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Top Asia Pacific small- and mid-cap managers revealed

Top Asia Pacific small- and mid-cap managers revealed

The Asia small- and mid-cap equity sector has been gaining traction on the Citywire Americas website over the past few weeks as readers have been searching for the top managers in this field.

So in light of this interest we have put together its top three best performing managers over the past three years. Only 24 managers have a track record over this period, with the average manager returning 58.75%.

Of these managers, 13 outperformed this average return. Here we highlight the top three within that group.

3. Elizabeth Soon – PineBridge Investments

3-year return: 88.82%

Fund: PineBridge Global Funds – Asia ex Japan Small Cap Equity

Rounding off our top three ranking is Citywire AAA-rate Elizabeth Soon, she has been running the $68 billion fund since 2008.

The Chinese territory accounts for half her fund, with Soon splitting this allocation between mainland China (25%) and Hong Kong (25%). Her next biggest country bet is India at 12.6%.

Industrials and consumer discretionary form the backbone of her sector bets, allocating around 23% to each theme in her portfolio. Among her top five holding we find technology group Largan Precision, cement producer Shree Cement and Domino’s Pizza.

2. Samuel Le Cornu/John Bugg – Macquarie IM

3-year return: 92.37%

Fund: Macquarie Asia New Stars

Unlike leader Pai, Citywire AAA-rated Le Cornu and AA-rated Bugg are currently favouring South Korea as it makes up almost 20% of its geographical exposure, with China not far behind.

Bugg has been running the strategy since 2009 and was joined on it by Le Cornu in 2011. Consumer discretionary is their main sector focus (23.5%) while healthcare and financials make up the remaining bulk of the portfolio at 14.2% and 13.4% respectively.

In their latest April update, the pair said ‘China remains the most undervalued market in Asia on most dimensions. The number of opportunities available allows investors to identify growth trends at different points of economic cycles.’

1. Husan Pai – HSBC Global Asset Management

3-year return: 95.19%

Fund: HSBC GIF Asia ex Japan Equity Smaller Companies

Topping the board in this sector is Citywire A-rated manager Husan Pai, who has been running his fund since 2006. He has subsequently been joined by Elina Fung and Alex Kwan who became his co-managers in 2012 and 2013 respectively.

The $423 million fund’s main focus is, unsurprisingly, China which accounts for 23.9% of its country allocation, followed by Taiwan (17.7%) and Hong Kong (16.8%).

Among the top holdings Pai has selected are real estate group China Resources Land, construction company Man Wah Holding and Singapore-based oil services firm Ezion.

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