VALUATION OPPORTUNITIES Invesco Asian Equity Fund

An active fund of around 60 companies across Asia ex Japan derived from bottom-up analysis with a tight focus on valuation and a contrarian mindset at the point of purchase.
Why this fund?
Group of Asian businesspeople looking at city skyline

Capturing opportunities in Asia

Asian equity markets offer exposure to the region’s strong economic growth potential, favourable demographics, increasing technological innovation, attractive valuations, and significant diversification benefits for a global portfolio.

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.

Why this fund?

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 focussing 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.

  • For complete information on risks, refer to the legal documents. The value of investments and any income will fluctuate (this may partly be the result of exchange-rate fluctuations) and investors may not get back the full amount invested. As a large portion of the fund is invested in less developed countries, you should be prepared to accept significantly large fluctuations in the value of the fund. The fund may invest in certain securities listed in China which can involve significant regulatory constraints that may affect the liquidity and/or the investment performance of the fund.

Fund managers

The team has been successfully investing in Asian and emerging market equities for over 20 years. Today, the team’s Asian equity strategies have a combined AuM of ~ EUR 15 billion.

Ian Hargreaves, Co-Head of Asian and Emerging Markets Equities


Volatility provides opportunity, uncertainty leads to mispricing.

Ian Hargreaves
Co-Head of Asian and Emerging Markets Equities

Frequently asked questions

Asia is the world’s growth engine. Demographic shifts and digitalisation will only serve to reinforce this view. With a growing middle class and increased connectivity, the region is now home to a vast pool of digital consumers, who are keen to adopt new products and technologies. Asian companies willing to innovate to meet the rising needs of domestic consumers are thriving in this environment.

For those with a long-term investment horizon, the case for investing in Asia is as strong as ever. Favourable structural trends are driving growth in the region, creating plenty of investment opportunities. However, investors need to be aware that there are big valuation discrepancies between and within markets and sectors. Adopting a rigorous approach to investing will remain key to investment success.

You can invest in the Asian and emerging market stock markets by investing in actively managed mutual funds or exchange traded funds (ETFs). Invesco offers a broad range of actively managed funds and ETFs.

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  • Data as at 30.04.2025, unless otherwise stated. This is marketing material and not financial advice. It is not intended as a recommendation to buy or sell any particular asset class, security or strategy. Regulatory requirements that require impartiality of investment/investment strategy recommendations are therefore not applicable nor are any prohibitions to trade before publication. Views and opinions are based on current market conditions and are subject to change. For information on our funds and the relevant risks, refer to the Key Information Documents/Key Investor Information Documents (local languages) and Prospectus (English, French, German, Spanish, Italian), and the financial reports, available from www.invesco.eu. A summary of investor rights is available in English from www.invescomanagementcompany.lu. The management company may terminate marketing arrangements. Not all share classes of this fund may be available for public sale in all jurisdictions and not all share classes are the same nor do they necessarily suit every investor.

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