Strategy Overview

Investment Approach

We are fundamental bottom-up stock pickers who invest for the long term. We believe that the best strategy for investment success is investing in high-quality, well-managed companies located in the Greater China area.

We look for companies with:

  • Outstanding management teams
  • Sustainable competitive advantage
  • Strong operating cash flows
  • High returns on capital
  • Stock trading below intrinsic value
  • Consistent long-term growth prospects
   Our biggest advantage is the depth of knowledge we develop on our investments.
About the Portfolio
Investment Style Core
Process Fundamental Bottom-up
Turnover Low
Minimum Initial Investment $1 million
Reasons to Invest
  • Experienced investment team with unique and focused expertise in the management of small-cap strategies
  • Higher return and lower volatility versus the benchmark
  • Rigorous investment process with a hands-on approach ensuring strong practices
  • Superior knowledge of portfolio companies and strong access and relationships with their management team
  • ESG factors reviewed and analyzed as part of a robust fundamental research process
  • 100% owned by its employees, aligning our interests with those of our clients
Strategy Profile
Greater China Fact Sheet 2024 Q1

Key Characteristics

Sector Allocation (%)
Top Five Stocks (%)
Security Sector Weight Consumer Discretionary 5.5
Geely Automobile Holdings Consumer Discretionary 4.9
Samsonite International S.A. Consumer Discretionary 4.9
Lotus Pharmaceutical Co Ltd. Health Care 3.8
Kulicke & Soffa Industries Adr Information Technology 3.8

Strategy Performance in Various Environments

The strategy outperformed its benchmark in a wide variety of market environments over the past 11 years. This was achieved through consistent positioning into attractively valued, high-quality companies, and a balance between high-quality defensive stocks and high-quality growth cyclical stocks at an attractive valuation.

Performance (%) in U.S. dollars

Per period and calendar year performance

Period Van Berkom MSCI China Value Added
2023 -14.00 -11.03 -2.97
2022 -3.26 -21.80 18.54
2021 -2.56 -21.64 19.08
2020 39.63 29.67 9.96
2019 21.13 23.66 -2.53
2018 -13.28 -18.75 5.47
2017 25.57 54.33 -28.76
2016 -7.13 1.11 -8.24
2015 -3.49 -7.62 4.13
2014 -5.71 8.26 -13.97
2013 16.54 3.96 12.58
2012 45.07 23.1 21.97

Past performance is not a guarantee or indicator of future results. Inherent in any investment is the risk of loss. Composite returns are calculated using the time-weighted method and presented gross of management and trustee fees and withholding taxes.

In U.S. dollars, as at March 31, 2024 (%)

Annualized Performance

Period Van Berkom MSCI China Value Added
YTD -1.74 -2.19 0.45
1 Year -13.62 -16.90 3.28
2 Years -5.94 -10.95 5.01
3 Years -10.86 -18.79 7.93
4 Years 6.74 -6.32 13.06
5 Years 2.77 -6.19 8.96
7 Years 3.87 -0.74 4.61
10 Years 2.19 1.42 0.77
SI 6.24 2.71 3.53

Past performance is not a guarantee or indicator of future results. Inherent in any investment is the risk of loss.

Composite returns are calculated using the time-weighted method and presented net of management fees and gross of trustee fees and withholding taxes.

SI = Since inception (December 31, 2011)

Portfolio Management Team

Team Member* Role In the Industry Since
Lawrence Lai* Senior Portfolio Manager 2003
Marcus Tze* Portfolio Manager 2008

*These team members are also Van Berkom Golden Dragon Limited shareholders.

Learn more about our investment approach



Van Berkom and Associates Inc. (“Van Berkom”) is registered in Canada with the Autorité des marchés financiers (“AMF”), the Ontario, Alberta, British Columbia and Manitoba Securities Commissions as Portfolio Manager and as Investment Fund Manager. In the United States, Van Berkom is defined as a Securities Exchange Commission (“SEC”) registered independent investment advisor. The information provided herein is for informational purposes only and is not intended to provide professional advice and should not be relied upon in that regard. It should not be considered a solicitation to buy or an offer to sell a security. It does not take into account any investor’s particular investment objectives, strategies, tax status or investment horizon. There is no representation or warranty as to the current accuracy of, nor liability for, decisions based on such information. Past performance is no guarantee of future results. Performance is presented net of all management fees. Van Berkom claims compliance with the Global Investment Performance Standards (GIPS®). GIPS® is a registered trademark of CFA Institute. CFA Institute does not endorse or promote this organization, nor does it warrant the accuracy or quality of the content contained herein. Van Berkom Golden Dragon Limited (« VBGD ») is registered with the Securities and Futures Commission (« SFC ») in Hong Kong with a Type 9 license, as an Asset Class Manager.  This page contains statements that may constitute “forward-looking statements” within the meaning of the Securities and Futures Ordinance.  Important information about Van Berkom and VBGD, including a GIPS® Composite Report and additional information regarding policies for calculating and reporting returns, may be obtained from Van Berkom by communicating with Andy Kong, Senior Director, Institutional Markets at

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