Cheng Tong Shih

Provides individual life insurance, group life insurance, casualty insurance, health insurance and others

Manufactures and distributes cement and clinker

HSBC-GAM Taiwan is a GARP-oriented manager which focuses on long-term capital appreciation. They emphasize fundamental research and invest primarily in equities listed on the Taiwan stock exchange, complemented with bonds and convertibles. They are self-described 'business cycle investor' following a combination of value- and growth-oriented investment approaches. They typically favor the technology sector, in particular industries such as telecommunications, electronics, semiconductors and personal computing. The firm combines top-down sector allocation and bottom-up security selection, seeking to invest in Taiwanese companies with growth potential, a competitive edge on export markets, strong technology, efficient R&D, quality management, a favorable regulatory environment and access to low-cost labor and raw materials. Key selection criteria include profit margins, return on investment and capital resources. Research is shared within HSBC. The group's Global Investment Strategy Group (GISG) defines monthly a macro investment strategy covering global economic projections, fixed-income expected returns, Forex projections, regional equity market performance expectations and global views on key sectors. Local specialist teams perform fundamental research including company visits.

CPIC Fund Management is an active, research-based, long-term manager which follows a variety of strategies, including growth and value strategies, to manage their funds. The firm employs bottom-up and top-down approaches to select securities and allocate assets and performs fundamental analysis, seeking companies with sound financial performance, superior development potential, special competitive status and bonds with high expected yield.

Functions as a College/University

ITW is an active, GARP-oriented investment manager. The firm invests globally in equity across market caps and sectors, and in debt including corporate bonds. They believe in the strong long-term relationship between economic fundamentals and financial markets, and seek to exploit market inefficiencies. Their investment approach is based on research, which they share with other Invesco divisions. Management is shared as well for some portfolios. Their investment strategy is defined at the group's level by the Global Asset Allocation Committee, which consists of regional CIOs and heads of global research groups. ITW seeks to invest in underpriced growth stocks and quality cyclical growth stocks. Their investment process consists in bottom-up stock picking, based on an understanding of the earnings and valuation cycle of each company.

Manufactures miniature motors, timers, home automation appliances, and other electronics

Manufactures and supplies notebook computer keyboard membrane touch switches

Manufactures and distributes healthcare, beauty and jewelry products