Thank you for joining us at our Investec Global Insights - Asia 2018 Conference. We deeply appreciate your partnership and support.
Over the course of the conference, we hope to provide you with useful insights and views on the rapidly changing and challenging investment landscape. With asset markets at elevated prices and quantitative easing coming to an end amidst huge political uncertainty, it is clear that investors face the twin challenges of lower returns and increased risk. We look forward to learning more about the issues you face in meeting the investment needs of your clients and capital providers. The work of the rest of day is all about enabling you to make better informed decisions on behalf of your clients. We will do our best to add value in this respect.
As long-term, active investors we have worked hard to navigate treacherous market conditions for over a quarter of a century. We trust that we can be of real value to you and your clients.
Finally, but importantly, please enjoy the conference.
|08:15 – 08:45||Registration and light breakfast
|08:45 – 08:55||
Welcome & introduction
|08:55 – 09:00||
|09:00 – 09:20||
A world view
|09:20 – 09:50||
Panel: Navigating a mature bull market
Moderator: Philip Saunders, Co-Head of Multi-Asset Growth
|09:50 – 10:10||
Asia’s “national champions” that are becoming global brands
|10:15 – 10:25||
|10:25 – 10:45||
Panel: Becoming a bull in a China shop
Moderator: Beonca Yip, Managing Director, Head of Advisor Business, Asia
|10:45 – 11:10||
Unlocking opportunities in emerging markets
|11:10 – 11:45||
Panel discussion: The evolving fund distribution landscape in Asia
Moderator: Richard Garland, Managing Director, Global Advisor
Lunch presentation: The 4th industrial revolution: renewable energy to the rescue
|12:45 – 13:00||
Morning wrap up
|13:00 – 13:30||
'Meet the Portfolio Manager’ Session 1
|13:30 – 14:00||
'Meet the Portfolio Manager’ Session 2
|14:00||End of the event
Head of Advisor Business, Asia
Joined the firm in 2013
Joined the industry in 2007
Beonca is Head of Advisor Business, Asia within the Asia Pacific Client Group at Investec Asset Management, based in Hong Kong. She is responsible for managing the advisor sales teams in Hong Kong and Taiwan and for expanding the advisor business into China and South East Asia.
Prior to joining the firm Beonca worked at Eastspring Investments where she was head of retail for Asia Pacific (including Japan) and Europe. She previously worked at Societe Generale Asset Management as head of sales and marketing, Asia ex Japan. Beonca also spent two years at Pramerica Asia Investment Management as a regional director, Asia for international investments. Between 1997 and 1998 she worked at Jardine Fleming Investment Management as an executive for institutional sales.Read more
Beonca graduated from the Hong Kong University of Science and Technology with a Bachelor of Business Administration in Finance degree and holds an Executive Master’s degree from the Citi University of Hong Kong.
Joined the firm in 2016
Joined the industry in 1997
Charlie is a portfolio manager in Investec Asset Management’s Quality team. His focus is on global investments, in particular Asian equities. Prior to joining the firm, Charlie was a portfolio manager at Coupland Cardiff Asset Management, an Asian investment firm.Read more
Before that he held senior positions at J.P. Morgan; he was the director of Asia Pacific Research and head of Asia Pacific Consumer Research. Charlie has a Bachelor of Science degree in Geography from Durham University and has passed Level III of the CFA Programme.
Joined the firm in 2007
Joined the industry in 1991
George is a portfolio manager and metals and mining specialist in the Natural Resources team at Investec Asset Management having joined the firm in 2007.
Prior to this, he was a market analyst for three years at BHP Billiton, working in The Hague and Singapore. He was recruited to BHP Billiton in 2004 from CRU (Commodities Research Unit), an independent metals/chemicals related research company based in London. At CRU, he spent three years in the Carbon Steel team and five years as a Research Manager – Copper, providing in-depth research and forecasts to the industry, banks and hedge funds. George began his career in 1990 in operations at British Steel Strip Products, working for three years in the Tinplate division.Read more
George graduated from the University of Oxford in 1989 with an honours degree in Classics and in 1995 was awarded an MBA from Warwick University.
Joined the firm in 2006 and again in 2011
Joined the industry in 2006
Grant is an investment specialist and portfolio manager in the Global Emerging Market Debt team at Investec Asset Management. He is responsible for managing the Emerging Markets Blended Debt Strategy and Emerging Markets Multi-Asset Strategy, and EEMEA regional and Top-Down asset allocation research.
Prior to joining the firm, Grant worked in London as a quantitative analyst and portfolio manager of global macro and convertible bond funds at RWC Partners. He also spent a year working as an equity analyst for Investec Asset Management in Cape Town in 2006.Read more
Grant holds a Bachelor of Business Science (Hons) degree from the University of Cape Town and a Master’s degree with distinction in Finance from London Business School, concentrating on investments and quantitative finance. He is a qualified Actuary (AIA) and CFA Charterholder.
Co-Head of 4Factor
Joined the firm in 2003
Joined the industry in 1977
Mark is Co-Head of 4Factor at Investec Asset Management. He is the portfolio manager for the Global Strategic Equity Strategy.
He joined Investec Asset Management from Alliance Capital Management where he managed portfolios including the $500 million Worldwide Privatisation Fund, NYSE listed Southern Africa Fund, Spain Fund and Austria Fund. Prior to this, he managed developed market equity accounts for Brinson Partners (formerly First Chicago), following an initial three-year spell in research at Vickers da Costa.Read more
Mark graduated with a Bachelor of Arts (Hons) degree in Economics.
Joined the firm in 2002
Joined the industry in 1985
Michael joined Investec Asset Management as a strategist in December 2002. His current responsibilities include understanding how the shift in the centre of economic gravity from West to East is impacting on the world of investment and in particular how it is opening up new investment opportunities for Investec’s global client base.
He began his career working in the Middle East department of Chase Manhattan Bank before joining Anglo American's corporate finance department in South Africa. Michael then worked in the London corporate finance department of NM Rothschild & Sons where his work had a strong natural resource emphasis. Having completed a 4x4 overland safari through Africa, Michael then worked for HSBC-Equator Bank in Kenya for four years. He returned to the UK to work at Baring Asset Management as a director in their emerging markets department, where he was head of Africa and the Middle East as well as heading the natural resources sector, and was also portfolio manager for the Pan African Simba Fund.Read more
Michael graduated from the University of Cape Town with a Phd in Economics. He also holds an MA in International Business and Law from the Fletcher School at Tufts and a BA in Politics, Philosophy and Economics from the University of Oxford.
Co-Head of Multi-Asset Growth
Joined the firm in 1981
Joined the industry in 1981
Philip is Co-Head of Multi-Asset Growth at Investec Asset Management, he is also a portfolio manager for Multi-Asset total return, global multi-asset and protected strategies.
He began his investment career in 1982 as an analyst at Guinness Mahon & Co Limited, assuming management responsibility for the company’s managed currency funds in 1984. In 1987, he became a founding director of Guinness Flight Global Asset Management, which was later acquired by Investec Asset Management in 1998, and led its successful Global Fixed Income team. In 2000 he joined the Multi-Asset team, becoming Head in 2004.
Philip graduated from Cambridge University with a MA in History in 1980.
Assistant Portfolio Manager
Joined the firm in 2014
Joined the industry in 2009
Wenchang is assistant portfolio manager for the All China Equity Strategy in the 4Factor team at Investec Asset Management.
Prior to joining the firm in 2014, she worked at J.P. Morgan as an equity research analyst covering transportation and logistics. Prior to joining J.P. Morgan in 2010, she did a similar role at Exane BNP Paribas.Read more
Wenchang holds a Bachelor’s degree in Economics from Renmin University of China and an MSc in Management, majoring in Finance from HEC Paris. Wenchang is also a CFA Charterholder.
Joined the firm in 2013
Joined the industry in 2004
Wilfred is an investment specialist and portfolio manager in the Global Emerging Market Debt team at Investec Asset Management. He is responsible for the Asia Local Currency Bond and All China Bond funds.
Prior to joining Investec Asset Management, Wilfred worked for the Government of Singapore Investment Corporation (GIC) for nine years, three of which were based in New York. At the GIC, Wilfred was a portfolio manager and lead credit analyst for Emerging Market credit, focused on Asia. He was also credit analyst and strategist responsible for European financials.Read more
Wilfred holds a Bachelor of Arts (Hons) degree in Economics from the University of Cambridge, a Master’s degree in Financial Mathematics from Stanford University, and is also a CFA Charterholder.
| A world view
Philip Saunders, Co-Head of Multi-Asset Growth
|Asia’s “national champions” that are becoming global brands
Charlie Dutton, Portfolio Manager, Quality
|Unlocking opportunities in emerging markets
Grant Webster, Portfolio Manager, Emerging Markets Debt
|Lunch presentation: The 4th industrial revolution: renewable energy to the rescue
Michael Power, Strategist
| Meet the Portfolio Manager - All China Equity
Wenchang Ma, Assistant Portfolio Manager, China Equity, 4Factor
| Meet the Portfolio Manager - Global Multi-Asset Income
Philip Saunders, Co-Head of Multi-Asset Growth
| Meet the Portfolio Manager - Global Strategic Equity
Mark Breedon, Co-Head of 4Factor
| Meet the Portfolio Manager - Commodity Equities
George Cheveley, Portfolio Manager, Natural Resources
| Meet the Portfolio Manager - Global Franchise
Charlie Dutton, Portfolio Manager, Quality
| Meet the Portfolio Manager - All China Bond
Wilfred Wee, Portfolio Manager, Asia Fixed Income
Our strategy at Investec Asset Management is simple. As a global specialist investment manager we want to assist people around the globe to enjoy their retirement and to preserve and grow wealth for future generations. We invest other people’s money, not our own. At our core, we are focused on the long term, investing in people and relationships.
We offer investment strategies investing in global, UK and regional markets spanning, equities, fixed income, multi-asset and alternative asset classes. Our clients include wealth managers, financial advisors, individual investors, pension funds, central banks and sovereign wealth funds.
It all began in South Africa in 1991. Twenty-five years later, we have grown to become a truly global company, managing more than $141 billion* on behalf of clients all over the world. We are proud of our journey from a start-up in an emerging market to a successful international business. This sets us apart from most of our peers.
Our business is still managed by our founding members. This has not only balanced stability with growth but has fostered a culture in which our people have the creative freedom to challenge the status quo and own and develop ideas to the benefit of our clients.
Investec Asset Management is an independently managed subsidiary of Investec Group. Our employees are equity stakeholders in the firm.
*as at 31 December 2017
Our focus is on global and emerging market investing across asset classes. We started with a range of largely South African products and, in the late 1990s, recognising that the investment world would inevitably become less local, we globalised our business. This approach, combined with a footprint in both emerging and developed markets, has characterised the development of our investment solutions.
We effectively balance strong local expertise with the benefits of a tightly connected global firm. We see our ability to adapt to the dynamics of the markets in which we operate as a significant strength.
Assets under management by asset class*
*An additional US$10.3bn AUM, includes outsourced and administration assets not included in the chart
Source: Investec Asset Management, as at 31.12.17, numbers are unaudited. Figures may not add up to 100%, due to rounding.
As long-term asset managers, we are deeply aware of our broader responsibility to society. First and foremost, we are working towards a better future for our clients, as custodians of their investments.
We want to make a positive impact by focusing on initiatives that support local communities and their environments, thereby contributing to the success of future generations.
As a firm we have partnered with organisations such as Tusk (an established organisation providing funding for conservation initiatives, community development and environmental education programmes across Africa) and Songo (a sports and education charity). We helped build the JL Zwane community centre in Gugulethu – an impoverished township in Cape Town, and were proud supporters of the Oscar nominated documentary 'Virunga'.
Additionally, we are proud of our employees who volunteer on an ongoing basis across several charitable projects in the communities in which we operate. These include Arrival Education and Starfish, as well as several local charities and NGOs that focus on poverty relief and education at a grassroots level.
Investec Asset Management provides access to a globally-integrated team of investment specialists, delivering the appropriate investment resources for each client by drawing on the collective wisdom of our experienced professionals. Unlike conventional houseview-based managers, we embrace multi-specialisation. This means that as a firm we span a number of specialist investment philosophies, both within and across asset classes. Diverse views are encouraged across the house as a whole, but investment views are independently exercised by smaller, philosophically-aligned teams following disciplined processes. We believe smaller, directly-accountable teams have greater conviction, and deliver better results.
These focused teams of analysts and portfolio managers seek to deliver investment performance by rapidly implementing bold ideas in optimally-sized portfolios. Each team is supported by a single, globally-integrated investment platform, matching the flexibility of a boutique with the stability of a large house. This combination frees investment professionals from the increasingly onerous task of running the company, allowing them to focus on generating and implementing great investment ideas, with clear accountability for investment results. These philosophically-aligned teams are then harnessed together to form one, globally-integrated investment team, where views are vigorously debated and tested in open forums — to the benefit of our clients. Business risk and investment risk are independently managed, which means that investment views are implemented and maintained with conviction, over time and through market cycles, with a lower risk of style drift.
Our specialist investment teams, each with a unique investment philosophy and process include Quality and Value equities, 4FactorTM, Multi-Asset, Emerging Market Fixed Income, and Commodities and Resources.
Our structure means we are able to attract high quality talent to our investment teams, talent typically seeking a home with the benefits of a niche investment firm, together with the stability and resources that only an established business can provide. This ensures that we combine the benefits of a stable, experienced investment team with the ability to recruit and retain developing talent.
Clients invest with confidence, knowing that their investments receive the full attention they deserve from a dedicated team, whose interests and philosophies are aligned with their own. These teams are supported by a stable business benchmarked against global best practice, and underpinned by a solid foundation of multi-generational talent, focused on the long term.