JN Asia Infrastructure Fund SP
Climate Impact & Sustainability Data (2018-03-31 to 2018-05-31)
Reporting Period: 2018-03-31 to 2018-05-31
Environmental Metrics
ESG Focus Areas
- Sustainable growth
- Long-term revenue visibility
- Moderate pricing power
Climate Goals & Targets
Environmental Challenges
- Technology disruptions in traditional sectors
- Rising USD environment and EM currency volatility
- Global economic growth moderation
- China's deleveraging efforts
- Policy intervention risk in China
Mitigation Strategies
- Focus on infrastructure asset owners with superior pricing power and cash flows
- Bottom-up portfolio approach with macro overlay
- Slow position building in vulnerable countries
- Forecasting currency depreciation
- Using panic as entry points
- Focus on companies with moderate earnings growth (5-10%) in line with Asia's nominal GDP growth
- Focus on assets with moderate pricing power
- Barbell approach focusing on companies with long-term revenue visibility, lower market penetration, solid cash earnings, and reasonable valuation