Equity Analyst

Investec Asset Management is an independently managed global asset manager within the Investec Group, which is listed in both London and Johannesburg. We are founder-led and our employees are equity stakeholders in our business.

We provide investment products and services to institutions, advisory clients and individuals. Our clients include pension funds, central banks, sovereign wealth funds, insurers, foundations, financial advisers and individual investors.

We were established in South Africa in 1991, offering a small range of domestic investment strategies. We are now a truly global business managing approximately £90.5bn* for clients from all over the world.  We service these clients from our offices in London, Cape Town, Johannesburg, New York, Hong Kong, Taipei, Singapore and Sydney (and more).

At Investec Asset Management, we believe in a better future. First and foremost, we are working towards a better future for our clients. They have entrusted us with their investments and our responsibility is to look after their capital. Our purpose is to help people around the globe enjoy a dignified retirement and to preserve wealth for future generations.

Our culture supports innovation. We value honest debate and the sharing of ideas. Our people are encouraged to challenge the status quo.

This is a position for a China Equity Analyst or Portfolio manager in the 4 Factor team. The 4 Factor team manages just under $35bn in long-only equity assets, of which over 30% is in Asia and Emerging Markets and $7bn in standalone Asian Equity mandates. We are currently looking to add an equity analyst or portfolio manager to our global team, with a China focus. The position will be based in Hong Kong but the company is open to hiring in London with the understanding that the role is to be relocated to Hong Kong after an agreed timeframe. The company will require an initial training period of no more than six months in London.

Scope of Role:

This role is to perform detailed equity analysis on companies in both the onshore (i.e. China A) and offshore markets (i.e. predominantly those Chinese companies listed in Hong Kong and USA). It is also to help manage the All China Equity portfolio either as a named manager (for candidates with a demonstrable track record as a portfolio manager) or to assist the existing managers. Candidates joining as an analyst have the opportunity (upon the demonstration of the requisite skills) to become a portfolio manager in the medium term.

Key attributes for the role include the ability to perform detailed equity analysis and provide investment recommendations to the China, Asia, Emerging Market and Global teams in the 4Factor group. The role requires a strong understanding of financial accounting, equity valuation techniques and an ability to present clear compelling investment cases to the team. An in-depth understanding of behavioural finance theories would also be an advantage. The role is demanding and requires flexibility, accuracy, and an ability to meet tight deadlines. The role requires a proactive and organised approach with an excellent eye for detail. A client friendly, team player approach is essential. 

Key Responsibilities:

• Coverage responsibility for the stocks identified by our proprietary 4Factor screen relating to the “All China” stock universe. Coverage will be for a variety of sectors (i.e. a generalist role). The analytical role is specifically - and solely - focused on identifying strong bottom-up investment ideas.

• Production of written research notes, investment recommendations, monitoring existing portfolio investments.

• Development of deep company knowledge and ability to accurately communicate information throughout the broader 4 Factor team

• Manage / contribute to the portfolio management of the dedicated All China strategy including the management of portfolio risks.

• Engagement with clients and prospects in the Advisor sales channel.

• Assist in reporting to clients, including presenting performance information and writing investment reports.

• Contribute investment recommendations to the Global, Emerging Market and other portfolio teams in the 4Factor group.

Training, self-development and examinations (where deemed appropriate) are vital for the development within the role.

Knowledge & experience

• Demonstrate experience which is equivalent to, or have at least, 3 years’ experience analysing Asian markets and in particular Chinese equities, on the buy or sell-side for an investment house with a strong track record.
• Experience as a named portfolio manager of an existing China strategy is an advantage but not essential
• CFA qualified or at a minimum CFA Level 3 candidate
• Degree educated or equivalent qualification
• Fluent in business Mandarin (spoken and written) is essential. Candidates with first language Mandarin are preferred.
• Fluent in business English (spoken and written) is essential.

Technical Skills

• MS Excel         
• MS Word         
• MS PowerPoint             
• MS Outlook
• Factset
• Bloomberg
• HOLT

Skills/Attributes

• Strong accounting and analytical skills
• Thorough understanding of portfolio construction and risk
• Ability to communicate effectively and engage in strenuous debate on investments
• Excellent organisational and administrative skills

Compensation details

Base salary - £115,000

Location - London

Opening date for applications - 23/5/17

Closing date for applications - 20/6/17