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- When tariffs lose their legal basis
- What if AI doesn’t work out?
- How Asia is powering the AI era
- Venezuela: where’s the shock?
- China housing market downturn and its impact
- Q4 Multi-Asset Perspectives: Proceeding with care
- The future of AT1s: “If it ain’t broke, don’t fix it”
- News & Media
Steven Williams, Head of UK Distribution, talks to Jian Shi Cortesi, Investment Director, Asia/China Growth Equities, on the opportunities she sees in Chinese companies.
In our view, the strength of the strategy lies in its consistent application over more than 10 years and through different market conditions.
Our Edge
Deep Asia Expertise
Jian Shi Cortesi has long standing experience investing across Asia, with a deep understanding of regional economies, companies, financial markets and consumer dynamics, supported by extensive local research engagement.
Differentiated stock selection approach
The strategy applies a structured framework, informed by established Western investment approaches, to identify Asian stocks consistent with the strategy’s investment objective.
Local research insight
Regular engagement with companies and regional stakeholders provides additional insight into business models, competitive dynamics and structural trends, enhancing the overall research process.
Downside awareness
Portfolio construction balances higher conviction growth and recovery ideas with more defensive exposures, aiming to manage downside risk during periods of market volatility.investment team
Against a supportive macroeconomic backdrop, we believe Asian equities continue to offer attractive upside potential. The portfolio is positioned around long-term structural themes that we consider resilient across market cycles, including technology self-sufficiency and AI adoption, experience led consumption and the transition towards renewable energy.
Philosophy and Process
Reasons to Invest
Key Risks
Capital at Risk
: All financial investments involve an element of risk. Therefore, the value of the investment and the income from it will vary and the initial investment amount cannot be guaranteed.
Credit Risk / Structured Products
: Should the counterparty to a structured note default, the value of those structured notes may be nil.
Currency Risk
: The value of investments in assets that are denominated in currencies other than the base currency will be affected by changes in the relevant exchange rates which may cause a decline.
Currency Risk - Non Base Currency Share Class
: Non-base currency share classes may or may not be hedged to the base currency of the Fund. Changes in exchange rates will have an impact on the value of shares in the Fund which are not denominated in the base currency. Where hedging structures are in place, they aim to reduce but may not fully eliminate currency risk.
Equity
: Investments in equities (directly or indirectly via derivatives) may be subject to fluctuations in value, and their values may be more volatile than those of other asset classes. Equities and equity-related securities (such as warrants and rights issues) can be affected by daily stock market movements.
Liquidity Risk
: Some investments can be difficult to sell quickly which may affect the value of the Fund and, in extreme market conditions, its ability to meet redemption requests.
Market Risk / Emerging Markets
: Emerging markets will generally be subject to greater political, market, counterparty and operational risks.
Onshore Renminbi Currency Risk
: Currency control decisions made by the Chinese government could affect the value of the fund's investments and could cause the fund to defer or suspend redemptions of its shares.
Shanghai-Hong Kong Stock Connect / Shenzhen Connect Risk
: The Fund may be investing in China A Shares via the Shanghai – Hong Kong Stock Connect or Shenzhen Connect which may entail additional clearing and settlement, regulatory, operational and counterparty risks.
Special Country Risk / China
: Changes in China's political, social or economic policies may significantly affect the value of the Fund's investments. China's tax law is also applied under policies that may change without notice and with retrospective effect.
List Not Exhaustive
: This list of risk factors is not exhaustive. Please refer to the relevant Fund’s prospectus.
OuR Thinking
Investment Opinions
China housing market downturn and its impact
13 January 2026 | Jian Shi Cortesi
The slowdown in China’s real estate market has been a key factor putting pressure on the country’s GDP growth. In this article, Jian Shi Cortesi, Investment Director of Asia/China Equity at GAM Investments, assesses how the property market is influencing China’s equity performance.
Active Thinking
From outflows to opportunity: China equity today
11 December 2025 | Jian Shi Cortesi
Investment Director Jian Shi Cortesi highlights China’s 2025 equity rebound, fuelled by low valuations and policy support. Innovation, technology and structural growth themes create compelling opportunities despite tariff headlines and shifting investor sentiment, according to Jian.
Fund Information
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Contacts
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Disclaimer: Past performance is not an indicator of future performance and current or future trends. The indications could be based on figures denominated in a currency that may be different from the currency of your residence country and therefore the return may increase or decrease as a result of currency fluctuations. Capital at risk: all financial investments involve an element of risk. Therefore, the value of the investment and the income from it will vary and the initial investment amount cannot be guaranteed. Any reference to a security is not a recommendation to buy or sell that security.