Nikko AM deepens China equity capabilities

Nikko Asset Management has announced the extension of its China Equity team with additional teams based in Shenzhen and Hong Kong.

Six people, that comprise native Chinese analysts, seasoned China specialists and analysts who have invested more broadly across emerging and developed Asia, will complete Nikko’s Asian equity team based in Singapore.

Eng Teck Tan, senior portfolio manager, oversees the All China team and reports to Peter Sartori, head of Asian Equity at Nikko AM.

Tan’s time will be split between Singapore, Hong Kong and Shenzhen. He is backed by three other portfolio managers based in Hong Kong and two analysts in Shenzhen.

Nikko AM has been investing in China for almost 15 years, having been certified by the Chinese authorities as a qualified foreign institutional investor (QFII) in December 2003.

Its first China A-Shares fund had been launched in February 2005. Then, in April 2007, Nikko AM made a strategic investment in Shenzhen-headquartered asset manager, Rongtong Fund Management to form a joint venture management company.

Nikko AM’s deputy president, global head of Investment and CIO-International, Yu-Ming Wang said, “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,” Wang added.

Nikko AM had $220.1bn (€189.3bn) in assets under management as of 31 March 2018.

Adrien Paredes-Vanheule
Adrien Paredes-Vanheule is deputy editor and French-Speaking Europe Correspondent for InvestmentEurope, covering France, Belgium, Geneva and Monaco. Prior to joining InvestmentEurope, he spent almost five years writing for various publications in Monaco, primarily as a criminal and financial court reporter. Before that, he worked for newspapers and radio stations in France, in particular in Lyon.

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