Fund selector: Japan’s arrows of fortune?

While the first two ‘arrows’ of Abenomics have helped boost Japanese equity performance and devalued the yen, the jury is still out on whether the strategy is succeeding. Much will depend on the third arrow of structural reform.

Fund selector: Japan's arrows of fortune?

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Newcomers

BNY Mellon Japan All Cap Equity and BNY Mellon Japan Small Cap Focus are managed by a Tokyo-based team led by Miyuki Kashima, head of Japanese equity investment at BNY Mellon AM Japan. The funds were launched in 2013, but both of them are mirror versions of strategies already available to Japanese investors. The equity team in charge of the funds was brought into BNY Mellon in 2013 from ING. The Japan All Cap Equity fund is run by Masafumi Oshiden, while the more concentrated Japan Small Cap Equity Focus is run by Kazuya Kurosawa.

The Eastspring Investments Japan Fundamental Value Fund was launched in 2013 and is run using a team-based value approach by Eastspring Investments, the asset management arm of Prudential Corporation Asia. It is the fourth Japanese equity strategy to be launched by Eastspring Investments in its Luxembourg-domiciled fund range.

Managed by Shintaro Harada, Nomura Funds Japan High Conviction was launched in 2013. The unconstrained investment approach aims to capture stock appreciation combined with the long-term sustainable growth of shareholders’ equity. The manager looks to build a concentrated portfolio of approximately 30 stocks through intensive bottom-up research.

 

 

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