Looking for ESG and Alpha

RBC’s Mayur Nallamala seeks Asian equities which offer growth attributes and meet ESG principles.

Michael Ryval 29 April, 2021 | 2:33AM
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China

While Asian equities performed well in 2020 and overcame the challenges of the coronavirus pandemic, this year is proving less robust. The Asia Pacific Equity category is up 2.39% year-to-date (as of April 20), versus 23.92% last year. Mayur Nallamala, senior portfolio manager and head of Asian Equities at Hong Kong-based RBC Global Asset Management (Asia), thinks markets are taking a bit of a breather as they digest policy responses by large players such as China, and high valuations for certain sectors. 

“While we are modestly optimistic about the year going forward--with a caveat that we are not sure about the new variants of the coronavirus and the vaccination successes of countries in this part of the world—it is unusual to see back-to-back very strong performances,” says Nallamala, lead manager of the $133.5 million 5-star bronze-rated RBC Asian Equity Fund D. In 2020, RBC Asian Equity Fund D outperformed the category as it returned 30.14%. Year-to-date it is up 2.28%.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar Rating
CSL Ltd293.48 AUD0.00Rating
RBC Asia Pacific ex-Japan Equity F17.11 CAD-0.90Rating
RBC Asian Equity Fund D18.39 CAD-0.47Rating
RBC Japanese Equity Fund F15.94 CAD0.45
Sea Ltd ADR297.67 USD0.00

About Author

Michael Ryval

Michael Ryval  Michael Ryval, a regular contributor to Morningstar, is a Toronto-based freelance writer who specializes in business and investing.

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