Pheim Malaysia – 20 years of value investing by “Not Fully Invested At All Times”
January 4, 2014 – Pheim Malaysia celebrates its 20th anniversary. At the same time its off-shore fund – the PHEIM SICAV-SIF ASEAN Emerging Companies fund (“Pheim ASEAN Fund”) has chalked up a 19-year history of outperformance. Pheim Malaysia is now one of the oldest boutique asset managers in ASEAN and one with a competitive track record investing in volatile ASEAN markets. The Pheim ASEAN Fund is also one of the oldest ASEAN Equity Funds.
Pheim Malaysia’s humble 20-year journey has not been without its ups and downs while also having to navigate through some of the most tumultuous times in financial markets:
- 1997 – The Asian Financial Crises;
- 2000 – The US Tech Bubble;
- 2001 – The US September 2011 Attacks (“9/11”);
- 2003 – the Severe Acute Respiratory Syndrome (“SARS”); and
- 2008 – The Global Financial Crises
Through these and other times, the company has stayed the charted course remaining true to its client service motto: “Your Need Is Our Focus”. This team mantra has enabled the Pheim ASEAN Fund to outperform its peers for all the trailing periods for the 1- to 18-year periods except for the 4-year period in the Morningstar Category ASEAN Equity Funds ending September 2013. Cumulatively, the Total Returns (in USD terms) of the Pheim ASEAN Fund also outperformed the FTSE ASEAN Index for all the trailing periods from 1- to 18-year periods ending September 2013.
As part of its 20th anniversary, Pheim Malaysia would like to share some insights into its value investing approach and discipline laid out by Founder and Chief Strategist, Dr Tan Chong Koay, which have formed the basis of Pheim’s investment philosophy and practice over the 20 years.
As we welcome 2014, our 20th anniversary year, we are also moving forward with an unflagging spirit as we strive to serve the needs of our clients even under challenging market conditions.
We wish to thank all our clients for their past and continuing support and trust in Pheim.
*Pheim Asset Management Sdn Bhd is the External Investment Manager of Pheim Unit Trusts Bhd.