Strategy Overview

The investment approach adopted by Eastspring Singapore results in a global emerging market equity portfolio that is high conviction; a best ideas portfolio that is benchmark aware but not benchmark driven.

This all cap value strategy focuses on finding contrarian value opportunities. Premised on the belief that systemic behavioural biases drive mispricing, true underlying value is not always reflected in price. Exploiting these biases requires emotional detachment, rigorous analysis and discipline over a longer-term horizon as well as an unwavering focus on through cycle normalised earnings.

The team’s investment edge lies in having a disciplined investment process targeting valuation outliers with a longer-term focus on through cycle normalised earnings. Its structure, as sector/country generalists, optimises rigorous debate and challenge and mitigate biases. Consensus team decision making improves conviction, minimises key-man risk and shares accountability for outcomes.

Portfolio construction and implementation are separate disciplines and sources of alpha. Only the highest return and conviction names make it into the strategy’s portfolio. The result is a benchmark aware, not constrained, portfolio to maximise alpha and manage unintended risk.