基金经理Kenneth Ng和他的合作伙伴John Thompson，在亚洲到南部的中国北方到印度尼西亚的亚洲地区，经常在亚洲访问公司。基于NG和汤普森的曼谷的基础基金管理精品店于十年前侧重于低估的小型公司，但却具有强大的基础知识 - 其他投资者和经纪分析师“尚未发现”，NG说。
寻找许多这些业务，NG，汤普森和NTASSET（Cayman）的其他经理每月克莱士交叉的地区;他们在过去十年中对公司的访问量超过了1,800次访问。这些努力已经支付：NG的7亿美元NTASIAN Discovery基金班级A 9月30日止十年平均年度回报率为14％，几乎三倍于同期的MSCI Asia Ex日本指数在同期交付的5.43％。NTASIAN Discovery的两位数性能拱顶将长途管理员到亚洲前日本股权基金的亚洲亚洲股票中的图表顶部亚博赞助欧冠s亚洲投资管理奖for 2016.
“我们仍然乐观对人口统计数据和持续改善本地区的自由裁量收入，并在管理层中继续看到稳定的机会，尽管有高竞争力的市场和可用的廉价资金，但仍然能够产生额外的返回。”NTASIAN Discovery取得成功的关键是发现“能够在内部产生的现金流量增长的强力资产负债表公司”，并实现了强大的资本回报，他断言。
一家这样的公司雅加达上市建筑陶瓷制造商Arwana Citramulia，过去十年的返回率为NTASIAN Discovery。尽管在全球范围内对增长造成了向下压力，但NG会看到亚洲恢复势头。“我们可以期待在过去两年艰难后看到一些恢复迹象，因此期望在我们看的一些公司中看到加速收入增长和扩大利润率，”他说。
Ng isn’t the only leader in our ranking who shares that view. In the face of rising global uncertainty and downward pressure on growth, many Asia fund managers remain cautiously optimistic. They see rising consumption by the region’s newly minted middle-class consumers — especially in China — as a key engine of growth for Asian capital markets, driving them to outperform their peers elsewhere for some time to come.
我们的排名列出了整个地区的顶级表演者，并在9月30日跨越所有主要资产课程。结果基于Morningstar提供的数据，涵盖了26,870个以亚洲以12.5万亿美元的综合资产为基础。
中国的资本市场是亚洲最大的，三大证券交易所：上海，香港和深圳。该国的股市较为10万亿美元的资本化差别仅为美国的股票市场，其总市场上限为25万亿美元。
Qiu Dongrong, a fund manager at Shanghai-based HSBC Jintrust Fund Management Co., says he’s optimistic about China’s stock markets in the year ahead. Qiu plans to use the same value investment strategy that helped his $175 million HSBC Jintrust Large Cap Equity A fund gain an annualized 29 percent for the three years ended September 30. It was the top performer among yuan-denominated equity funds during that period.
Qiu’s performance is a feat given that China’s stock markets suffered a massive rout in the summer of 2015, dropping by almost 50 percent between July and October, forcing the government to spend as much as $300 billion to shore up collapsing prices and prevent a systemic crisis. Shares have yet to recover.
“We believe A shares, the ones that make up the CSI 300 Index, remain undervalued and have significant room for growth in the coming year,” Qiu says, referring to stocks listed on China’s two mainland exchanges. He expects continued economic restructuring in China, with more mergers of state-owned enterprises delivering financial dividends as many listed companies see less competition and rising profits. HSBC Jintrust, a joint venture between HSBC Holdings and Chinese asset manager Shanxi Trust and Investment, manages 14.8 billion yuan ($2.1 billion) in assets.
Wei Li, manager of Beijing-basedHarvest Fund Management Co.一项基金的货币市场表示，她将在未来一年保持警惕，因为国内和全球宏观经济基础知识的不确定性。她承认，中国面临着下行的增长压力，并补充说，国家的央行可能会提高流动性并保持相对较低的利率。
鉴于许多此类资金通过投资银行间票据进行回报，这些宏观问题对中国货币市场基金的影响将是重要的。“我们在市场上密切关注市场，并将专注于投资借鉴最高率的乐器，但同时呈现最低的风险，”魏说。她的警告服务了她良好的服务：12亿元的货币市场，基金在过去十年里获得了3.5％的年度，使其成为中国货币市场基金部门的领导者。
China has also proved important to global investment firms. Bin Shi, Hong Kong–based manager of the UBS (Lux) EF Greater China (USD) Fund at UBS Asset Management, says he has focused on buying the shares of industry leaders and holding on to them regardless of market volatility. That strategy helped Bin’s $383 million fund soar 27 percent in the 12 months through September 30 — a remarkable achievement considering the previous year’s 50 percent stock plunge. UBS (Lux) EF Greater China was the top performer among U.S. dollar–denominated funds invested in A shares.
Bin says his fund differs from its peers in several ways. “Firstly, we are benchmark-agnostic,” he says, adding that he isn’t driven by benchmark weightings. “Rather, we focus on identifying long-term winners early on in their business cycle. Secondly, we do in-depth proprietary research to estimate the fundamental value for stocks, so we don’t rely so much on sell-side research.”
他们是否头向上或向下,中国的股票市场s will only get more exciting in the next 12 months. Regulators just launched Shenzhen–Hong Kong Stock Connect, a program that gives investors in Hong Kong and Shenzhen mutual market access. This link follows on a program bridging the Hong Kong and Shanghai exchanges that kicked off in late 2014. The newest Stock Connect program, which launched in early December, paves the way for foreign fund managers to gain much greater access to mainland-listed stocks, bypassing previous quotas that limited their participation.
宾馆指出，深圳证券交易所占据了从事电子商务和其他新型经济部门的许多快速发展的中国公司。“实际上，中国股票总市场价值的70％以上，在香港的85％上将对海上和陆上投资者开放，”他说，指出更多对中国股市的进入增加了odds that A shares will win inclusion in MSCI’s benchmark indexes in the coming year.
Japan is home to Asia’s second-largest capital markets. Japan Exchange Group, which controls the merged Tokyo and Osaka stock exchanges, has a market cap of $4.4 trillion. Daisuke Nakayama, Tokyo-based manager ofJ.P.摩根资产管理sJapan fund, says the ¥76 billion ($668 million) fund has focused on a range of strategies, including investing in companies that capitalized on emerging-markets growth in the run-up to 2007, in Internet and other technology businesses between 2007 and 2012, and since then in companies benefiting from the quantitative easing implemented under Prime Minister Shinzo Abe. The fund delivered an average annual gain of 8.6 percent in the past decade, beating all equity fund rivals with assets of more than $100 million.
“随着美国经济继续发展，我们预计全球经济将继续恢复，”纳塔山说。“日本公司的每股收益将得到利率的触及和随后的日元贬值来支持。虽然我们涉及可能的事件风险，但我们的基础方案是日本股票市场将保持上升趋势，平衡风险耐受性和稳定性。“
日本以其房地产投资信托而闻名。他们中间的主要是野村J-REIT基金，过去十年中的年度回报率为8.6％，扼杀了所有竞争对手。Nomura Asset Management的首席投资组合经理Ikuya Kurikawa表示，¥1990亿日元通过投资低估的性质，并避免昂贵的资产超出合理的市场水平。KURIKAWA对2017年充满信心，预测日本尽管一些投资者之间的悲观表现令人悲观，日本可以保持适度的增长水平。
“As for the fundamentals of the Japanese real estate market, we can see rent increases not only in urban districts of Tokyo but also in other major regional cities,” he says. “We prefer names that could provide stable rent income and dividend growth. At the same time, we pay attention to vacancy rates of holding properties and dividend yields carefully.”
印度为全球投资者表示巨大的承诺。七十六百万美元的印度斯图尔特亚洲的第一个州印度次大陆II基金的经理Vinay Agarwal已经维持了过去十年的12.9％的年度申报表。
“We look for founders and management teams that have high governance standards, with whom we feel aligned as shareholders,” Agarwal says. “Typically, we like franchises that have the ability to deliver sustainable returns comfortably in excess of their cost of capital and achieve predictable growth.” The fund, which manages $257 million, takes the top spot among equity funds invested in India for the past ten years.
With the Bombay Stock Exchange and the National Stock Exchange of India, the country’s combined market cap already tops $3.2 trillion, not far behind Japan. “India has powerful long-term tailwinds, favorable demographics, and rising levels of income, which should underpin growth for the coming decades,” Agarwal says. “The quality of top management teams is second to none, and the best companies have built huge barriers to entry by competing against world-class rivals.”
富达印度尼西亚y-acc USD基金已经提供了过去十年的年度返回的年度返回，所有竞争对手占据了所有竞争对手。总部位于新加坡的投资组合经理Gillian Kwek表示，它表示通过专注于印度尼西亚中产阶级上涨的投资来突出。其目标部门中的职位是电信和消费者的钉书钉。“我在即将到来的印度尼西亚对印度尼西亚保持积极态度，”Kwek说。“过去的一年已经看到政府执行能力改善。”
One key improvement is a corporate tax amnesty that will encourage companies to repatriate earnings from abroad. As more funds return, the government will be able to invest more in infrastructure such as roads, bridges, and transit, making the economy more efficient and stimulating longer-term growth as transportation bottlenecks disappear, Kwek explains. Although valuations in Indonesia aren’t cheap, the corporate sector is expected to achieve double-digit earnings growth in 2017, she says: “That would make itone of the fastest-growing markets in Asianext year.”
2016年亚洲投资管理奖获奖者| 基金类型 | 基金名称 | 一年 返回* |
基金名称 | 三年 返回** |
基金名称 | 十年 返回** |
| 中国股权（元） | Bosera CSI Gold Wash Large 100 Index A Fund | 41％ | 汇丰银行大型股等基金 | 29％ | Industrial Global View Securities Investment Fund | 14% |
| China equity (USD) | UBS (Lux) EF Greater China (USD) P Fund | 27% | UBS (Lux) Institutional II China A Opp UX Fund | 16% | Goldman Sachs China Institutional Voting Acc USD Fund | 14% |
| China Fixed Income (Yuan) | 中国AMC国际债券QDII人民币a | 18％ | Bosera Market Bond A / B基金 | 29％ | 银河收入基金 | 12.6％ |
| China Money Market (Yuan) | Penghua Anying Bao Moneymarket Fund | 3.4% | Changsheng Money Market Fund | 4.1% | 收获金钱市场基金 | 3.5% |
| India Equity (USD) | BMO LGM Greater India E USD Acc Fund | 17.6% | Kodak India Mid Cap A USD Acc Fund | 33% | First State Indian Subcontinent II Fund | 12.9％ |
| India equity (Rupee) | DSP Blackrock Small和Midcap Reg Gr | 48% | DSP BlackRock Micro Cap Reg Gr | 52％ | Reliance Pharma Gr | 22% |
| Malaysia equity (Ringgit) | Affin Hwang选择机会 | 12% | Kenanga Growth | 14% | Kenanga Growth | 17％ |
| 马来西亚固定收益（林吉特） | Public Islamic Bond | 7.6% | AMB Dana Arif | 5.1% | Public Islamic Bond | 5.6％ |
| 亚洲ex-Japan equity (USD) | DFA Asia Pacific Small Company Fund | 29％ | Matthews Emerging Asia Institutional Fund | 13.6％ | NTAsian Discovery Fund Class A | 14% |
| 亚太固定收益（USD） | KB我的计划长期政府债券大师 | 6.5％ | KB我的计划长期政府债券大师 | 7.2％ | Mirae Asset Retirement Plan Master Bond | 6% |
| Hong Kong Equity (HKD) | Schroder ISF Hong Kong Equity I | 17.6% | Schroder ISF Hong Kong Equity I | 5.3% | Schroder ISF Hong Kong Equity I | 10.6% |
| Hong Kong Equity (USD) | 第一个州香港增长III | 18.5％ | Manulife GF Dragon Growth A | 5.5％ | 第一个州香港增长III | 11.4% |
| 印度固定收益（卢比） | ICICI Pru Gilt Treasury PF Gr | 14.7% | ICICI PRU GILT INVESTMENTS PF GR | 14% | ICICI PRU GILT INVESTMENTS PF GR | 10.8% |
| Indonesia Equity (USD) | 保真度印度尼西亚y-acc USD | 54.5％ | 保真度印度尼西亚y-acc USD | 6% | 保真印度尼西亚y-inc。美元 | 11% |
| Indonesia Equity (Rupiah) | Panin Dana Maksima | 40％ | Schroder Dana Prestasi Plus | 12.7％ | Panin Dana Maksima | 21.5% |
| Japan Equity (Yen) | Daiwa日本股权Stratalpha三重申报基金 | 27.6% | Sparx新国际B芯片日本股票基金 | 19％ | JPM日本 | 8.6% |
| Japan Equity (USD) | Hennessy Japan Institutional | 29％ | 亨德森地平线日本小公司 | 13.5％ | N / A. | — |
| Japan Fixed Income (Yen) | Nomura Japan Bond Open Sma | 5.5％ | AM One DLIBJ Bond Open Mid-term | 3.2% | AM One DLIBJ Bond Open Mid-term | 2.5% |
| Japan REIT (Yen) | SMTAM J-REIT基金 | 13.8％ | Nomura J-Reit基金 | 12% | Nomura J-Reit基金 | 8.6% |
| South Korea Fixed Income (Won) | KB我的计划长期政府债券 | 6.6％ | KB我的计划长期政府债券 | 7％ | Mirae Asset Retirement Plan Master Bond | 6% |
| South Korea Equity (Won) | Hanwha Smart Index Master Equity | 10.3% | Mirae资产增长中小型大师 | 13.4％ | KB My Plan Dividend Equity Master | 16% |
| 新加坡股权（新加坡元） | Aberdeen SP Singapore Equity | 6.5％ | Schroder新加坡信任1 | 2.5% | Schroder新加坡信任1 | 6.3％ |
| Singapore Equity (USD) | Aberdeen SP Singapore Equity | 11.3% | N / A. | — | Aberdeen SP Singapore Equity | 6.2％ |
| 台湾股权（新台币） | 首都OTC. | 22.8％ | Allianz全球投资台湾 | 16.7% | UNI总统资产管理质量增长基金 | 9.7% |
| 台湾股权（USD） | JPM台湾C（DIST）USD | 23.8％ | Schroder ISF台湾股权 | 10% | Schroder ISF台湾股权 | 9.4% |
| Thailand Equity (Baht) | CIMB-Principal Energy Petrochemical Index Fund | 26.8% | Bualuang前10名 | 8.7% | Bualuang前10名 | 15.8% |
| 泰国股权（USD） | Templeton Thailand W (ACC) USD Fund | 28% | Templeton Thailand W (ACC) USD Fund | 5.2% | JP摩根泰国（ACC）USD基金 | 14.7% |
| *列出的所有资金管理至少1亿美元。退货截至2016年9月30日。 **年度化 |
Source: Morningstar. | |||||