Old Mutual Asia Pacific Fund R GBP Acc
New for 2018. Uses numbers-driven investment process
This fund is run by a trio of fund managers who run another two Rated Funds in different sectors. Ian Heslop, Amadeo Alentorn and Mike Servent have run Old Mutual Global Equity and Old Mutual North American Equity since 2004 and have managed Old Mutual Asia Pacific since 2011.All of their funds are very well-diversified – the US fund had more than 450 holdings at the end of 2017, while the US and Asia Pacific funds had more than 200.
Heslop, head of global equities at Old Mutual Global Investors, has devised an investment process based on algorithms. He believes it is too difficult to forecast what is going to happen in the stock market, even if you correctly predict macroeconomic events. He and his team use this numbers-driven investment process to make investment decisions based on objective criteria. They look for the types of stocks that other investors are buying, and then look for the best companies they can buy to take advantage of these themes. In other words, they seek to 'follow the money'. It is an approach that recognises the cyclicality of investment processes and adjusts exposures to take advantage of prevailing market conditions. Recent performance has benefited from having a third of their Old Mutual Asia Pacific fund in technology stocks.
Heslop believes that in general, there are more inefficiencies to be exploited in the Asia Pacific region compared to the other markets in which they invest, and judging by the fund's stellar performance, he is right on the money.
Narrative and ratings content all as of 01 January 2018.See all Money Observer rated funds
|Samsung Electronics Co Ltd||2.63 %|
|Tencent Holdings Ltd.||2.23 %|
|Industrial And Commercial Bank Of China Ltd H||2.03 %|
|Taiwan Semiconductor Manufacturing Co Ltd||2.01 %|
|Bank Of China Ltd H||1.82 %|
|Alibaba Group Holding Ltd ADR||1.42 %|
|PT Adaro Energy Tbk||1.40 %|
|NetEase Inc ADR||1.37 %|
|PTT Exploration & Production PCL||1.26 %|
|China Steel Corp||1.18 %|
|Asia - Emerging||42.93 %|
|Asia - Developed||36.10 %|
|Financial Services||24.04 %|
|Basic materials||15.86 %|
|Consumer Cyclical||12.60 %|
Dr. Ian Heslop is the Deputy Head of Quantitative Strategies at Old Mutual Asset Managers (UK). He joined the Quantitative Strategies team in June 2004 from OMAM's Global Equities team, where he was a fund manager specialising in the global technology and biotechnology sectors. He joined the Old Mutual group from Barclays Global Investors, where he was a UK quantitative fund manager (1997-2000). Ian has a BA in Chemistry from Oxford University (1993) and a PhD in Medicinal Chemistry from Edinburgh University (1997).
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