After years of intense concentration on global equity markets, diversification and a differentiated view of individual regions are regaining importance. While the outlook for emerging markets is brightening, volatility in certain countries and sectors remains high. At the same time, selected developed markets with stable economic structures and proximity to raw materials are regaining importance. This environment calls for approaches that tap into growth in a targeted manner without losing sight of the stability of the overall portfolio.
This is precisely where the Belvédère Fund Asia Pacific + comes into play. It pursues an expanded regional approach by combining traditional emerging markets with selected developed markets. Countries such as Canada and Australia are underrepresented in many portfolios, even though they have stable economies, deep capital markets and close ties to global growth and commodity cycles. The combination creates an attractive building block that exploits growth opportunities while also having a stabilising effect.
The strategy is implemented using a balanced mix of active and passive instruments. Local expertise plays a key role, particularly in less efficient markets, while cost-efficient solutions are used where broad and liquid market segments facilitate access. This approach allows for differentiated selection and closes a strategic gap that is often overlooked in traditional emerging market allocations.
The Asia Pacific + Fund is aimed at investors who do not wish to view emerging markets in isolation, but rather as part of a broadly based, regional concept with the aim of combining growth and stability in a meaningful way.
Cédric Mattmann
Portfolio Manager, Belvédère Asia Pacific + Fonds
