Losa Mak

HSBC-GAM HK’s investment approach combines top-down asset allocation with bottom-up sector and security selection and is primarily based on the range of funds managed within the parent group. Research is shared within HSBC. The firm manages country specialist equity funds, focused on Asian countries including China and India, seeking to invest in companies with growth potential, a competitive edge on export markets, quality management, a favorable regulatory environment and access to low-cost labor and raw materials.

HCM-HK is an investment specialist with a long-term outlook and a research-oriented decision process. They define their activity as 'fundamental active investment'. Decentralization is at the center of the firm's investment approach, and they occasionally follow a contrarian investment philosophy. Extensive fundamental analysis aims at identifying mispriced stocks on Asian markets and informs the bottom-up investment process. The investment decisions are made by small focused teams and do not follow any particular investment style. The firm specializes in Asian markets, across a variety of asset classes and strategies. Teams in the Hong Kong office focus on Asia ex-Japan equity, managing regional and country portfolios. The Asia ex-Japan portfolio management unit is based in Hong Kong, as is the Asian fixed-income team. HCM-HK's India equity fund is weighted in industry, resources, technology, and consumer goods. Their China equity fund focuses of consumption growth and is weighted in industry, energy and resources, insurance and consumer sectors. The firm also advises a BRIC fund and a global emerging markets fund.