fund selector asia investment morning briefing hong kong

Thursday, 24 October 2019Island Shangri-La

Event programme

INVESTMENT MORNING BRIEFINGHONG KONG

FUND SELECTOR ASIA

WELCOME #Firstforevents@FundAsia

SPONSORS

Welcome to the Fund Selector Asia Investment Morning Briefing Hong Kong. We are very pleased to have you with us.We are pleased to be in Hong Kong today with so many leading fund selectors and asset allocators to host Fund Selector Asia’s annual Investment Morning Briefing. Thank you for joining us.

The only thing I can foresee with any certainty is continued uncertainty. Nobody knows how long or deep the inevitable economic downturn will be, nor the extent of its impact on markets. What we can all be confident about, however, is that the widespread economic and geopolitical risks, rising populism, changing demographics and increasing protectionism seem likely to be here for the time being.

Yet there is always reason for optimism. From trade wars and Brexit to social unrest and climate issues, we can still identify opportunities to adapt and refocus investment strategies and portfolios.

As we approach the end of a year that many investors will want to see the back of, practical ideas across themes such as multi-asset, sustainability and China are welcome.

This is what our speakers will cover today. They have been selected because they have a clear idea of how to navigate this volatile investment landscape. They will share insights into the asset classes and strategies they believe offer the potential to perform.

Today’s session is designed to answer your questions and give you a new way to consider approaching the market. We hope it will be educational, interactive and focused, so we invite you to join in with questions to drive a lively debate, as well as share your thoughts via our poll questions. Please also make the most of the chance to network with your peers.

We welcome your feedback. Have a great morning.

Andrew Crooke

Andrew is a business journalist and editor for 18 years, he has far-reaching experience across the financial services industry. For the past 15 years, he has run online content, publications, events and bespoke projects across Asia Pacific & the Middle East - both for large publishing houses as well as family-run, entrepreneurial firms.Andrew has also written two books in recent years focused on the private banking and wealth management sector - "How to Prosper in the New World of Asian Wealth Management: A Best Practice Guide", and "Winning Relationships in Asian Wealth Management".

Andrew CrookeContributing editor, AsiaLast Word

PROGRAMME

08.30 - 09.00 Registration and coffee Island Ballroom C foyer, Level 5

09.20 - 09.45

09.05 - 09.15 Chairman’s welcome | Andrew Crooke, contributing editor, Asia, Last Word Island Ballroom C, Level 5

10.50 - 11.15 Panel discussion with speakers

10.20 - 10.45

SESSION 1How to deliver a sustainable multi asset solution Tommaso Mancuso, head of multi assetHermes Investment Management

SESSION 3Using fixed income ETFs in portfolio constructionAndy Ng, product specialistVanguard Investments Hong Kong Limited

11.20 - 12.30 Networking lunch Taishan Room, Level 5

09.50 - 10.15

SESSION 22020 & beyond: From 'made in China' to 'made for China'Marco Li, portfolio manager, TT China Focus Equities TT International

Island Ballroom C, Level 5




Hermes Investment Management provides active investment strategies and stewardship. Their goal is to help people invest better, retire better and create a better society for all. They offer public and private market solutions across equity, fixed income, real estate and alternatives for a global clientele of institutional and wholesale investors. However, they believe that their duty extends beyond achieving clients’ financial outcomes: they must act as stewards of the investments they manage and advise. In 2004 we established Hermes Equity Ownership Services (Hermes EOS), which is now one of the largest stewardship teams in the industry.

Tommaso MancusoHead of multi asset

Tommaso joined Hermes in 2008 and formed the multi asset team in 2014. The multi asset team manages three strategies for which Tommaso is the portfolio manager: a global tactical asset allocation strategy, a multi asset ESG strategy which combine ESG-integrated active stock & bond picking with dynamic asset allocation, and a diversified absolute return strategy with embedded inflation hedge.

Tommaso will be presenting:How to deliver a sustainable multi asset solution

A practical approach to delivering an ESG-integrated multi asset solution for your clients across multiple growth and inflation scenarios.

09.20 – 09.45, Island Ballroom C, Level 5

Hermes Investment Management

Sales contacts

Lin ChewDirector, business development, Asia Pacific

+65 6850 [email protected]

Jakob NilssonExecutive director, head of business development, Asia Pacific


Top 5 holdings with maturity and weighting*

Multi Asset ESG current exposure*

Fund Profile

This is a dynamic and active ESG-integrated balanced fund.The asset allocaion is top down and based on complementary asset allocation models. The asset selection is bottom up and based on an ESG-integrated investment process. It is enhanced by a dedicated corporate engagement team.

* As of 26 September 2019

Holding Weighting1 Investment Grade Debt 21.0%2 US Govies 8.0%3 Financials Sector 7.0%4 IT Sector 7.0%5 HealthCare Sector 6.0%

Equity Sectors IG Debt

4.4% EM Equity

Govies

47.0% 21.5% 20.0%

Hermes Multi Asset ESG Fund

Domicile: United Kingdom

3.3% EM Debt

3.6% HY Debt

COMPANY PROFILES

Sales contacts

Jason HillClient relations & sales, distribution


TT International is a specialist asset manager devoted solely to managing high-conviction, concentrated active investment portfolios. With over 30 years' experience, TT now manages many billions of dollars across long-only equity mandates (notably Global high-quality ACWI, GEM, Asia ex Japan, China Focus) and hedge funds for a diverse range of sophisticated investors across the world, including prominent asian sovereign wealth funds.

Everything TT does aims to produce attractive risk-adjusted returns for investors. A strong alignment of interests is achieved through both portfolio managers and employees of the firm investing their own assets alongside those of clients. To help ensure consistent alpha generation is achievable, the firm imposes capacity constraints across all strategies and success is measured by alpha generation rather than asset gathering.

Marco LiPortfolio manager, TT China Focus Equities

Marco is the lead portfolio manager for the TT China Focus Fund and senior analyst for the TT Global Emerging Markets and Asia ex Japan equity funds. Before joining TT in 2013, he was in the asian equity team at Manulife Asset Management. Marco graduated with a BBA from Wilfrid Laurier University and is also a CFA charterholder.

Marco will be presenting:2020 & beyond: From 'made in China' to 'made for China'

China’s economy is rapidly evolving from a high-speed growth model to a high quality-of-growth model. Despite a plethora of global macro uncertainties (Brexit, US-China relations, climate change, US political cycle) many exciting opportunities exist as China becomes the world’s largest consumer.

09.50 - 10.15, Island Ballroom C, Level 5

TT International


Fund exposure*

Fund Profile

TT's China Focus Strategy is a long-only, all cap equity approach targeting +3% p.a. over the MSCI China Index, investing in a concentrated portfolio of 30-35 A- & H-shares and Chinese ADRs. It is constructed with a focus on fundamental stock analysis within an integrated top-down framework.

* As of 30 September 2019* Strategy assets include a recently won mandate which is soon to be funded.

Holding Weighting1 Tencent 9.60%2 Alibaba 9.38%3 Ping An Insurance 6.11%4 Ping An Bank 5.54%5 CNOOC 4.83%

TT China Focus Fund

Strategy size: $105m* Domicile: Dublin, Ireland

H-Shares ADRs A-Shares

4% Cash

53% 26% 17%

Sales contacts

Vanessa LeeAssistant director, Hong Kong


Linda LukManaging director, head of distribution, Hong Kong


Vanguard is one of the world's largest asset managers, offering a diverse range of low-cost, high quality mutual funds, ETFs, advice and related services. Our mission is the same as it is everywhere: To take a stand for all investors, to treat them fairly, and to give them the best chance for investment success.

Andy NgProduct specialist

Andy is the product specialist responsible for Vanguard's fixed income investment strategy and product support.He brings over 10 years of experience in asset management. Before joining Vanguard, he was a Portfolio manager, multi asset solutions at JP Morgan Asset Management. Prior to that, he assumed various roles in middle and back office functions at JP Morgan Asset Management, Blackrock and HSBC.

Andy will be presenting:Using fixed income ETFs in portfolio construction

Finding income opportunities at low cost in today’s low-yield world has become more of a challenge for investors. In this presentation, Andy will address some key strategies using bond ETFs that investors may consider on credits and rates.

10.20 - 10.45, Island Ballroom C, Level 5

Vanguard Investments Hong Kong Limited


Market allocation*

Fund Profile

The fund provides exposure to a broad basket of fixed-rate, US dollar (USD)-denominated investment-grade corporate bonds. These are high-quality bonds, issued by a wide range of companies from around the world in USD with a time to maturity between one and three years.

* As of 30 September 2019

1 Australia 2.4%, China 2.4%, France 2.0% Switzerland 2.0%, Netherlands 1.8%

Vanguard USD Corporate 1-3 Year Bond UCITS ETF (VDUC)

Strategy size: $133m* Domicile: Ireland

United States United Kingdom

Others1

3.9% Japan 2.9% Germany3.3% Canada

Holding Weighting1 GE Capital International 2.34% 15 Nov 2020 0.40%

2 Dell International Corp 4.42% 15 Jun 2021 0.32%

3 Wells Fargo & Co. 2.63% 22 Jul 2022 0.30%

4 JPMorgan Chase & Co. 4.50% 24 Jan 2022 0.27%

5 HSBC Holdings plc 3.40% 8 Mar 2021 0.27%

64.5% 5.7% 10.6%

ABOUT LAST WORD

Fund Selector Asia is aimed at fund selectors, fund analysts, fund influencers, wealth management heads, investment councillors, heads of sales and client-facing wealth advisers across the banking, insurance, fund of fund and family office communities in English-speaking Asia. Its audience relies on Fund Selector Asia for its regular coverage on asset allocation, portfolio construction and fund selection.

ESGclarity.com is an editorially led site for fund selectors globally who incorporate ESG thinking into their workflow. It is built as a platform to share knowledge and aid fund investors to evaluate asset managers’ ESG maturity. The site gives access the latest industry news, analysis, opinion, data and content from our journalists, fund management groups, academics and ESG savvy fund selectors. Its target audience is wholesale investors (fund selectors, private bankers, wealth managers, investment advisers, retail bank distributors) but also serves large institutional asset owners, in the UK, Europe, Middle East, Southern Africa and Asia.

FSME was launched in '18 as a sister publication and brand to Fund Selector Asia. The new brand focusses on the Middle Eastern region of the world and serves sophisticated fund decision makers and influences across the Gulf Cooperation Council. As banks in the region embrace wealth management and build advisory and discretionary platforms, FSME will help with informing and educating decision makers. FSME currently runs forums, roundtables and awards and will begin full scale publishing in due course.

Expert Investor is aimed at an exclusive group of fund selectors, institutional investors and high net-worth advisers from across continental Europe, providing expert analysis and insight. Its audience relies on Expert Investor for analysis on European fund-flow data, fund manager predictions on the full asset class mix, country-specific and industry trends, and in-depth interviews with market-leading investors and product manufacturers.

Megatrends is a brand developed by Last Word to contextualise the biggest trends affecting our world today and the stunning investment opportunities they encompass. Last Word believes that six trends: Shifting power West to East, Healthcare & Demographics, Sustainability & Diversity, Technology, Globalisation and Urbanisation & Infrastructure will dominate for the next generation. The brand, uniquely, encompasses three identical, keynote-driven forums across the world: Singapore, London and Zurich and a special website to explore the themes in detail. The website will include thought leadership and sophisticated content from Last Word and our partners as we help investors embrace this opportunity.

Portfolio Adviser is the leading brand for wealth managers, discretionary portfolio managers, private bankers and advisers specialising in investments across the UK and Channel Islands. Its audience relies on Portfolio Adviser for regular news and analysis on asset allocation, fund selection, portfolio construction, the latest investment ideas and best practice, product launches, macroeconomic views and industry strategic developments.

International Adviser is the leading brand serving the global intermediary market that uses cross-border insurance, investment, banking and pension products on behalf of their high net-worth clients. Its audience relies on International Adviser for news and analysis on the blue chips of the offshore world and profiles of fund selectors, tax and regulation developments, product launches and investment trends.

www.expertinvestoreurope.com

www.fundselectorasia.com

www.international-adviser.com

www.portfolio-adviser.com

Last Word is an independent financial media solutions provider headquartered in London, with offices in Singapore and Hong Kong. Since it launched in '05, Last Word has been the final say for first-to-market news, analysis and comment across the global wealth management sector. Invaluable insight, intelligent and inspirational content is delivered to our sophisticated markets across multi-channel platforms – print, digital, research, data and events. With its unrivalled brand reputation and bespoke content, Last Word is the first choice for wealth managers, financial advisers, fund selectors, discretionary managers, distributors and intermediaries across the globe, helping them forge the right connections and make better informed business decisions with confidence.

www.esgclarity.com

LAST WORD ASIA TEAM

Our forumsAcross all of our brands, we run a programme of more than 80 forums that bring together leading product manufacturers, distributors and investors in the UK, Europe, Asia, Africa and Latin America. At Last Word, we believe the only way for the wealth management industry to evolve is through robust discussion and debate by market participants, and we are proud to facilitate these discussions in more than 20 countries around the world.

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Tom PorterManaging director, GBD+65 6692 [email protected]

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fund selector asia investment morning briefing hong kong

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