At Fullerton, our investment philosophy is grounded in the belief that while markets are efficient in the long term, there exist inefficiencies in the short to medium term, where we can identify investment opportunities. Through active management, we leverage these opportunities to create value for our clients. We believe a diversity of investment perspectives is key to achieving superior risk-adjusted returns over the long term. These perspectives are always grounded in rigorous fundamental-driven research, as well as in-depth market and sector understanding.

 

Equities
 
Fixed Income

Our equities team believes in growth investing through a bottom-up, total return approach. With an investment style centered on Growth principles, we believe that earnings growth is the long-term driver of stock price performance and therefore aim to invest in growth companies with proven track records or growth potential which has been underestimated by the market. This is best accomplished through our disciplined investment approach, based on comprehensive bottom-up research and deep understanding of the companies and markets we invest in.

We believe that investment conviction, not index weights, should be the criteria for including a stock in the portfolio. Although not benchmark focused, we are conscious of the active bets we take. We are unafraid of taking large decisive positions when they are underpinned by sound, fundamental research. As a result, the strength of our convictions is reflected in the size of our active positions. 

 

Fullerton's fixed income team believes in active management, that is grounded in a robust and disciplined investment approach. We believe that careful, in-depth credit selection is the key to generating alpha and maintain a strong valuation discipline when investing in our fixed income portfolios. Our investment process is a combination of top-down macro research driving interest rate management, currency and sector allocation; as well as bottom-up analysis for credit selection and yield curve positioning.

We believe that this top down-bottom up investment approach provides the best opportunities for achieving superior risk-adjusted returns over the long term. Our managers’ in-depth knowledge, familiarity with their respective markets and frequent interaction with other asset teams, also give us an edge in crafting superior credit strategies for our clients.

 

Multi-Asset
 
Alternatives

The Multi-Asset team is tasked to stay on top of global macro and market trends, and to assess implications for policies and investment strategy. We strive to be insightful and disciplined, and contribute our views to Fullerton’s Investment Committee. Our investment framework emphasises fundamentals, valuations, dynamics and technicals. 

The Multi-Asset team offers customised investment solutions to clients  that meet their specific objectives and constraints. Even as we focus on generating returns, we maintain a strong focus on downside risk management. Allocation is a key determinant of portfolio returns and we provide investment strategies where the allocation decision is central to our investment process. As risk is multi-dimensional in nature, we use risk management analytics to measure and actively manage portfolio risk. Strategy diversification is necessary to deliver stable returns and we use multiple investment engines to construct a multi-asset portfolio. 

 

The Alternatives team believes that markets contain inefficiencies that can be exploited by alternative investment strategies. We believe the diversity and depth of Asian markets provide rich sources of alpha, and focus on investments that have good asymmetric risk reward to capture the best opportunities based on our continuous assessment of market environment. We believe that open architecture operating model ensures the selection of best in class investment expertise to execute our preferred strategies..

The vast experience and diverse backgrounds possessed by our team (across equities, bonds, derivatives, quantitative research, commodities and currencies) aptly position us in our analysis of different hedge fund strategies. Our access to global managers resulting from our heritage and deep experience in covering global hedge funds, while a keen familiarity with Asian hedge fund managers is another edge we possess.