Welcome to Ox Capital Management
Ox Capital Management (OxCap) is an Australian-based boutique investment manager specialising in emerging market equities. Founded in 2021, OxCap brings together a team of experienced emerging market investors led by Dr Joseph Lai.
We aim to deliver consistent outperformance by investing in high quality, undervalued, well-run companies that are leveraged to the vast growth opportunities and long-term trends arising out of emerging markets.
Our diverse and highly collaborative team have over 50 years’ experience investing in emerging markets.
Our robust investment process is supported by our proprietary risk management model (MOAT).
We seek to find new opportunities high quality, undervalued, well run companies in Asia and emerging markets.
We are index agnostic and constantly curate the portfolio for best ideas.
Our latest insights on investment markets and press coverage.
Revisiting the GFC playbook
Why buying China equities now is like buying US equities during the GFC. Chinese equities are trading at mouth-watering attractive levels. In our view, the outlook is highly prospective for long term investors.
Ox Capital’s 2024 Outlook: Video Update
In our 2024 outlook video, Joseph Lai discusses the historical impact of the Year of the Dragon on Asian equities, recent high-level dialogues between the US and China, the multi-year transition of China’s economy, and more.
Looking through the headline noise
We are seeing a clear dislocation between reality and stock market sentiment. Contrary to news headlines of a lacklustre macro-economic environment and outlook, quality companies continue to execute and grow earnings, highlighting the importance of looking through the noise.
2024 Outlook: An Inflection Point for Emerging Markets
Welcome to 2024, the Year of the Dragon in the Chinese Zodiac. In this report, we outline our key expectations and themes across emerging markets in 2024 and how we are positioned.
Why Bother Investing in China?
Ox Capital follows an investment philosophy of acquiring future champion businesses at discounted valuations. Despite facing economic challenges, the Chinese economy is expected to overcome negative factors, such as reduced reliance on the property sector, geopolitical pressure, and ongoing economic reforms. Right now, we see an opportunity to invest and take advantage of these very attractive valuations.