The Aberdeen Group Overview. Second quarter Discover the thinking behind our success

Transcription

1 The Aberdeen Group Overview Second quarter 2016 Discover the thinking behind our success Aberdeen Asset Management is a global asset manager with 38 offices across 25 countries and around 2,800 staff overall. As an independent operator, without the distractions of other financial services activities, we are able to devote all our resources to doing one thing well asset management. We only manage assets for third parties, which helps reduce conflicts of interest. We uphold simple investment processes and dislike needless complexity in our investments, products or communications. Above all, we take pride in original thinking and a long-term approach. aberdeenasset.com.au

2 Teamwork is our strength Our expertise Emphasis on research We believe in choice. Our investment capabilities embrace three main asset classes: equities, fixed income and property. In addition, we run alternatives portfolios, multiasset and quantitative strategies within our solutions group. The key traits are: Equities: Intensive first-hand research emphasising quality companies at the right price always with the aim of holding them for the long term. Property: Active management, top-class research and a local presence are the means by which we add value, with the same rigorous approach applied regardless of sector or location. Solutions: In-depth proprietary research, with our multi-asset and specialist alternatives teams (including infrastructure, multi-manager hedge, private equity and property funds) also drawing on expertise across the Group. Group AUM by asset class Fixed income: Fundamental approach characterised by economic and credit research combined with active risk management that reflects asymmetric credit returns and need for diversification. Solutions Equities Fixed Income Property Total 43% 27% 23% 7% $549.7bn Source: Aberdeen Asset Management, 31 March 2016

3 We know Asia More than 20 years of investing Having first invested in Asia from the UK in 1985, our Singapore office opened in It is now the hub of a regional business that spans 14 offices in ten markets. Today we have 45 equity managers operating from Singapore, Sydney, Kuala Lumpur, Bangkok, Hong Kong, Jakarta and Tokyo. We also have a large Asia Pacific fixed income team. This comprises macro and credit specialists who cover the region s dozen or so fixed income and currency markets, from Australia to China. Plus we run Asian fund of property funds, mainly for non- Asian investors, and have a nascent multi-asset arm. Number of staff: 504 Assets under management: $100.4bn Bangkok Hong Kong Shanghai Seoul Tokyo Taipei/Kaohsiung Kuala Lumpur Singapore Surabaya Bandung Jakarta Sydney Melbourne Source: Aberdeen Asset Management, 31 March 2016

4 Group assets by client Insurance Open-ended funds Pension funds Other institutional Closed-end funds Central banks, government agencies 44% 25% 15% 9% 6% 1% Regional strength of investment professionals Asset class Investment professionals in Asia Equities 45 Fixed Income 31 Property 3 Solutions* 17 Total 96 Our fund distributors include insurers, financial advisers, commercial and private banks (selling mainly to offshore investors) across eight countries. We also manage assets on behalf of institutional investors in Asia and worldwide. As befits pioneers in Asian equity investment, we now have one of the biggest and bestresourced teams in the region. In recent years our expertise has broadened into other asset classes, and we cross-sell products globally. Source: Aberdeen Asset Management, 31 March 2016 * Aberdeen Solutions includes infrastructure, multi-asset, private equity and indirect property teams

5 Our culture Investing need not be complicated At Aberdeen we value plain-speaking and common sense. You should find our products straightforward and easy to understand. We are fundamental investors, meaning we aim to identify the company characteristics that markets will reward over time. The bedrock of our approach is proprietary research. We buy only what we know first-hand. Star fund managers may make headlines but we find a team-based approach improves decisionmaking, ensures a proper audit trail and promises more stable returns over time. An emphasis on transparency is also crucial to our investment process; so is the result. We aim to outperform benchmarks through skill, not luck. Whereas much of our industry is focused on quarterly or half-yearly returns, as true active investors we accept periodic under-performance of benchmarks as the price of out-performing over the long term. Putting customers first There s no right way to invest. But we ve found there s an information advantage in understanding global markets from the local level up, with investment and client service staff based in or near the territories in which we invest. Our over 750 investment professionals in 25 countries provide a complete picture of financial market trends, risks and opportunities. They work in close-knit teams within clearlydefined risk parameters. Every portfolio decision must be accounted for. We package our expertise as segregated or pooled products. In every case we aim to grow assets in a sustainable way. Becoming a reliable long-term investment partner is our aim. Clients span central banks, national and corporate pension funds, sovereign wealth funds and other investment institutions, plus intermediaries managing money for individuals.

6 Simply asset management Our brand promise Aberdeen is the name of our home city in Scotland, UK. Even after 30 years of growth we retain a very Scottish accent not just through our offices there but because of our careful investment approach. In recent years the Aberdeen brand has become more visible globally as we invest to raise our profile with distributors and their clients. Our corporate strapline is simply asset management, an assertion of our investment focus, down-to-earth attitude and promise of clear communication with clients, consultants, shareholders and the general public. aberdeenasset.com.au IMPORTANT INFORMATION Issued by Aberdeen Asset Management Limited ABN AFSL No in June Information is based on sources believed to be reliable, and all opinions expressed are honestly held as at the applicable date. Information is of a general nature only and is not intended to provide investment or personal financial product advice. Aberdeen does not provide any warranty of accuracy or reliability in relation to such information and does not accept any liability to any person who relies on it. This material has been prepared without taking into account the particular objectives, financial situation or needs of any investor, so it is important that before acting investors should consider its appropriateness, their own circumstances, objectives and financial situation and consult a financial and/or tax adviser. You must not copy, modify, sell, distribute, adapt, publish, frame, reproduce or otherwise use any of this material without the prior written consent of Aberdeen. All figures are in Australian dollars and are as at 31 March Contact us Telephone: or (if calling from outside Australia) client.service.aust@aberdeen-asset.com aberdeenasset.com.au