Nicholas Xie

PNC-IM provides access to ETFs and mutual funds, separately managed accounts and advanced investment solutions, as well as individual debt and equity securities.

Functions as a College/University

JS Asset Management (JSAM) is a value-oriented investment management firm specializing in Large-Cap Value and All Cap Value strategies. They seek significant long-term performance returns by investing in undervalued companies that possess identifiable catalysts that will drive the stock price higher over the next one to two years. The firm may search for companies based on low p/e, low p/s, low p/cf, 52-week lows, price to recovery EPS and liquidation value. The firm also seeks to identify supply/demand imbalances that result in broad or sweeping changes in entire sectors or industries. JSAM attempts to identify stocks as close to the inflection point of improving fundamentals as possible to reduce any period of underperformance. They weigh the tradeoff between valuation and future value prospects of a security in terms of their conviction in the catalyst and the potential return of the stock. As valuations become more attractive, and assuming fundamentals and catalysts of the company stay intact, JSAM becomes more aggressive in buying. JSAM's process is bottom-up driven often resulting in underweight and overweight sectors with respect to relevant style benchmarks. Often a catalyst, particularly those that are more macro or supply/demand oriented, that affects a specific company may also apply across an industry or sector. This will result in significant under or overweighting of sectors. JSAM's Large Cap Value portfolios typically hold around 40 stocks and their All Cap Value portfolios may hold 50 to 60 issues. The firm believes it is important that each position size reflects a stocks appreciation potential. As a result, JSAM's top 10 holdings typically account for about 50% of each portfolio. In general, the firm tends to invest in the finance, electronic technology and consumer durables sectors. JSAM maintains a medium turnover rate.

Functions as a College/University

Functions as a College/University