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Japan

Value + Alpha

Lead Manager

Osamu KOIDE

PERFORMANCE TARGET

2% – 3% p.a. above benchmark

STYLE

Value

BENCHMARK

TOPIX (with div)

“Japan Equity Value + Alpha caters for institutional investors seeking stable returns from investments through active management built on a Value approach respectful of ESG considerations”

Lead Manager

Osamu KOIDE

Key Strengths

Consistent Value Approach

We pursue superiority in active management over the medium to long term through a consistent value approach

Rigorous Corporate Research

Superior bottom up stock selection based on our extensive research activities

Focus on Engagement

We consider positive engagement activities to be a source of value

Investment Approach

We believe that market inefficiencies result in share price overvaluation and undervaluation from time to time. Our investment philosophy is to “achieve stable excess returns through active management” in the long-term by taking advantage of market inefficiencies.

We achieve these goals by:

Analysing fundamentals from a global perspective

Investing actively through a well-defined and structured process

Maintaining a consistent investment style with comprehensive risk management

Product philosophy

The theory behind our investment management philosophy for Japan Equity Value + Alpha is derived from our belief that, even in a generally recognised Value oriented Japanese market, it is possible to generate greater alpha by effectively combining good quality, earnings driven, flow value focused stocks in a portfolio through rigorous fundamental research to identify catalysts for price appreciation ahead of the market, without undue risk.

Style

We would classify our investment style for this product as fundamental bottom-up earnings driven Value style.

Key Facts

Lead Manager

Osamu KOIDE

PERFORMANCE TARGET

2% – 3% p.a. above benchmark

STYLE

Value

BENCHMARK

TOPIX (with div)

TRACKING ERROR RANGE

3% (in principle) – 7%

NO. OF HOLDINGS RANGE

120 Max

OFFERED AS A SEGREGATED STRATEGY?

Yes

OFFERED AS A POOLED STRATEGY?

No

INCEPTION DATE

October 1996

GIPS® COMPLIANCE

Yes

Latest PM's Perspectives

11 December 2019

PM’s Monthly Perspectives

10 December 2019

Textbook on Shareholder Returns

15 November 2019

Consensus gap is the key to invest in General Trading