Capital at risk. All investments involve risk and investors may not get back the amount originally invested.

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

Our investment management philosophy for the Japan Equity Fundamental Active product 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 quality value and earnings momentum focused growth stocks in a portfolio. We achieve this through rigorous fundamental research to identify catalysts for price appreciation ahead of the market, without taking undue risk.

 

Key Strengths

Style Agnostic:
Style agnostic approach to generate consistent alpha.

Local Experts:
Japan based expertise to conduct rigorous fundamental research.

Strong Track Record:
Proven long term track record in allocating to Large / Mid Cap shares.

 

Style

Our Japan Equity Fundamental Active product is designed to be style agnostic and it aims to provide excess returns by utilising a combination of flexible value and earnings momentum driven fundamental stock selection with sector allocation overlay.

 

Competitive Advantage

Style Agnostic: Freedom to generate alpha in all market conditions and not be style led. The benefit of not being a purely traditional value strategy

Agile Approach: Whether there is a preference for value or growth, large, mid or small caps, our agile approach to the Japanese market has led to outperformance in most scenarios

Local expertise and native Japanese equity portfolio managers: The ability to deal with the idiosyncrasies of the market allows the PM’s to effectively pick attractive stocks across the market cap spectrum

Seeks Consistent Outperformance: Alpha generated without taking undue risk

Strategy Inception Date
July 2007
Lead Manager
Hideyuki TANIUCHI
Style
Value & Growth
Reference Benchmark
TOPIX with dividends
Performance Target
2% - 3% p.a. above Benchmark
Pooled Strategy
No
Segregated Strategy
Yes
Holding Range
100-150 stocks
Tracking Error Range
10% Maximum
GIPS® Compliance
Yes
Taniuchi 2.0

Hideyuki TANIUCHI

Lead Fund Manager

With an investment career of 27 years, Hideyuki Taniuchi started his financial career with Yamaichi Securities in 1996. 


He moved to Nikko Asset Management the following year as a trader to handle transactions in equities, convertible bonds and foreign exchange. In 1999, he started his career as a fund manager being heavily involved in and emphasizing bottom-up research for Japanese equities specializing in growth stocks. 


He joined Daiwa SB Investments (one of the SMDAM’s former entities) in June 2008 to manage the Fundamental Active Strategy, ect. and was promoted to the Unit Leader in 2020. 
Taniuchi is not only a Certified Member Analyst of the Security Analysts Association of Japan, but also obtained the right to use the CFA designation in 2005.


Taniuchi graduated from Tokyo University of Science in 1996, with a Bachelor of Engineering in Industrial Administration.

______________________________

Source: SMDAM as at 1 July 2024
CFA: Chartered Financial Analyst
CMA: Certified Member Analyst of The Securities Analyst Association of Japan         
Daiwa SB Investments Ltd. (DSBI) merged with Sumitomo Mitsui Asset Management Company, Limited (SMAM) on 1 April 2019

Industry Experience 27+ years

Time in SMDAM 16+ years

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Contact Us

If you have any account or dealing enquiries, please contact BBH using the following contact details:

Brown Brothers Harriman (Luxembourg) S.C.A.
80, route d’Esch, L-1470 Luxembourg
T: +352 474 066 226
F: +352 474 066 401
E: Lux.BBH.Transfer.Agent@BBH.com

RH Squared

Richard HAXE

Managing Director, Head of Business Development

AB Squared

Alex BARRY

Executive Director, Head of Distribution - UK and Ireland

CC Squared

Chloé CHOQUIN

Director, Business Development & Client Relations

TC Squared

Thomas Cartwright

Director, Business Development & Client Relations