Asset Allocation & Fund Positioning, Copley Fund Research

Steven Holden

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 again on emerging markets.

Asset Allocation & Fund Positioning

Grab Holdings: Financial Services Expansion & Loan Growth As A Strategic Growth Enabler!

Grab Holdings (GRAB US) - Solidifying Its Appeal

Grab Holdings - 4Q24 in line; moderate FY25 guidance (GRAB US, CP USD5.29, BUY, TP USD6.24, Internet)

Grab Holdings (GRAB US) - GoTo Merger Rears Its Head?

Copley Fund Research

Copley Fund Research provide research and data on asset allocation among Global and Emerging Market equity funds.  The analysis details absolute and relative positioning across countries, sectors and industries together with highly granular data on single stock and single fund allocations.  The data is updated monthly with time series going back to January 2011.

Global Research - Analysis of 165 prominent Global equity funds, combined AUM $335bn
GEM Research - Analysis of 127 prominent global EM equity funds, combined AUM $250bn

Asset Allocation - Global and GEM Equity

Equity Bottom-Up

<ul>
<li>Grab Holdings hits new high in EM fund ownership, Sea Ltd reverses downward momentum.</li>
<li>Both stocks lag more established players in the ASEAN region.</li>
<li>Grab Holdings attracted the highest number of new investors in the ASEAN region over the last 6-months, though Sea Ltd captures the larger portfolio positions among managers.</li>
</ul>


Grab Holdings hits new high in EM fund ownership, Sea Ltd reverses downward momentum.
Both stocks lag more established players in the ASEAN region.
Grab Holdings attracted the highest number of new investors in the ASEAN region over the last 6-months, though Sea Ltd captures the larger portfolio positions among managers.


Sea Ltd & Grab Holdings: Non-Benchmark Attraction