Half of the world’s fastest-growing companies, the world’s fastest-growing urban population, two of the three largest equity markets in the world – all of them are in Asia.2 In this highly diverse region, alpha opportunities cut across countries, sectors, and market capitalizations. That’s why we cast a wider net and apply our time-tested research process with an aim to uncover only the most compelling investments in the entire market for our clients.
First quartile risk-adjusted returns in one- and three-year periods3
High active share, with greater exposure to smaller companies than peers — providing important diverse sources of long-term alpha as well as differentiated exposures.4
A closely integrated investment and research team managing regional equity strategies since 1991.
Large cap core, with greater exposure to small and mid cap companies than peers4
Sound core allocation in a broader Asia portfolio, blending with complementary satellite exposures
Historically higher upside capture and steady relative downside protection vs peers and index5
1IMF World Economic Outlook, October 2020
2Population data: see “The Future of Asian and Pacific Cities”, United Nations Economic and Social Commission for Asia Pacific 2019; Companies data: see “Asia Is Home to 50% of the World’s Fastest-Growing Companies,” Nikkei Asia Review, 9 May 2019. https://asia.nikkei.com/Business/Companies/Asia-is-home-to-50-of-world-s-fastest-growing-companies; Equity market data: World Federation of Exchanges, as of November 2020.
3Morningstar, as of quarter ending 31 December 2020. The Fund delivered returns higher than peers and benchmark in one-, three-, five- and 10-year periods. First quartile ranking in one- and three-year periods. Fund performance is reflective of Share Class Y USD. Performance is net of fund total expense ratio. Peer performance refers to the average of all the funds in Morningstar’s Asia ex Japan Equity category. The Index refers to the MSCI AC Asia Ex Japan NR USD. Past performance does not guarantee future results. Portfolio manager Caroline Loke started managing the Fund in 1 June 2018. Third-party rankings from rating publications are no guarantee of future investment success. Working with a highly rated advisor does not ensure that a client or prospective client will experience a higher level of performance or results.Alpha measures the excess return generated by the fund compared to the return of its benchmark. An alpha of 1.0 indicates that the fund has outperformed its benchmark by 1%.
4Size exposure data from Morningstar, as of 31 October 2020. Fund exposure is reflective of Share Class Y USD. Peer exposure refers to the average of all the funds in Morningstar’s Asia ex Japan Equity category. The Index refers to the MSCI AC Asia Ex Japan NR USD. The Fund’s active share is 85% as of 31 December 2020. Active share measures the difference between the portfolio’s holdings and its benchmark index. A portfolio that the replicates the index will have an active share of 0%, while a portfolio that invests wholly in stocks outside the index will have an active share of 100%.
5Morningstar, as of 31 December 2020. Upside and downside capture figures cited reflect performance over three, five, and 10-year periods. Upside Capture Ratio measures a manager's performance in up-markets relative to the index. A value over 100 indicates that a fund has outperformed the benchmark during periods of positive returns for the benchmark. Downside Capture Ratio measures the manager's performance in down-markets relative to the index. A value of less than 100 indicates that a fund has lost less than its benchmark when the benchmark has been in the red. Fund performance is reflective of Share Class Y USD. Peer performance refers to the average of all the funds in Morningstar’s Asia ex Japan Equity category. The Index refers to the MSCI AC Asia Ex Japan NR USD. Past performance does not guarantee future results.
Investment involves risks. Past performance is not indicative of future performance. Investors should refer to the offering documents for details, including risk factors. Unless otherwise noted, all information is sourced from PineBridge Investments internal data. This material is issued by PineBridge Investments Asia Limited, a company incorporated in Bermuda with limited liability, and has not been reviewed by the Securities and Futures Commission.
PineBridge Asia ex Japan Equity Fund (the “Fund”) is a sub-fund of PineBridge Global Funds, an Irish domiciled UCITS umbrella fund, authorized and regulated by the Central Bank of Ireland. PineBridge Investments is a group of international companies that provide investment advice and market asset management products and services to clients around the world. PineBridge Investments is a registered trademark proprietary to PineBridge Investments IP Holding Company Limited.
Material change to the Fund: From 31 December 1998 to 30 November 2011, the benchmark of the Fund was MSCI All Country Far East ex Japan Daily Total Return Net Index. With effect from 1 December 2011, the benchmark of the Fund was changed to MSCI All Country Asia ex Japan Daily Total Return Net Index. Such change was made because the Investment Manager of the Fund reasonably considers that such benchmark of the Fund’s indices have become the industry standard for the relevant exposure.
Morningstar Rating™ Source: Morningstar Essentials™. Copyright © 2021 Morningstar, Inc. All Rights Reserved. Morningstar Rating in the ASIA EX JAPAN EQUITY Morningstar Category. Morningstar Performance ratings shown reflect the share class performance shown unless noted otherwise. Source Benchmark Attribution: MSCI. MSCI makes no express or implied warranties or representation and shall have no liability whatsoever with respect to any MSCI data contained herein. The MSCI data may not be further redistributed or used as a basis for other indexes or any securities or financial products. This report is not approved, endorsed, reviewed or produced by MSCI. None of the MSCI data is intended to constitute investment device or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such.
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