The Bamboo Strategy focuses on growth in Asia, particularly in themes such as tourism, wealth management, and the internet.
Investment may be in listed equities in mainland China, India, Hong Kong, Taiwan, Singapore, Thailand, Philippines, Malaysia, Indonesia, Australia, South Korea and Vietnam. The strategy may also buy Asian companies listed outside Asia.
The Strategy aims to generate value through careful stock selection in a concentrated, low turnover portfolio of 25-35 stocks. The Strategy seeks dividend-paying companies when possible. Long-only, stock picking with no ‘index hugging’, and an active-conservative management style. Target performance is 12% per annum, with MSCI Asia-Pacific as benchmark. The Strategy uses rigorous bottom-up research combined with informed macro decision-making to influence weighting.
The Strategy was launched in April 2015 as a Luxembourg UCITS (The Argos Bamboo Fund). In October 2015, a Delaware LP was launched to render the Bamboo Strategy more accessible for North American investors (Bamboo Asia, LP).