The Phillip Asia Pacific Growth Fund Is Top Asia Pacific Equity Fund Over 10 Years - Fund Manager sees growth in Japanese equities
Singapore (23 March 2010) - The Phillip Asia Pacific Growth Fund has emerged the winner as the Best Fund over 10 Years - Equity Asia Pacific category in The Edge-Lipper Funds Awards 2010. This award brings the total awards under Phillip Capital Management's belt to 26. In terms of fund performance, the Phillip Asia Pacific Growth Fund (in Singapore dollar basis) delivered an annualised return of 13.4% over the last 10 years and an absolute return of 107.8% since its inception in 1995. Comparatively, the MSCI Asia Pacific (including Japan) Index benchmark returned minus 19.7% over the same decade. The Edge - Lipper awards recognise and reward the best performing fund houses in Singapore and bring with them global recognition to asset and fund management professionals worldwide.
The fund manager's strategy to achieving consistent performance lies in its disciplined approach in investing. Phillip Capital Management's aim is to deliver absolute positive returns through active allocation among stocks, bonds and cash. In order to exceed clients’ risk-returns expectations, the Phillip Asia Pacific Growth Fund aims to achieve superior medium to long term performance by identifying pockets of market inefficiencies in countries or sectors where growth prospects are under appreciated, emerging trends and undervalued franchises. The fund is currently invested in Asia Pacific equities and will be increasing its investments weighting in Japan where it sees opportunities.
“We believe the key to consistent superior investment performance is identifying the true worth of an asset,” said Jeffrey Lee, Chief Investment Officer and Managing Director of Phillip Capital Management. “Buying what we know and focusing on the long term value of an asset is our investment strategy. We buy bull market businesses in bear markets such as the stock exchanges in the early 2000s like Osaka Securities Exchange, Singapore Exchange, London Stock Exchange and Deutsche Bourse.”
"Moving forward, we see good investment opportunities and growth in Japanese equities and may increase our weighting in Japan above 30% in the coming months," added Mr Lee.
This win is a testament to Phillip Capital Management's investment capabilities and strategies to deliver positive absolute returns to investors whose long term investment requirements are capital appreciation with stable returns.
Phillip Capital Management's investment process is characterised by the combined merits of top-down and bottom-up approaches where the top-down approach forms the basis of asset and geographical allocation decisions while the bottom-up approach encompasses the rigorous process of quantitative and qualitative analysis to determine absolute and relative attractiveness of the securities. All investment decisions are backed by extensive fundamental research conducted by the fund management team.
Phillip Capital Management, which also manages the largest Singapore Dollar registered Money Market Fund, has grown and expanded regionally with investment teams now based in Thailand, Malaysia, Hong Kong and Indonesia. The regional teams possess deep knowledge of their local businesses and their ability to invest with specialised knowledge adds value and returns to the portfolios of investors.
The fund is managed by Phillip Capital Management (S) Ltd and is the asset management arm of PhillipCapital. Phillip Capital Management (S) Ltd became an IMAS Regular Member and Capital Market Services (CMS) licence holder since 1999. With humble beginnings, its assets under management (AUM) grew from SG$54.7 million in June 2000 to SGD 660 million (as at February 2010). It has also expanded into other asset classes like Money Market Funds and Managed Accounts over the years and is currently a full fledged asset management firm that provides innovative and customized financial solutions and services to a wide spectrum of retail, private and institutional clients.
Currently, the Philip Asia Pacific Growth Fund is available through a list of distributors that can be found on www.phillipcapitalmanagement.com.sg
About Phillip Capital Management
Incorporated locally in September 1999, PCM is the asset management arm of PhillipCapital. PCM prides itself on its fund management expertise in unit trust management, discretionary account management and alternative investments. PCM’s clientele comprises of a broad spectrum of clients, ranging from institutional investors, corporations, high net worth individuals to retail clients. Stable long term returns have long been a defining characteristic of our equity and income funds, as demonstrated by our impeccable track records. PCM actively manages client monies with regards to tactical asset allocation and security selection with a strong emphasis on absolute positive returns. Believing that there are pockets of market inefficiencies, we strive in our role to constantly challenge conventional wisdom in the identification of emerging trends, underappreciated growth prospects and undervalued franchises.
About PhillipCapital
PhillipCapital is a group of companies which offers a full range of quality and innovative financial services to retail, corporate and institutional customers. PhillipCapital is an integrated financial services provider with more than 2,800 staff in Asia and Europe and total shareholders’ funds in excess of US$700 million.
We provide a comprehensive suite of financial services to individual and corporate investors as well as institutions. Our services range from fund management, unit trusts, hedge funds, insurance planning, mortgage loans, investment research and broking in bond, securities, futures, foreign exchange, precious metals and commodities. Institutions can also benefit from our corporate finance and advisory services as well as information technology solutions.
