OLD MUTUAL JAPANESE EQUITY FUND
The objective of the Old Mutual Japanese Equity Fund is to seek to achieve asset growth through investment in a well-diversified portfolio of securities of Japanese issuers or of issuers established outside Japan which have a predominant proportion of their assets or business operations in Japan. It is not proposed to concentrate investments in any one industry or sector.
REASONS TO RECOMMEND
POSITIONED FOR A REBOUND IN THE JAPANESE ECONOMY
With his flexible, pragmatic and diversified approach to investment, the manager is well placed to take advantage of the prevailing themes in Japan, namely monetary stimulus, fiscal incentivisation and improved corporate governance.
A REPEATABLE, THREE-PRONGED INVESTMENT PROCESS
The fund has a clearly defined, three-pronged process. The manager seeks out alpha generation using the following techniques: qualitative, stock specific research, a quantitative screening process, and a thematic overlay.
ACCESS TO TEAM RESOURCES
The manager has access to the wide and growing skill-set of the team’s investment professionals in Asia. He is involved in a daily exchange of ideas with head of Asian equities, Josh Crabb, while having the benefit of two Asia Pacific equity analysts to bounce ideas off. The relative proximity of the Hong Kong office to Japan allows for great flexibility in arranging company meetings.
EXPERIENCED MANAGER WITH IN-DEPTH LOCAL KNOWLEDGE
The manager has extensive first-hand experience of the Asia Pacific region, having lived in Japan for four years (from 2006 – 2010) before moving to Hong Kong in 2010 (where he lives currently).
WHAT YOUR CLIENTS CAN EXPECT
The manager adopts a total return approach to investing with an intended higher beta in ‘up’ markets. The manager accepts this could be at the cost of sacrificing some returns during market drawdowns.