We employ a bottom-up, research-driven approach focused on identifying long-term sustainable earnings power at a discount to intrinsic value. Market and sector weightings are a result of our bottom-up stock selection process, and we always seek to ensure the portfolio is appropriately diversified. Our portfolio construction process aims to build a research-driven, high-conviction portfolio primarily powered by company-specific factors and focused on the long term.
In addition, we focus on being responsible and practising effective stewardship. Stewardship is not just about making responsible investment choices. It also involves engaging with investee companies and other key stakeholders who can help us solve corporate governance problems, as well as the pressing social and environmental challenges of our time.
Three emerging Asian markets to invest in
Tencent Holdings
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Tencent Holdings (Hong Kong: 700) is the largest gaming, entertainment and communication platform in China. It is a major player in online games; non-gaming value-added services, such as the provision of video, music and live-streaming; digital advertising, financial technology (fintech) and other businesses, such as cloud computing. The company is a key beneficiary of artificial intelligence (AI) across its businesses. Tencent has built its own ecosystem and has a strong relationship with its users via WeChat, one of China’s most popular apps. With more than 1.3 billion users worldwide, WeChat has been transformed from being an instant messaging app into becoming a platform that can enable everything from making payments and playing games to ordering food and booking flights. The company seems to have adjusted well to the changing regulatory environment and slowing Chinese economy and continues to deliver strong cash flows, albeit at a much slower pace of growth. Tencent has also made significant public and private investments in China and globally. Trading at attractive valuations, the company has been buying back shares, which further enhances earnings per share.
Doosan Bobcat
Doosan Bobcat (Seoul: 241560) is a South Korea-based compact-equipment and industrial-vehicle manufacturer. Its product range includes loaders, excavators, mowers, and forklifts. The owner of Bobcat, the leading compact equipment brand in the United States, Doosan Bobcat is a key beneficiary of growth in construction activity in the country. The company has been bolstering the competitiveness of existing products and adding new ones to its range, with a focus on innovation, including electrification, automation and connectivity. It receives about 25% of its revenues from demand for replacing machine parts and attachments. Large free cash-flow generation provides Doosan Bobcat with a buffer to withstand any volatility.
Samsung Life Insurance
Samsung Life Insurance (Seoul: 032830) is the largest life-insurance and leading health-insurance company in South Korea. Its strong brand recognition and leading market share in the insurance sector allows it to derive premium income from annual sales and customers’ renewals, resulting in a steady earnings stream. With ownership interests in other key Samsung Group companies, including Samsung Electronics and Samsung Fire & Marine Insurance, Samsung Life Insurance provides exposure to these companies at a discount to their market value. With the semiconductor cycle bottoming out, and expectations of a recovery this year driven by AI-induced demand, exposure to Samsung Electronics should also contribute to Samsung Life’s share-price performance. An improving dividend payout should further enhance shareholder value.
This article was first published in MoneyWeek's magazine. Enjoy exclusive early access to news, opinion and analysis from our team of financial experts with a MoneyWeek subscription.
-
‘Why I have ditched my Help to Buy ISA for cash savings and the stock market’Without the 25% bonus, my Help to Buy ISA is effectively redundant, says MoneyWeek writer Sam Walker.
-
Is your inheritance tax allowance cut if you sell to downsize or sell your home to pay for care?Downsizing relief is a little-known benefit that could save your loved ones tens of thousands of pounds in inheritance tax after you’ve died.
-
Stock markets have a mountain to climb: opt for resilience, growth and valueOpinion Julian Wheeler, partner and US equity specialist, Shard Capital, highlights three US stocks where he would put his money
-
The steady rise of stablecoinsInnovations in cryptocurrency have created stablecoins, a new form of money. Trump is an enthusiastic supporter, but its benefits are not yet clear
-
SRT Marine Systems: A leader in marine technologySRT Marine Systems is thriving and has a bulging order book, says Dr Michael Tubbs
-
Goodwin: A superlative British manufacturer to buy nowVeteran engineering group Goodwin has created a new profit engine. But following its tremendous run, can investors still afford the shares?
-
A change in leadership: Is US stock market exceptionalism over?US stocks trailed the rest of the world in 2025. Is this a sign that a long-overdue shift is underway?
-
A reckoning is coming for unnecessary investment trustsInvestment trusts that don’t use their structural advantages will find it increasingly hard to survive, says Rupert Hargreaves
-
Metals and AI power emerging marketsThis year’s big emerging market winners have tended to offer exposure to one of 2025’s two winning trends – AI-focused tech and the global metals rally
-
8 of the best houses for sale with beautiful fireplacesThe best houses for sale with beautiful fireplaces – from a 15th-century cottage in Kent to a 17th-century palazzo in Oxfordshire
