Concentrated Asia Small Cap (CASC)
API’s Concentrated Asia Small Cap (CASC) strategy invests in smaller companies in the Asia region. The 40-60 stocks are selected from a universe of over 2,500 securities and possess a superior combination of API’s preferred value, quality, and momentum factors. We verify the quantitative results with sensible fundamental analysis. An active risk target of 4-5% pa to the strategy benchmark, MSCI All Country Asia Small Cap, means we expect periods of significant deviation from benchmark returns.
Given the increasing role of government in Asia Pacific economies we believe that smaller companies are more dynamic and less likely to make decisions on capital allocation for political reasons.