Nicholas Toovey

INGIM-HK specializes in Asian markets, managing investments in close relationship with the parent group and the other Asian offices. The parent company INGIM is an active, long-term investment manager. In-depth research informs investment decisions and is a composite of proprietary quantitative models and internal fundamental analysis complemented by third-party inputs. The Hong-Kong office comprises three specialist teams, each contributing their expertise to the other Asian offices and to the parent group. The quantitative team builds strategic and tactical asset allocation models. The equity team defines the equity and real estate investment outlook for the region, while the fixed income team analyses the fixed-income outlook. The investment process starts with a mid-term macroeconomic view which determines asset allocation. Equity investments follow a growth-oriented approach and proceed from a bottom-up stock selection process focused on earnings momentum. Fixed-income investments follow a top-down approach focused on relative value to the market. The performance of Asian equity funds is measured against MSCI indexes; the performance of Asian fixed-income funds is measured against JPMorgan indexes. Decisions processes are team-based with individual accountability.