Last week was the first issue of the Asian Idea Generator Weekly, which aims to filter the 30,000 stocks Asian investment universe for under-covered investment opportunities. This week, I continue with the search for Asia-listed ideas in the following three categories: 1) piggybacking the trades of institutional investors and insiders; 2) quantitative screens; and 3) proxies for secular investment themes.
In the prior week, I wrote about Mark Mobius and the Mobius Emerging Markets Fund that he manages, and the Fund's Chinese movie play. This week, I look to Terry Smith, who runs U.K.'s largest mutual fund, Fundsmith Equity Fund, for inspiration. Between November 2010 (fund inception) and May 2019, Terry Smith's Fundsmith Equity Fund returned +341.2% compared with +153.2% for the MSCI World Index (£ Net) over the same period.