Steven Holden

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bearish•Thematic (Sector/Industry)•30 Sep 2023 21:26

China Banks: Depressed Positioning

China and HK Banks stand as the largest industry underweight, with 87% of Asia Ex-Japan funds positioned below the benchmark. Underperformance is...

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bullish•Baidu •29 Sep 2023 15:00

Baidu: Back in the Mix

After a heavy decline in ownership between 2016 and 2020, active Asia Ex-Japan managers are re-engaging with Baidu Inc..

Steven Holden

383 Views

bullish•MercadoLibre •27 Sep 2023 16:59

MercadoLibre's Bullish Run Continues

MercadoLibre has been the beneficiary of significant manager rotation over the last year, overtaking AIA Group as the largest overweight stock...

Steven Holden

332 Views

bearish•Cross Asset Strategy•25 Sep 2023 15:22

Global Equity Managers Trim EM Underweight, but Remain Bearish

A growing number of Global Equity long-only funds are rotating back in, or moving to an overweight stance in Emerging Markets.

Steven Holden

321 Views

bullish•Delta Electronics•31 Aug 2023 21:08

Record Fund Ownership in Six Taiwanese Companies

Delta Electronics and Wiwynn Corp among 6 Taiwan stocks at their highest levels of fund ownership among active Emerging Market funds.

Steven Holden is the CEO and Founder of Copley Fund Research, an independent provider of research on equity fund positioning and performance. Set up in 2014, Copley focuses on global, global emerging market, US, Asia Ex-Japan and China active equity funds, covering over $4tr in assets across 1300 active managers. The company provides data and analysis on market trends, manager exposures and active fund performance to an audience of investment managers, pension funds and fund selectors worldwide. Mr Holden’s 14-year investment banking career started in 2000, where he worked for Morgan Stanley as an equity derivative trader focused on emerging markets in London. Following this, he spent 4 years at Citibank in London and Hong Kong as an Executive Director in derivative sales, focused agai...