks capital appreciation in the long term by investing in companies located or operating in Greater China.
The sub-adviser’s investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.
The investment team considers the Greater China region to include mainland China, Hong Kong, Macau and Taiwan.
Next, the research team emphasizes companies and other entities having their registered office in Greater China, or companies and other entities located outside Greater China carrying out their business activities principally in Greater China, or holding companies, the interests of which are principally invested in subsidiary companies with a registered office in Greater China.
Then the team focuses on undervalued companies exhibiting durable leadership positions and competitive advantages.
In the security selection process, the team considers factors such as valuation, management/franchise value determination, and earnings growth.
Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level.
Additionally, the fund invests in China A-shares.
The fund invests across all market capitalizations, but may hold a significant amount of its net assets in the securities of small- and mid-capitalization issuers.
The fund may invest up to 100% of its net assets in foreign securities, including securities of issuers located in emerging markets countries.
The fund seeks capital appreciation in the long term by investing in small-size companies located in China.
The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.
According to the investment team, China includes its administrative and other districts, such as Hong Kong.
The investment team believes a company is considered to be located in a country or a region, if it is organized under the laws of that country or any country in that region, or it derives at least 50% of its revenues or profits from goods produced or sold, investments made, or services performed, or has at least 50% of its assets located, within that country or region.
Then the research team reviews a company’s balance sheet, employee strength, consistency of cash flow, management’s capability, adaptability and integrity, product lines, marketing strategies, corporate governance, and financial health.
Next, the team based on these factors looks for smaller companies demonstrating durable growth.
Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level.
The fund may also invest in depositary receipts, including American, European and Global Depositary Receipts.
The fund seeks long-term capital appreciation by investing in companies in China.
The fund operates on a belief that investors are slow in processing new information and this persistent lag in investor’s response in recognizing positive catalyst change leads to market inefficiency.
The investment process starts with a list of companies with market capitalization above $200 million. The research team then using systematic principles and fundamental analysis identifies a list of companies with attractive long-term above-average earnings growth.
Next, the team using qualitative analysis and industry research narrows the list to include companies with market leadership, competent management, and long research and development pipeline.
Then, the team using disciplined approach screens daily the list of companies for positive earnings surprises and weekly for positive earnings revisions. In addition, the team evaluates the sustainability of earnings change and scalability of business model for the potential to generate rising profit margin as the revenue accelerates.
The fund favors companies undergoing positive change and prefers to invest in companies with underappreciated earnings power. The dynamic investment process leads to high portfolio turnover and the fund allocates capital based on conviction to between 50 and 80 stocks.
