Japan
Sustainable Dividend
LEAD MANAGER
Kensuke CHIYO
PERFORMANCE TARGET
Not Set
STYLE
Not style focussed
BENCHMARK
Reference Index: TOPIX (with dividends)
This strategy seeks to deliver higher returns with lower volatility, providing attractive investment opportunities in a low growth economy as a result of the corporate governance reforms in Japan
LEAD MANAGER
Kensuke CHIYO
Key Strengths
Sustainability of Dividends
We seek out companies with high retained earnings and sustainable business models that are likely to retain high dividend yield with low risk of dividend reductions
Corporate Governance Reforms
Capitalise on reforms to enhance shareholder value, improve capital efficiency and enhance investor returns. Positive earnings growth and structural reforms will continue to support corporate returns
Low Volatility
Aim to keep total portfolio risk below 0.8 times that of TOPIX through stock selection, portfolio construction and risk controls
Investment Approach
With this strategy we aim to reap the benefits from Japan’s economic and corporate governance reform, by investing in quality companies with strong balance sheets that are proponents of good corporate governance. We seek to identify companies with an enduring competitive advantage where the sustainability of dividend payments can be assured.
The strategy holds approximately 70 – 90 best performing companies in terms of sustainable earnings and dividend growth with an eye on dividend yield
We endeavour to provide a compelling total return in a risk controlled environment capturing the upside rallies whilst protecting against the downside.
Qualitative factors to determine quality
Qualitative evaluation factors used to identify stocks for further research are the company’s stance on shareholder returns and their dividend policy among others. This will indicate the sustainability and level of future dividend pay-outs.
Quantitative factors to determine dividend yield
Quantitative evaluation factors such as expected dividend yield and other stock price indicators are looked at in order to determine dividend yields. Only stocks with an expected dividend yield above the median are selected.
SFDR Sustainability Reports
SFDR Disclosure – Japan Equity Sustainable Dividend (Article 6)
Award winning strategy
Our Japan Equity Sustainable Dividend Fund has won the Asset View Award for the top ranked fund 2 years consecutively in the Japanese Equity – All Cap (Yen) category as at 31 December 2017 and 31 December 2018, by CAMRADATA.
Key Facts
LEAD MANAGER
Kensuke CHIYO
PERFORMANCE TARGET
Not Set
STYLE
Not style focussed
BENCHMARK
Reference Index: TOPIX (with dividends)
TRACKING ERROR RANGE
Not Set
HOLDINGS RANGE
70-90
OFFERED AS A SEGREGATED STRATEGY?
Yes
OFFERED AS A POOLED STRATEGY?
Yes
INCEPTION DATE
March 2013
GIPS® COMPLIANCE
Yes