Join Jock Glover, Strategic Relationships Director at Square Mile Investment Consulting and Research, as he hosts Fiona Yang, co-manager of the Invesco Asia Trust, in this episode of Behind The Screens. As part of their discussion, Fiona highlights that, despite the challenges, she remains optimistic about the long-term growth potential in Asia. She champions bottom-up stock selection and taking a contrarian, valuation-based view.  

She also explains how, along with her co-manager, they aim to deliver a 4% yield and make the most of the investment trust structure. 

Don't have time to listen to the full episode, jump to your favourite part:

• 01:41: Since you are based in Singapore and your co-manager is based in the UK, how do you split your time and responsibilities?
• 03:12: Do you now have a team of analysts researching and developing stock ideas?
• 05:11: Asia is often seen as a growth market, so having an income bias is unusual especially when you are value-oriented. How does that translate into the companies you look at in Asia and Australasia?
• 06:55: You pay a 4% yield, but not necessarily from portfolio income. How does that mechanism work, and how does it impact your stock selection process?
• 09:35: What themes are you running in the portfolio and how do you determine those?
• 12:07: With the recent rally in China, at what point do you decide to take profits or hold onto positions? How do you make that decision?
• 14:07: Outside of China, where in Asia and Australasia do you see good opportunities?
• 15:47: Gearing is another facility investment trusts have. When would you consider using it, and how do you think about gearing decisions?
• 19:20: What keeps you up at night as a fund manager?
• 20:43: What's an interesting statistic you’ve seen recently?

This podcast was recorded in October 2024. This podcast is issued by Square Mile Investment Consulting and Research Limited which is registered in England and Wales (08791142) and is a wholly owned subsidiary of Titan Wealth Holdings Limited (Registered Address: 101 Wigmore Street, London, W1U 1QU).

This podcast is for the use of professional advisers and other regulated firms only and should not be relied upon by any other persons. It is published by, and remains the copyright of, Square Mile Investment Consulting and Research Ltd (“SM”). SM makes no warranties or representations regarding the accuracy or completeness of the information contained herein. This information represents the views and forecasts of SM at the date of issue but may be subject to change without reference or notification to you. SM does not offer investment advice or make recommendations regarding investments and nothing in this podcast shall be deemed to constitute financial or investment advice in any way and shall not constitute a regulated activity for the purposes of the Financial Services and Markets Act 2000. This podcast shall not constitute or be deemed to constitute an invitation or inducement to any person to engage in investment activity. Should you undertake any investment activity based on information contained herein, you do so entirely at your own risk and SM shall have no liability whatsoever for any loss, damage, costs or expenses incurred or suffered by you as a result. SM does not accept any responsibility for errors, inaccuracies, omissions, or any inconsistencies herein. Past performance is not a guide to future returns.

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