Effective investment processes
To invest effectively on behalf of customers, AT Asset Management (Asia-Pacific) Ltd believes that it is essential to have the right processes.
AT Asset Management (Asia-Pacific) Ltd's stock selection is done on a company-by-company basis. Although the team generally invest in minority stakes in companies, they are as rigorous in selecting stocks as they would be if they were intending full ownership.
Anthony Muh and his team select quality companies that are fundamentally mis-priced or undervalued, under researched companies with good fundamentals, or quality companies suffering from a short-term earnings shock. From their point of view, companies with intrinsic value are those that offer the potential for strong long-term cash generation.
AT Asset Management (Asia-Pacific) Ltd seeks out four types of company:
- Deep Value: Quality companies that are fundamentally undervalued.
- Hyper Growth: Companies in the early/middle phase of a super growth cycle.
- Fallen Angels: Quality companies suffering from a short term earnings shock.
- Undiscovered Gems: Under researched companies with good fundamentals.
Alliance Trust Asset Management Limited is authorised and regulated by the Financial Services Authority. AT Asset Management (Asia-Pacific) Limited is licensed and regulated by the Hong Kong Securities and Futures Commission and is the Investment Manager of the Premier Alliance Trust Investment Funds, which is authorised for sale to investors in the UK by the Financial Services Authority. Premier Portfolio Managers Ltd is the Authorised Corporate Director of the Premier Alliance Trust Investment Funds.