Colonial First State (CFS) has appointed Robeco for a high-conviction, unconstrained, Asian equities mandate that integrates sustainability in its investment process.
Stephen Dennis, head of Robeco Australia, said: “The philosophy of the Asian Stars equities strategy is to invest in Asia’s best. The focus is on the most attractive investments in this exciting growth region. CFS’s equities mandate leverages Robeco’s local resources in China and India, and offers a high-conviction, high-alpha portfolio of around 30-60 stocks.
“Robeco’s wide range of global and regional emerging markets strategies build upon decades of experience, with a dedicated global emerging markets team since 1994.”
The equities mandate will be managed by Robeco’s Asia Pacific Equities team located in Hong Kong and Shanghai. The team currently consists of nine portfolio managers, three research analysts, an operational portfolio manager and an engagement specialist.
At the end of June 2019, the team had $AUD10.5 billion in assets under management in six strategies in Asia-Pacific Equities, Pacific (Developed) Equities, Asia ex-Japan Equities, Chinese Equities, Chinese A-share Equities and Indian Equities.
Scott Tully, general manager of investments at Colonial First State, said: “Colonial First State’s FirstChoice Asian Share Portfolio has a 12 year track record of generating strong returns by investing in the Asia Pacific region. We see Robeco as a high quality investment manager that complements the other managers in our portfolio and will ensure we are well placed to deliver for our members.”