Seeking Alpha
Date: Feb. 3, 2019
By: Global Emerging Markets Team

• The Janus Henderson Global Emerging Market Equities Team recently visited Taiwan, a country that has been a source of high-quality companies over the years.
• Taiwan sits in an interesting strategic position given its proximity to, as well as its economic and political ties with, China, a short distance away across the Taiwan Strait.
• What we have learned over many years, however, is that by backing high-quality, resilient businesses with managers and owners who have demonstrated integrity over long time periods, investors may be able to reduce risk to their investments from events that we can neither predict nor control and ultimately grow capital over time.

The Janus Henderson Global Emerging Market Equities Team recently visited Taiwan, a country that has been a source of high-quality companies over the years. Here the team examines key findings, risks and opportunities from the trip.

Recently, the team visited Taiwan, a country that we have found to consistently be a source of high-quality companies over the years we have been visiting. Taiwan sits in an interesting strategic position given its proximity to, as well as its economic and political ties with, China, a short distance away across the Taiwan Strait. The country has had a long history of involvement in global commerce. The name “Taiwan” comes from the location of a commercial outpost of the Dutch East India Company. Today, Taiwan has a population of approximately 23 million people and is a global hub for high-tech manufacturing.

Self-governed Taiwan, however, has never been formally declared independent from China, and in January 2019, Chinese President Xi Jinping stated Taiwan must and will be reunited with the mainland. This complicated relationship casts a shadow over many of the Taiwanese companies that we have spoken to.    [FULL  STORY]