Investment approach and experience

AT Asset Management (Asia-Pacific) Limited believes its investment approach offers real opportunities for investors who are looking to invest in the medium to long term. So what makes the company special? According to the investment team, it's all about getting the fundamentals right - that means being rigorous in their research, being true to their objectives and investment style, and having a process that leads them to select the right stocks.


An active investment style

AT Asset Management (Asia-Pacific) Limited's investment style is neither growth driven, nor value driven. Anthony Muh and his team create a portfolio by looking at a combination of value and earnings momentum factors that, in their experience, are consistent across market cycles.


Stock selection

Stocks are chosen on a company-by-company basis - and while AT Asset Management (Asia-Pacific) Limited generally holds minority stakes in companies, they are as rigorous as they'd be if they were intending full ownership. Key to this is selecting 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. For AT Asset Management (Asia-Pacific) Limited, intrinsic value comes from companies with strong long-term cash generation.


Team Experience

Although the funds to be managed by AT Asset Management (Asia-Pacific) Limited are new, Anthony Muh and his team have been managing the Asia-Pacific portion of the Alliance Trust PLC portfolio since April 2005.

As well as this, the team members have extensive experience of managing funds for other organisations: in fact, between them they have 79 years experience of working in the industry.