Nikko Asset Management (Nikko AM) has added to its China Equity capability with a new All China team based in Shenzhen and Hong Kong.
Nikko AM says the six-strong team is a natural extension of one of the largest Asian Equity teams based in Singapore, and comprises native Chinese analysts, seasoned China specialists and analysts who have invested more broadly across emerging and developed Asia.
Leading the team is Eng Teck Tan, senior portfolio manager, who reports to Peter Sartori, Head of Asian Equity at Nikko AM. Tan will apportion his time between Singapore, Hong Kong and Shenzhen¹, and he is supported by three other portfolio managers based in Hong Kong and two analysts in Shenzhen.
Nikko AM Deputy President, Global Head of Investment and CIO-International, Yu-Ming Wang, says: “China is transforming quickly and we believe it is most prudent to invest in it as a stock-picker. 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. In sports, championships often go to the teams with the deepest bench because they have great ability to withstand adversity and the unknown.
“Our China team is backed by the domain knowledge of our Asian equity team with members who have been investing in China for some 20 years, and our access and connectivity to domestic information networks through joint venture partner, Rongtong. Our team relies on a developed and time-tested ESG-integrated robust investment process, applied for institutional investors.”
Nikko AM has been investing in China for close to 15 years. The firm was the first asset management company to be certified by the Chinese authorities as a qualified foreign institutional investor (QFII) in December 2003, and launched Japan’s first RMB-denominated Government Bond Fund in 2004. This was followed by the launch of one of the world’s first funds investing in the A shares of a burgeoning China in February 2005.
In April 2007, Nikko AM made a strategic investment in a leading Chinese asset manager, Rongtong Fund Management Co. Ltd. Established in 2001, Rongtong is today one of the largest Sino-Foreign joint venture fund management companies in China. Representing new China, its headquarters are Shenzhen, with branch offices in Beijing, Shanghai and Chengdu.
With proven track record and experience that is bespoke to the great growth opportunity that China presents, Nikko AM is poised to help global investors gain exposure to the world’s growth engine.
