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Footnotes
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¹ United Nations, World Population Prospects, 2017.
² Third-party rankings and recognition from rating services or publications are no guarantee of future investment success. Working with a highly rated advisor does not ensure that a client or prospective client will experience a higher level of performance or results. These ratings should not be construed as an endorsement of the advisor by any client nor are they representative of any one client’s evaluation. Generally, ratings, rankings, and recognition are based on information prepared and submitted by the advisor, and are part of a process in which not all advisors elect to participate. A more detailed disclosure of the criteria used in making these rankings is included below. Awards, which have been given to PineBridge funds representative of the strategies, include: FundSuperMart Fund Picks 2016/2017. Asia Ex Japan Small and Medium Companies Equity category. Awarded to PineBridge Asia Ex Japan Small Cap Equity Fund Class A. Based on the actual returns over various periods of time – mainly one-year, two-year, three-year, and five-year performance as of 31 March 2016. For details of methodology, visit: http://www.fundsupermart.com.hk/hk/main/research/recommendedFundsResearch.tpl?
lang=en. Source: FundSuperMart, awarded in August 2016. BENCHMARK Fund of the Year Awards 2016, Hong Kong. Best-in-Class, Asia Ex Japan Small /Mid Cap Equity category, Top Mutual Funds, Professional Class. Awarded to PineBridge Asia Ex Japan Small Cap Equity Fund (Share Class Y). Based on one-year, three-year, and five-year return weighting for the period 1 October 2015 to 30 September 2016. Source: BENCHMARK. For details of methodology, visit: http://www.fundawards.asia/. Source: Benchmark, awarded in December 2016. Citywire Asia Awards 2017. Awarded to Elizabeth Soon, Portfolio Manager - Best Fund Manager in Equity, India category. Best Fund Manager Awards are derived by isolating the individuals with the highest risk-adjusted returns at a sector level over three years to 31 December 2016. For details of methodology, visit: http://citywireasia.com/news/coming-soon-citywire-best-group-and-best-fundmanager-awards-2017/a984408. Source: Citywire, awarded in February 2017.The PineBridge Asia Ex Japan Small Cap Equity Fund has been awarded the Thomson Reuters Lipper Fund Awards in the following countries: Best Fund Over 3 Years Equity Asia-Pacific Small and Mid Caps Category - Austria, Europe, Germany, Netherlands, Switzerland, and UK (2015); Best Fund Over 5 Years Equity Asia Pacific Small and Mid Caps Category - Europe and Germany (2015). The calculation of the awards is based on the performance one year prior to the year stated, as of 31 December 2015, comparison between the Fund Class A and its peers of the same category. For details of methodology, visit: lipperfundawards.com. Source: Lipper, awarded in 2015. The PineBridge Japan Small Cap Equity Fund (Share Class Y) was awarded by BENCHMARK Fund of the Year Awards 2017, Singapore. Based on Based on one-year, three-year, and five-year return weighting and 3-year Sortino Ratio for the period 1 October 2016 and 30 September 2017, comparison between the Fund Class Y and its peers of the same category). Source: Benchmark, awarded January 2018. The PineBridge India Equity Fund was awarded Top Mutual Fund Awards Professional Class, Best-In-Class in India Equity (The calculation of the award is based on performance between 1 October 2014 and 30 September 2016, comparison between the Fund Class Y and its peers of the same category) and House Awards, Best-In-Class in India Equity. For details of methodology, visit: www.fundasia.net. Source: Benchmark, awarded December 2016. Awards are for reference only. It is not indicative of the actual performance of the funds.
³ Global growth figure from the IMF Regional Economic Outlook, Asia Pacific, April 2018.
Infrastructure investment figure from Asian Development Bank, 2017. https://www.adb.org/publications/asia-infrastructure-needs
Megacities figure from Asian Development Bank, May 2015 https://www.adb.org/news/infographics/climate-change-resilience-asias-cities. Megacities are defined as cities with more than 10 million in population.
Population figure from the United Nations, 2017
Equity market capitalization figure from the World Federation of Exchanges, as of end 2017.
⁴ ADB forecast for the period 2016-2030. https://www.adb.org/publications/asia-infrastructure-needs
Source: MSCI, as of 30 April 2018.
Provides non-binding advisory services to PineBridge Investments Asia Limited.
https://www.investindia.gov.in/team-india-blogs/india-preparing-biggest-human-migration-planet; 2 Jan 2018.
The firm’s corporate headquarters are in New York City. London and Hong Kong are regional headquarters. Cape Town and Helsinki are branch offices and Dubai is a representative office of PineBridge Investments Europe Limited. Seoul is a branch office of PineBridge Investments Asia Limited.
Disclosures
Potential investors should consider the following key risks before investing in any of the Strategies mentioned:
Market Volatility Risk: All types of investments and all markets are subject to market volatility based on prevailing economic conditions. Price trends are determined mainly by financial market trends and by the economic development of the issuers, who are themselves affected by the overall situation of the global economy and by the economic and political conditions prevailing in each country. As securities may fluctuate in price, the value of your investment may go up and down.
Investment Loss Risk: Investments may decline in value and investors should be prepared to sustain a total loss of their investment.
FDI Risk: The prices of FDI can be highly volatile. In addition, the use of FDI also involves certain special risks depending on the type of FDI, including but not limited to correlation risk, counterparty credit risk, legal risk, settlement risk, margin risk, as well as other possible risks that may arise.
Equity Risk: The value of shares and securities related to shares may fall due to issuer related issues, financial market dynamics and world events including economic and political changes.
Country Selection Risk: A portfolio's performance is often derived from its allocations to certain countries. These allocations may present greater opportunities and potential for capital appreciation, but may subject the portfolio to higher risks of loss.
Emerging Market Risk: Emerging markets are typically smaller, less transparent and subject to evolving, less stable political and regulatory regimes.
All investments are subject to regional, industry, market, political, regulatory, competitive, business, financial, and other risks. The risk factors described should not be considered an exhaustive list of risks, which potential investors should consider before investing in the strategy. All investment decisions should be made based on an independent evaluation in consultation with financial and legal advisors.
PineBridge Investments is a group of international companies that provides investment advice and markets asset management products and services to clients around the world. PineBridge Investments is a registered trademark proprietary to PineBridge Investments IP Holding Company Limited.
For purposes of complying with the Global Investment Performance Standards (GIPS®), the firm is defined as PineBridge Investments Global. Under the firm definition for the purposes of GIPS, PineBridge Investments Global excludes some alternative asset groups and regional legal entities that may be represented in this presentation, such as the assets of PineBridge Investments.
Readership: This document is intended solely for the addressee(s) and may not be redistributed without the prior permission of PineBridge Investments. Its content may be confidential, proprietary, and/or trade secret information. PineBridge Investments and its subsidiaries are not responsible for any unlawful distribution of this document to any third parties, in whole or in part.
Opinions: Any opinions expressed in this document represent the views of the manager, are valid only as of the date indicated, and are subject to change without notice. There can be no guarantee that any of the opinions expressed in this document or any underlying position will be maintained at the time of this presentation or thereafter. We are not soliciting or recommending any action based on this material.
Risk Warning: All investments involve risk, including possible loss of principal. Past performance is not indicative of future results. If applicable, the offering document should be read for further details including the risk factors. Our investment management services relate to a variety of investments, each of which can fluctuate in value. The investment risks vary between different types of instruments. For example, for investments involving exposure to a currency other than that in which the portfolio is denominated, changes in the rate of exchange may cause the value of investments, and consequently the value of the portfolio, to go up or down. In the case of a higher volatility portfolio, the loss on realization or cancellation may be very high (including total loss of investment), as the value of such an investment may fall suddenly and substantially. In making an investment decision, prospective investors must rely on their own examination of the merits and risks involved.
Performance Notes: Past performance is not indicative of future results. There can be no assurance that any investment objective will be met. PineBridge Investments often uses benchmarks for the purpose of comparison of results. Benchmarks are used for illustrative purposes only, and any such references should not be understood to mean there would necessarily be a correlation between investment returns of any investment and any benchmark. Any referenced benchmark does not reflect fees and expenses associated with the active management of an investment. PineBridge Investments may, from time to time, show the efficacy of its strategies or communicate general industry views via modeling. Such methods are intended to show only an expected range of possible investment outcomes, and should not be viewed as a guide to future performance. There is no assurance that any returns can be achieved, that the strategy will be successful or profitable for any investor, or that any industry views will come to pass. Actual investors may experience different results.
Information is unaudited unless otherwise indicated, and any information from third-party sources is believed to be reliable, but PineBridge Investments cannot guarantee its accuracy or completeness.
PineBridge Investments Europe Limited is authorised and regulated by the Financial Conduct Authority (FCA). In the UK this communication is a financial promotion solely intended for professional clients as defined in the FCA Handbook and has been approved by PineBridge Investments Europe Limited. Should you like to request a different classification, please contact your PineBridge representative.
Approved by PineBridge Investments Ireland Limited. This entity is authorised and regulated by the Central Bank of Ireland.
In Australia, PineBridge Investments LLC is exempt from the requirement to hold an Australian financial services license under the Corporations Act 2001 (Cth) in respect of the financial services it provides to wholesale clients, and is not licensed to provide financial services to individual investors or retail clients. Nothing herein constitutes an offer or solicitation to anyone in or outside Australia where such offer or solicitation is not authorised or to whom it is unlawful. This information is not directed to any person to whom its publication or availability is restricted.
In Hong Kong, the issuer of this document is PineBridge Investments Asia Limited, licensed and regulated by the Securities and Futures Commission (SFC). This document has not been reviewed by the SFC.
In Dubai, PineBridge Investments Europe Limited is regulated by the Dubai Financial Services Authority as a Representative Office.
PineBridge Investments Singapore Limited (Company Reg. No. 199602054E) is licensed and regulated by the Monetary Authority of Singapore (MAS). In Singapore, this material may not be suitable to a retail investor and is not reviewed or endorsed by the MAS.
Last Update: 6 March 2017.
PineBridge is majority-owned by a subsidiary of Pacific Century Group (PCG), an Asia-based private investment group. PineBridge employees have a meaningful share in the success of the firm through equity ownership and other rights to profits of the business. Asset management is our only line of business, ensuring that our interests are fully aligned with those of our clients.
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Our locations
DOWNLOAD CORPORATE FACTSHEET
PineBridge Investments is a private, global asset manager focused on active, high-conviction investing.
We draw on the collective power of our experts in each discipline, market, and region of the world through an open culture of collaboration designed to identify the best ideas. Our mission is to exceed clients’ expectations on every level, every day. As of 30 June 2018, the firm managed US$87 billion across global asset classes for sophisticated investors around the world.
Independent since 2010, our roots developed as the former asset management arm of AIG with decades of investment experience and history managing developed and emerging markets portfolios, as well as traditional and alternative asset classes.
Today, our clients include pension plans, insurance companies, official institutions, private banks, advisors and intermediaries, supported by offices and staff in 20 locations. Our footprint enables us to deliver the firm’s full capabilities to investors at a local level, working closely to understand investor objectives, meet their needs, and help to solve their challenges.
AUM as of 30 June 2018 and includes US$13.3 billion of assets managed by joint ventures or other entities that are not wholly owned by PineBridge Investments.
Multi-Asset includes US$9.1 billion allocated opportunistically by the Multi-Asset team to PineBridge equity, fixed income and alternative strategies.
Due to rounding totals are approximate.
MULTI ASSET*
US$13.8 bn.
ALTERNATIVE
INVESTMENTS
US$9.0 bn.
EQUITIES
US$22.8 bn.
FIXED INCOME
US$54.1 bn.
ASIA
US$48.8 bn.
EUROPE, AFRICA
& MIDDLE EAST
US$11.5 bn.
AMERICAS
US$26.7 bn.
ABOUT PINEBRIDGE INVESTMENTS
Anik Sen, Global Head of Equities, PineBridge Investments
Uncovering Exceptional Opportunities
Exceptional opportunities are those rare occasions when one sees value where others don’t. At PineBridge Investments, we are in the business of finding them – before the market realizes their worth. Our high-conviction, active approach combined with a mind for managing risk bridges boundless potential with enduring investing values.
Our investment philosophy is built on three pillars reflecting our core beliefs that a time-tested process can capture returns, investing insight comes from a mixture of local and global expertise, and longer holding periods mean better risk management and higher alpha potential.
The PineBridge Approach
Active management can capture significant upswings from structural changes in the region while mitigating risks from periods of increased volatility. We have high conviction in Asia’s longer-term attractiveness despite recent headlines suggesting increasing political risk. These political developments, including US-driven trade protectionism, tensions with North Korea and further Chinese reforms, are worth monitoring for their potential implications for financial assets.
For these reasons, the developing nature of Asia makes the case for selecting a manager who has local insight, on-the-ground presence and a time-tested track record in navigating multiple risks.
INVESTMENT PHILOSOPHY
SOURCE: Lipper, as at 30 June 2018. Performance is based on total return in JPY calculated gross of tax, bid to bid, ignoring the effect of initial charges and with income reinvested at the ex-dividend date. PineBridge Investments relates to Midori Katsumi’s track-record in the sector. Past performance is not indicative of future results. For further information, please see www.pinebridge.com/funds. Benchmarks are used for illustrative purposes only, and any such references should not be understood to mean there would necessarily be a correlation between investment returns of any investment and any benchmark. An investor generally cannot invest in a benchmark. A universe for comparison was not available so a market benchmark has been used.
Source: Quick for historical data, IFIS for forecasts as of 29 June 2018. Only companies with full set of data for each period and companies with accounting periods ending in March that were constituents of MSCI Japan Small Cap Index as of 29 June 2018 are used in the calculation. Financials excludes banks. Any opinions, projection, forecasts and forward-looking statements presented above are valid only as of the date indicated and are subject to change. For illustrative purposes only, we are not soliciting or recommending any action based on this material.
Learn more about PineBridge’s offering in the Japan small cap asset class
Source: Bloomberg, data as of 29 June 2018. Diversification does not ensure against market loss. Benchmarks are used for illustrative purposes only, and any such references should not be understood to mean there would necessarily be a correlation between investment returns of any investment and any benchmark. An investor generally cannot invest in a benchmark. Any opinions, projection, forecasts and forward-looking statements presented above are valid only as of the date indicated and are subject to change. For illustrative purposes only. We are not soliciting or recommending any action based on this material.
Source: Bloomberg, data as of 02 July 2018. MSCI Japan Small Cap Net Total Return USD Index and MSCI Japan Net Total Return USD Index are indexed at 100 as of 21 August 2007.
The charts also show that an allocation to Japanese small caps can add diversification with very little to no additional risk under normal market condition, providing a better overall risk-return profile.
Our Japan Small Cap Strategy helps investors capture high quality companies that are on their way up — companies with strong fundamentals that are mispriced by the market. Given the size of the small cap market in Japan, investors can find companies on the cusp of emerging and future global or local trends (automation, the Internet of Things, augmented or virtual reality, etc.), as well as transformative Japanese reforms — the steady march toward better corporate governance, workforce diversity, and environmental stewardship. These companies often operate in niche markets, giving them high barriers to entry and a competitive advantage, both of which support higher returns over the long run.
Managed by an established investment team in Japan, our Japan Small Cap Strategy follows a systematic bottom-up approach to uncover hidden gems. This approach uses a consistent and disciplined research framework focused on growth and value styles across sectors, investing in high quality businesses that are typically non-consensus. The result is a highly concentrated portfolio of 50-70 rigorously researched stocks that we hold for the long term. In contrast, the MSCI Japan Small Cap Index represents 926 constituents.
A large part of our portfolio is in stable and cyclical growth companies with improving fundamentals and attractive valuation. The Strategy has invested in companies engaged in cutting edge biotech, those that developed next generation technologies to modernize traditional sectors, as well as those on the forefront of industry reforms and changing consumer behaviour, among others. As bottom-up investors, we don’t follow the herd. For our investors, that could mean less volatility in their portfolios and more stable returns over the long term.
Thanks to Abenomics, Japanese economic growth is no longer driven by the cyclical recovery of domestic and global markets but by the underlying structural changes of Japanese companies to become more profitable, capital efficient and growth focused. These structural changes should provide a strong tailwind for Japanese earnings in the coming years. For investors looking to take advantage of the alpha opportunity of a revitalized Japan with modest risk, an active small caps strategy offers a long runway for growth.
Not following the herd
More than 80% of listed companies in Japan (around 3,000) are in the small cap space. These companies occupy a sweet spot for alpha – they tend to be under-researched, with too little or no coverage, and thus provide opportunities for compelling returns.
Consider two important facts about Japanese small caps shown in the charts below:
• They have outperformed the broader market most of the time over the past 10 years
• They have been less volatile than large caps over the same period
High quality companies on their way up
Japan is back on investors’ radar — according to our PineBridge economists, the economy is on solid footing, employment is at its highest level since the 1990s, profits have improved and corporate Japan is making strides in overhauling its governance practices. This sets the stage for an earnings-led, long-term equity market expansion. However, investors have barely scratched the surface of the Japanese equity universe, mostly investing in well-known, large cap stocks.
The Sweet Spot for Alpha
JAPAN SMALL CAP
INDIA
Asia ex Japan Small Cap
SOURCE: Citywire Discovery/Lipper, as at 30 June 2018. Performance is based on total return in INR calculated gross of tax, bid to bid, ignoring the effect of initial charges and with income reinvested at the ex-dividend date. Average manager is the based upon the managers tracked globally in Citywire's Equity - India peer group. PineBridge Investments relates to Elizabeth Soon’s track-record in the sector. Past performance is not indicative of future results. For further information, please see www.pinebridge.com/funds.
Learn more about PineBridge’s offering in the India equity asset class
Source: United Nations. Data as of 2009; Census of India, various years. For illustrative purposes only. Any views are the opinion of the manager and subject to change. We are not recommending or soliciting any action based on this material. Low, medium and high refer to fertility rate scenarios.
Source: Citi Research, CEA, Various Government Reports, as of 13 April 2018. For illustrative purposes only, we are not soliciting or recommending any action based on this material.
While India’s long-term economic outlook appears bright given the factors listed above, investors can’t underestimate its idiosyncrasies, which can affect the prospects of individual companies. For instance, as one of the world’s largest energy users and a net oil importer, India is prone to the risk of a twin deficit (fiscal and current account deficit) from higher oil prices. While the country has favorable demographics, skilled workers are in short supply and wage inflation is high. While the government is putting more money on infrastructure, existing transport and energy systems are still largely insufficient to cope with current demand. In addition, land is in high demand and can be difficult to acquire.
Given this contrast, we believe vigilance and patience will be essential to creating wealth from investing in India. That’s why our approach is to carefully select companies that can see opportunities in the shifting landscape and navigate their way through India’s transformation.
Our high conviction approach results in a portfolio that’s starkly different by sector breakdown from one that replicates the benchmark (MSCI India Daily Total Return Net Index), yet is diversified.
We have found opportunities across the market spectrum — fast-growing companies that hone their digital, technological and intellectual property advantages to expand market share, companies that stand to benefit from structural drivers such as consumption and infrastructure, as well as those making a turnaround.
India’s transformation is likely to be accompanied by disruptions, in the form of newer business models, new regulations, and other changes. This calls for a smart playbook — investors need to look for companies able to navigate through various cycles to maximize the opportunity, while minimizing risk. The 13-year track record of our India Equity Strategy shows that the market is rich in alpha — for those who know what to look for and how to look for them.
Opportunities across the market spectrum
Investors in India tend to find comfort in the index, assuming that where India’s GDP growth goes, so goes the index. That hasn’t always been the case, partly because of the structure of the Indian economy, where there’s a large informal sector and many unlisted enterprises. In other words, the index can be a poor proxy for overall economic activity.
We believe that a better way to capture growth opportunities in India is by methodically constructing a portfolio without regard to the index. From a universe of more than 5,000 listed companies, our India Equity Strategy builds a portfolio of only 30-40 stocks. Each stock in the portfolio passes through rigorous research and analysis focused on three fundamental areas: the strength of the company’s business model, the quality of management, and valuation. That is, we find strong businesses that are resilient through the economic cycle; we ensure it has a capable management team that can be trusted with capital, and finally, we invest if the price is justifiable. This time-tested stock selection process is designed to mitigate permanent loss of capital for our investors.
A deep understanding of a company is key. Last year alone, our on-the-ground team traveled 80,000 kilometers across India to research and visit companies, and meet management. The team tracks over 20 proprietary databases and leverage a variety of sources as well as the insights of the global PineBridge investment team.
A smarter alternative to index investing
If India continues to grow as fast as it has in the last two decades, the India of 2028 and 2038 would be vastly different from today as a number of megatrends shape its future. India’s demographic trend points to a
60% increase in the working population by 2050. Investments in infrastructure are accelerating, helping boost industrial growth. Urbanization is also keeping pace — approximately 30 people are moving to cities from rural areas every minute. Meanwhile, the growing competitiveness of high value exports such as pharmaceuticals and high engineering goods (on top of its strong technology services exports) reflects India’s global economic clout.
A Delicate Balance between Return and Risk
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JAPAN SMALL CAP
INDIA
Asia ex Japan Small Cap
Learn more about
PineBridge’s offering in the Asia ex Japan small cap asset class
Source: World Bank (historical), PineBridge Investments (forecasts), as of 31 December 2017, underlying data as of 31 December 2016. GDP reflects nominal figures. East Asia & Pacific countries include Australia, China, Hong Kong, Indonesia, Japan, Korea, Malaysia, Philippines, Singapore, Thailand, and Vietnam. Asia ex-Japan includes all East Asia & Pacific countries including India but excluding Japan. For illustrative purposes only. We are not soliciting or recommending any action based on this material. Any opinions, projections, forecasts, or forward-looking statements represent the view of the manager, are valid only as of the date of this presentation, and are subject to change.
SOURCE: Citywire Discovery/Lipper, as at 30 June 2018. Performance is based on total return in USD calculated gross of tax, bid to bid, ignoring the effect of initial charges and with income reinvested at the ex-dividend date. Average manager is the based upon the managers tracked globally in Citywire's Equity - Asia Pacific Small & Medium Companies peer group. PineBridge Investments relates to Elizabeth Soon’s track-record in the sector. Past performance is not indicative of future results. For further information, please see www.pinebridge.com/funds.
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Our approach to the Asia ex Japan small cap asset class seeks to invest in forward-looking companies with strong management and sustainable business models that will allow them to survive and thrive in the future. We specifically look for companies that possess strong financials, high technological barriers to entry (e.g., proprietary research and development), cost advantages, resilience to industry consolidation, and solid brands.
In our portfolio of 40-70 stocks, we are seeing these opportunities manifest across a number of markets and sectors: high-value-adding original equipment manufacturers (OEMs) and their suppliers that are heavily investing in research and development; infrastructure and construction-related companies in line to benefit from the US$1.5 trillion in average annual infrastructure investment needs in Asia⁴; retailers and their suppliers; and many others.
“The world is flatter than ever. It is all about what the company does, not where it is based. We like companies that execute well, have a big share in developed markets, and have high barriers to entry.”
With a large universe to start with, the key to our approach in investing is knowing how much a company is truly worth. Matching that value with the right price in the market is where the opportunity lies. Instead of relying on what’s trending, we go back to basics — deep research and analysis of a company’s past performance and its ability to continue to deliver in the future.
From a universe of over 15,000 stocks, we identify the opportunity set and apply our proprietary bottom-up research process to create the portfolio. Unlike other managers, we do not position our portfolio to be purely value or growth, but prefer to look where companies are in their cycle.
Our analysis also extends to the story behind the numbers: How good is the management? What is their long-term vision? Are they able to execute it? That’s why company face-to-face meetings with management are as important in our stock selection process as examining the company’s books.
Our rigorous due diligence process in stock selection, honed through multiple market cycles, acts as a built-in risk management system that helps ensure our portfolio is more resilient over our investment horizon and can deliver sustainable, long-term returns. As long-term investors, we view episodic volatility not with anxiety, but as an opportunity to increase our positions or spot a potential addition.
Our approach may result in a portfolio made up of less “glamorous” stocks — and that sets us apart from many of our peers. Ours is a portfolio designed to deliver sustainable, long-term earnings.
Uncovering growth potential at the right price
Companies that will dominate the global market as the next Alibaba or Tencent will start out small.
Over 90% of listed companies – or about 15,000 – in Asia ex Japan are small to midsize. Most are under-researched by analysts, providing plenty of opportunity to discover stock mispricings.
The region’s small cap market also reflects opportunities that play on the long-term drivers of Asia’s growth, such as demographics, urbanization, sustainability, and productivity. An aging population coupled with wage pressures in China, for example, is expected to give way to increased automation, including the use of industrial robots and virtual and augmented reality (VR/AR) technology to boost overall productivity and efficiency. Asia is seen as a major player in the development of VR/AR technologies and automated solutions for various applications. Meanwhile, younger populations and rising incomes in India and Southeast Asia are expected to fuel growing demand for goods and services. Greater mobility and rapid urbanization will translate to greater connectivity and public infrastructure investments.
In today’s environment of rapid innovation and intense competition, forward thinkers win the day. The small cap universe has been a rich hunting ground for future winners – companies that are more nimble than their larger peers, have room to grow into large caps, or have the potential to disrupt their competitors.
The challenge for investors looking for the next unicorn or disruptor lies in ascertaining a company’s true potential and worth, which requires skill and discipline. We believe our active strategy for the Asia ex Japan small cap asset class invests with clarity — using a fundamental, bottom-up approach to pick companies that have their eyes on the future and the means to deliver sustainable, long-term earnings.
Asia-based companies are creating unique positions as significant parts of globalized innovative manufacturing and R&D
Capturing future opportunities today
A Big Universe of Innovation and Growth
JAPAN SMALL CAP
INDIA
Asia ex Japan Small Cap
CAPITAL AT RISK: All investments involve risk. The value of your investment and the income from it will fluctuate and a loss of capital may occur.
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Here, we spotlight three award-winning Asia strategies where the power of PineBridge’s process and people have driven long-term outperformance
in a region full of opportunity.
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Asia, the world’s most populous region with over 4.5 billion people , is fast-paced, dynamic and highly idiosyncratic – presenting fertile ground for harvesting alpha.
OPPORTUNITIES LIE WHERE PEOPLE LIVE.
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investment opportunities
in Asia are abundant
The numbers
speak for themselves
SELECTIVITY IS KEY
Uncovering Exceptional Opportunities in the World’s Fastest-Growing Region
ALPHA IN ASIA
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