Chief Executive Officer, Emmer Capital Partners Limited

Manishi Raychaudhuri

Dr. Manishi Raychaudhuri, with nearly three decades of experience in Asian Equities in the roles of APAC Head of Equity Research, Asian Equity Strategist and Analyst across various sectors, brings a unique cross border and cross-industry perspective to the process of investment strategy and asset allocation. He worked in senior leadership roles at BNP Paribas and UBS across Mumbai and Hong Kong. Prior to UBS, he was with ICICI Securities, then a JV with JP Morgan.

Manishi marries top-down macro-economic outlook with bottom-up sector themes to create unique alpha generative portfolios for clients. Manishi's Asia ex Japan equity model portfolio consistently generated significantly higher returns than the benchmark MSCI index over a decade. In addition to the macro strategy product, Manishi regularly publishes on key thematic ideas, creating custom baskets for investors.

A frequent participant in discussions in the print and electronic media, Manishi has been frequently interviewed by Bloomberg TV, CNBC, CNBC Arabia, Asharq Bloomberg, CNBC TV18, ET Now, NDTV Profit and several other channels. He has been widely quoted in Financial Times, Thomson Reuters, Wall Street Journal, South China Morning Post, Barron's, Forbes India, The Economic Times, Business Standard and other leading publications.

Chief Executive Officer

Asian Equities: China's Tepid Domestic Growth and Skyrocketing Exports Presents Interesting Options

Asian Equities: Not a Forthcoming Collapse; Inflation and Rates the Key Issues

Asia: Which Economies Are Most Likely to Tighten Monetary Policy?

Asian Equities: Model Portfolio Completes a Year; More to AI Picks and Shovels, Selectively to LLMs

Asian Equities: Nascent Emergence of New Earnings Gainers

Asian Equities: The Asian Large Cap Focus List - 73 Stocks with Growth, Value, Quality Balance Sheet

Asian Equities: Another Month of Huge Foreign Selling; Taiwan and Thailand the Only Exceptions

Warsh Doctrine: The Fed Just Changed the Rules of the Game

Emmer Capital Partners Limited

Emmer Capital Partners is an Asia Pacific focused financial advisory firm engaging in strategic financial asset allocation advice, bespoke thematic research and advising early-stage companies and connecting them to investors. Emmer Capital provides macro-economic and multi-asset investment strategy inputs to institutions, family offices, private wealth managers, private equity, and corporate boards directly and through independent research platforms. Emmer Capital also advises a wide range of startup companies on fund raising and business strategy. Emmer Capital's active engagement with the print and electronic media reaches a broad spectrum of investors across the globe.

Equity Bottom-Up

TSMC (Taiwan Semiconductor Manufacturing) / Equity Bottom-Up

TSMC (Taiwan Semiconductor Manufacturing) (2330 TT)

TSMC (Taiwan Semiconductor Manufacturing)

<ul>
<li>Since the last rebalancing on 19th May our Model Portfolio declined 0.7% while MXASJ appreciated 1.48%. Since inception, our portfolio has appreciated 41.6% and MXASJ has moved up 45.8%.</li>
<li>With renewed geopolitical uncertainty, we highlight long-term preferences on AI picks and shovels, Chinese exporters with overseas supply chains. The former now translates to increased focus on power, materials industrials.</li>
<li>With China's domestic consumption in doldrums, we exclude Alibaba and trim the weights of all consumer and consumer proxies. We include Geely, Weichai Power, Zhongji Innolight, Posco and CG Power. </li>
</ul>


Since the last rebalancing on 19th May our Model Portfolio declined 0.7% while MXASJ appreciated 1.48%. Since inception, our portfolio has appreciated 41.6% and MXASJ has moved up 45.8%.
With renewed geopolitical uncertainty, we highlight long-term preferences on AI picks and shovels, Chinese exporters with overseas supply chains. The former now translates to increased focus on power, materials industrials.
With China's domestic consumption in doldrums, we exclude Alibaba and trim the weights of all consumer and consumer proxies. We include Geely, Weichai Power, Zhongji Innolight, Posco and CG Power. 


Hyundai Engineering & Construction (000720 KS)

Asian Equities: Model Portfolio - Leaning More Towards Power, Materials, Industrials