Two themes – Asian consumer spending and ASEAN infrastructure – helped drive returns for the BDT Invest Asian Focus Fund in June. The fund was up 4.5% during the month.
The Asian inc Japan fund starts with a macro view, which then directs the managers to sectors and countries of interest. Then the bottom-up stock picking process begins. “We like companies that grow consistently and predictably,” said spokesman Nick Humphreys.
The fund has seen consistent and reliable growth in the Asian consumer discretionary spending sector. Humphreys said managers have been eyeing companies that make items such as cigarettes,