Capabilities Equities

We deliver strong active and passive capabilities across an opportunity set that spans markets and styles.
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A comprehensive equity platform for evolving portfolio objectives

Institutional investors count on our proven approach to building differentiated equity portfolios across markets and investment styles.

High conviction

We seek to deliver our best ideas to clients through high conviction portfolios backed by our strong, active and passive capabilities and rigorous risk management approach.

Broad opportunity set

A globally diversified equity platform offering innovative, agile capabilities across regions, styles, and market capitalisations.

Experienced, empowered teams

Our strategies are managed by teams of seasoned professionals who have the independence to pursue alpha and are part of a collaborative culture that fosters sharing ideas.

$1T+ AUM

Our equity strategies platform manages more than US$ 1 trillion in global assets.1

20+ Locations

Our key market locations provide local knowledge and a global perspective.1

300+ Professionals

More than 300 investment professionals cover US, international, and emerging markets.1

Explore our equity approach

The opportunity in global equities

In the current volatile market environment, active management and generating alpha is important to generate positive real returns. Globally diversified, and without significant factor or style biases, our global equity approach is set up to navigate different investment environments.

  • Large opportunity set: The global investment universe enhances the opportunity set and benefits diversification.
  • Solid investment process: High conviction bottom-up approach with a clearly defined philosophy and a robust, repeatable process.
  • Risk mitigation: We aim to mitigate risk by rigorous fundamental research and granular analysis of accounting quality and balance sheets.

Why this approach?

  • Provides a core exposure to global equities
  • A globally diversified and valuation led equity portfolio approach which aims to deliver idiosyncratic alpha over the investment cycle. 
  • Investment philosophy with robust, repeatable investment process

The investment philosophy is simple: own superior businesses, with strong balance sheets, run by trusted and aligned managers…then you let the power of compounding do its job.

Underneath this simple philosophy lies a robust, repeatable process built to identify, assess, and incorporate suitable ideas into a diversified portfolio of around 50-60 holdings.

Risk management and mitigation

Risk management is embedded through every stage of the investment process, and we focus on mitigating downside risk by:

1. Rigorous fundamental industry and company research and

2. Granular analysis of accounting quality and balance sheets

Capturing opportunities in Asia

Asia remains the fastest-growing region in the world. By 2050, it could account for half of global economic output1 and by 2030 could be home to two-thirds of the world’s middle class2. This represents a large opportunity set for active investors like us.

• Experience: We have proven experience and a 20+ year track record in Asia and emerging market equities.

• Valuation-driven: We aim to buy companies for significantly less than our estimate of ‘fair value’.

• Diversification opportunities: Asian countries vary widely in economic structure and development experiences, providing ample investment and diversification opportunities.


1. Source: Asian Development Bank, Asia 2050, Realizing the Asian Century https://www.adb.org/sites/default/files/publication/28608/asia2050-executive-summary.pdf

2. Source: Bloomberg, 6 January 2025 https://www.bloomberg.com/opinion/articles/2025-01-06/asian-dream-is-waking-up-to-middle-class-reality

Why this approach?

We are contrarian investors, aiming to buy companies for significantly less than our estimate of ‘fair value’. We favour conservative balance sheets and invest with a 3–5-year time horizon.

• We ride the wave from contrarian to popular

We don’t chase the market to find new opportunities. As active investors with a contrarian approach, we buy and build positions in temporarily unloved stocks trading well below our estimate of fair value. We target a double-digit annualised return from each stock we buy, as we ride the transition from contrarian to popular.

• We believe that valuation is paramount

We believe that the most sustainable way to make money for clients is to buy companies for less than they are worth. Our valuation-led approach incorporates rigorous fundamental analysis, meaning we can identify the likely sources of mispricing and how our views differ from consensus. 

• We capture opportunities by focusing on the long term

We believe that share prices reflect fundamentals over time. Markets tend to overact to current events and underappreciate a company’s long-term prospects. By taking a long-term approach to investing, we’re able to capitalize on the market’s short-termism.

Capturing opportunities in global emerging markets

Emerging markets offer investors a world of untapped potential. Home to most of the world’s population, they’ve outpaced developed markets in terms of economic growth for years. And yet, they remain significantly underrepresented in many equity portfolios.

• Untapped potential: Emerging markets have transformed significantly and emerged as hubs for innovation, entrepreneurship, and growth.

• Diversification opportunities: Emerging market countries vary widely in economic structure and development experiences, providing ample investment and diversification opportunities.

• Valuation-led investing: We seek to capitalise on market inefficiencies through fundamental analysis to determine a stock’s real value.

Why this approach?

We are contrarian investors, aiming to buy companies for significantly less than our estimate of ‘fair value’. We favour conservative balance sheets and invest with a 3–5-year time horizon.

• We find opportunities in unloved areas

As active investors we have a contrarian approach. We don’t take the consensus view, rather we focus on temporarily unloved areas of the market to look for new ideas. Markets often overact to short-term news and place undue influence on current trends. We seek to exploit these market inefficiencies.

• We are valuation-driven

Buying when valuations are lower typically leads to better subsequent returns for investors. We buy undervalued stocks that are trading well below their fair value. We use fundamental analysis focusing on balance sheet health, profitability, cash flow dynamics and accounting quality to gain an idea of a company’s fair value and future earnings growth. 

• We capture opportunities by focusing on the long term

We believe that share prices reflect fundamentals over time. Markets tend to overact to current events and underappreciate a company’s long-term prospects. By taking a long-term approach to investing, we’re able to capitalize on the market’s short-termism. 

Latest insights

Meet the team

  • Mike Shiao, Chief Investment Officer, Asia ex Japan, Invesco

    Mike Shiao

    Chief Investment Officer, Asia ex. Japan, Invesco

  • william-yuen

    William Yuen

    Investment Director

  • Chris Liu

    Chris Liu

    Senior Portfolio Manager, China A-shares

  • Elton Cheung, Associate Director, Investments

    Elton Cheung

    Head of Greater China Equities

  • Corinna Lau

    Corinna Lau

    Client Portfolio Director, Asian Equities

  • Fiona Yang

    Fiona Yang

    Fund Manager, Invesco Asia & EM Equities

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