Nikko AM broadens China equity capability
Nikko Asset Management (AM) has grown its China equity capability with additional resources to be based in Shenzhen and Hong Kong, which will be a natural extension of its All China team based in Singapore.
The new team, which would be led by senior portfolio manager Eng Teck Tan, would include native Chinese analysts as well as China specialists and analysts with extensive investment knowledge of emerging and developed Asian markets.
The firm said that “being on the ground” would further enhance its understanding of the Chinese market and its nuances, while the company would benefit from its partnership with Rongtong Fund Management.
“An early entrant to China, Nikko AM is plugged into Rongtong’s local information network and frequent company engagement. The two partners work very closely in mining market intelligence and generating investment ideas,” the firm said.
Nikko AM said it would also leverage its research advantage with institutional discipline in portfolio construction.
Nikko AM’s deputy president and global head of investment, Yu-Ming Wang, stressed that the company believed that stock-picking investing was the most prudent strategy in a market that was transforming as quickly as China.
“We have widened and deepened our bench strength in China equity, building a team with experience that is bespoke to China’s evolving nature and stage of development,” he said.
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