4Factor team

Asia ex Japan Strategy

Provides exposure to one of the world's major growth engines - Asia

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Featured insight

Deliberating EM equities

Emerging markets generate 58% of global GDP but represent just 9% of equity portfolios. To help investors unlock long-term value in the asset class, we share our latest ideas.

Strategy overview

Investment Approach
We seek to combine fundamental research with insights derived from our machine learning alpha model to unlock alpha, while considering sustainability without bias

Investment Opportunity
Core solution for Asian equity exposure

Investment Universe
Invests in Asian equities excluding Japan

Target Return
Outperform the performance comparison index (net of fees) over a full market cycle

Charlie Linton
Portfolio Manager
Wenchang Ma
Portfolio Manager

The role the strategy can play in portfolios

All-weather core exposure to Asian ex Japan equities

Provides core exposure to Asian equities in a portfolio with balanced exposure to growth, quality, value, and momentum through the cycle

Long-term risk adjusted alpha profile

Offers potential for consistent excess returns through focus on bottom-up stock selection without taking excessive risk

Diversification

A differentiated alpha footprint that complements passive and/or style-based exposures; offers geographic diversification in non-US exposure

Investment Philosophy

01

We believe markets are inefficient due to behavioural biases

02

These inefficiencies generate diverse alpha opportunities across investment styles

03

Combining fundamental insight with quantitative analysis is the optimal way to unlock alpha

Performance

Portfolio & Holdings

Date as of 30/04/2026
Strategy
Index
China*
26.2
South Korea
23.7
Taiwan
18.6
India
13.1
Hong Kong
5.2
Thailand
2.4
Australia
2.3
United Kingdom
1.8
Singapore
1.6
Malaysia
1.5
Indonesia
Philippines
Cash
3.6
*Offshore and/or Mainland
Based on a related portfolio within the strategy with substantially similar objectives, policies and strategies as those of the services being offered. The portfolio may change significantly over a short space of time. This is not a buy, sell or hold recommendation for any particular security. For further information on Indices and Specific Portfolio Names, please reference the sections here.

Why Ninety One for Asia ex Japan Strategy

01

Managed by a specialist team with a long track record of investing in emerging markets

02

Underpinned by the consistent and compelling 4Factor investment process developed in 2000

03

Fundamental investors, harnessing technology

Strategy literature

Key facts

  • Asset Subclass

    EM Equity

  • Currency

    USD

  • Inception date

    01/08/2000

  • Team

    4Factor team

  • Geographical Focus

    Emerging Markets

  • ESG Classification

    ESG Integration

  • Comparative Benchmark

    MSCI AC Asia ex Japan NDR (pre Mar-08, MSCI AC Far East ex Japan NDR)

Contact our client service teams.

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The content of this website is made available for informational purposes only and should not be construed as an offer, marketing, solicitation or investment advice with respect to any investment products or services. The website has not been reviewed or approved by any regulatory authority and may contain information with respect to investments products that may not be registered in some jurisdictions.

Although we believe any information obtained from external sources to be reliable, we have not independently verified it, and we cannot guarantee its accuracy or completeness (ESG-related data is still at an early stage with considerable variation in estimates and disclosure across companies. Double counting is inherent in all aggregate carbon data).

Any decision to invest in the Strategy described should be made after reviewing the offering document and conducting such investigation as an investor deems necessary and consulting its own legal, accounting and tax advisors in order to make an independent determination of suitability and consequences of such an investment. This material does not purport to be a complete summary of all the risks associated with this Strategy. A description of risks associated with the Strategy can be found in the relevant offering or other disclosure documents where applicable. Copies of such documents are available upon request.

Additional information on our investment strategies not found here (ninetyone.com/-/media/documents/miscellaneous/91-further-information-en.pdf) may be provided on request.

For more information on our Ninety One ESG Classification, please click here