PMA Equity StrategyAsian equity markets are already well established and there is a deep universe of liquid stocks available for investment. This universe should continue to grow over time as more companies list on equity markets from both private and government sellers. However, a simple buy and hold approach to Asian equity markets as a whole may leave investors with returns that do not fully capture the potential in Asian equity markets. We believe further opportunities are available through stock selection because Asian equity markets are inefficient. PMA has multiple equity funds that cater to the specific needs of a diverse client base. Importantly, all of these funds are based on the same common principles of fundamental research, disciplined trading and effective portfolio design. These principles have been specifically chosen to take advantage of the inefficiencies that are inherent in Asian equity markets. It is the combination of these three principles rather than any single one on its own that most successfully captures the significant opportunities in Asian equity markets. |