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Schroders strengthens Asia ex-Japan team

Manish Bhatia joins as a senior fund manager from Manulife Asset Management.
Manish Bhatia has joined Schroder Investment Management in Hong Kong as a senior fund manager of its Asia ex-Japan investment team.

Bhatia, who joins from Manulife Asset Management, works closely with Louisa Lo, head of Asia ex-Japan equities, in managing Far East ex-Japan and Asia ex-Japan portfolio mandates. He brings with him more than 14 years of experience in managing Asian mandates and Indian funds.

Previously, Bhatia was head of Asia-Pacific ex-Hong Kong and China at Manulife Asset Management, responsible for the management of several Asia-Pacific portfolios and country funds for India and Taiwan. Before that, he was a fund manager at Hamon Asset Management covering technology funds and regional absolute return portfolios; and a fund manager and research analyst at Unit Trust of India.

Bhatia holds an MBA degree from Indian Institute of Management and an engineering degree from Regional Engineering College in India.

In his most recent interview with AsianInvestor, while he was still with Manulife, Bhatia said he preferred Taiwan in Asia and was cautious on India.

He likes Taiwan due to its attractive valuation and dividend yield. The market has shown encouraging capital management and as a result exceptionally good shareholder orientation, he noted previously, adding that capital reduction, rising dividends, and buybacks all point to a changing attitude in TaiwanÆs corporate sector and augurs well for the long-term re-rating of the market.

He is cautious on the Indian market because the country is facing severe macroeconomic headwinds. Higher oil prices have exacerbated its trade and fiscal deficits and have resulted in a weaker currency and higher interest rates, he said previously, adding that a domestic economic slowdown looks inevitable.

Schroders currently has around 100 investment professionals in Asia ex-Japan and has one of the largest investment teams amongst asset managers in the region. The Schroders Asia ex-Japan investment team consists of 46 fund managers and 53 research analysts. Schroders has around $260 billion in assets under management worldwide.
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