Fundsupermart.com
Licensed Custodian, Dealer and Financial Adviser.   CPFIS Registered Investment Administrator
  • Home
  • Research & Insights
  • FSM Webcast
  • Ask The Experts: Gaining Exposure to Chinese Consumption Through These Quality Companies



Ask The Experts: Gaining Exposure to Chinese Consumption Through These Quality Companies


Nicholas Yeo, Director and Head of Equities at Aberdeen International Fund Managers Limited, explains the rationale for the top three holdings of the Aberdeen China Opportunities Fund.

Can you briefly talk us through the rationale behind the fund's top three holdings (Jardine Strategic Holdings, Swire Pacific, ASM Pacific Technology) especially in Jardine Strategic Holdings which has a 7.0% allocation?
- Fund is positive on domestic consumption story but is not the way the fund selects stocks
- Easier to find companies that the fund can buy and hold for a long time in the consumption space
- Jardine Strategic is a good example. Under its group of companies include names like Dairy Farm which owns 7-11 franchises across Asia, Cold Storage in Singapore, Wellcome in Hong Kong, and also the Ikea franchise in Hong Kong
- Largest contributor of assets to Swire Group is Swire Properties, which is also geared towards consumption
- Owns Pacific Place in Hong Kong which houses many luxury brands
- Hong Kong is a key beneficiary of Chinese consumption, especially in the luxury goods space where products are 30% cheaper in Hong Kong
- Similar to Jardine, also very conservative when expanding in China
- ASM Pacific Technology is probably the only technology stock owned by the fund
- Does equipment packaging for the semi-conductor industry
- Leader in this field and has been able to take over its Japanese counterparts due to low cost structure
- Good company with Research & Development facilities in Singapore and strong innovation capabilities



All materials and contents found in this Site are strictly for information purposes only and should not be considered as an offer, or solicitation, to deal in any of the funds or products found in this Site. While iFAST Financial Pte Ltd ("IFPL") has tried to provide accurate and timely information, there may be inadvertent delays, omissions, technical or factual inaccuracies and typographical errors. Any opinion or estimate contained in this Site is made on a general basis and neither IFPL nor any of its servants or agents have given any consideration to nor have they or any of them made any investigation of the investment objective, financial situation or particular need of any user or reader, any specific person or group of persons. You should consider carefully if the products you are going to purchase into are suitable for your investment objective, investment experience, risk tolerance and other personal circumstances. If you are uncertain about the suitability of the investment product, please seek advice from a financial adviser, before making a decision to purchase the investment product. Past performance is not indicative of future performance. The value of the unit trusts and the income from them may fall as well as rise. Opinions expressed herein are subject to change without notice. Please read our full disclaimer in the website.

Broadcast Date 11 April 2012
Video Duration 00:04:54
Programme Ask The Experts: Gaining Exposure to Chinese Consumption Through These Quality Companies
© Fundsupermart.com
Rate:
0
0 Ratings Views: 4356 Language: English Comment (0)
URL : Bookmark and Share


 
RELATED FUNDS
Aberdeen China Opportunities

Switch to desktop view Switch to mobile view