E.I. Sturdza Strategic Management Limited
EI Sturdza Strategic Management Limited: EI Sturdza Investment Funds: Strategic Japan Opportunities Fund has delivered convincing performance of 23.2 percent since its inception in 2017
DGAP-News: EI Sturdza Strategic Management Limited / Key word(s): Funds EI Sturdza Investment Funds: Strategic Japan Opportunities Fund has delivered convincing performance of 23.2 percent since its inception in 2017 – The Strategic Japan Opportunities Fund (the “Fund”) has returned 23.2 percent in its first year since its inception in March 2017; outperforming the benchmark by 10.8 percentage points (29 March 2018); while assets under management have continued to grow, reaching EUR 74 million – Political reforms, change in mind-set towards shareholders and strong profit growth for Japanese companies point in favour of higher prices – The Portfolio Manager currently prefers industrials, IT stocks and cyclical consumer goods – Financials, healthcare and telecoms are currently underweight
Reforms are revitalising the Japanese economy The country has experienced a change in mind-set over the past few years thanks to the corporate governance reforms. Many companies are thinking and acting in a more shareholder-friendly manner than was the case in the past. In addition, valuations have reached an attractive level as many companies have grown their profits and the Olympic Games which will be held in Tokyo in 2020 will add additional economic impetus. Focus on high-growth companies Mitsuhiro Yuasa pursues a highly disciplined bottom-up approach and invests in rapidly growing companies. He focuses on companies pursuing consistent revenue and profit growth, with a convincing business model and strong management, regardless of size, history, brand or market capitalisation. Additional criteria, such as higher productivity are considered with the view that these will enhance the possibility of outperforming the Topix TR Index over the long term. In so doing, in-depth analysis of corporate accounts is a key aspect when selecting companies. In addition the investment team is in close and regular contact with the management of interesting companies. IT stocks and cyclical consumer goods overweight The portfolio generally comprises of 60 to 90 companies, with 51 percent of NAV as at the end of March 2018 being allocated to small and mid-caps. Around 37 percent of the portfolio was represented by large-caps, and 5.3 percent was invested in micro-caps. Industrial exposure accounted for 26 percent of the portfolio; whilst companies within the IT sector account for 24 percent of the portfolio and consumer discretionary exposure 20 percent. The IT and industrial sectors are overweight compared to the benchmark. The Fund is however underweight compared to the benchmark in terms of consumer staples, the healthcare and telecoms sectors. Portfolio manager Mitsuhiro Yuasa has more than 26 years of experience in the investment industry and worked for companies including Rothschild Asset Management and Gartmore Asset Management. Mr. Yuasa is one of the founders of the Japanese asset Management Company Rheos Capital Works Inc., which has managed a major Japanese equities mandate for Norges Bank Investment Management since 2008. About E.I. Sturdza E.I. Sturdza Strategic Management Limited (EI Sturdza) was formed in November 1999 and forms part of the Eric Sturdza Banking Group which is headquartered in Geneva. In total the group manages approximately USD 10 billion, of which circa USD 4 billion is attributable to EI Sturdza. EI Sturdza is responsible for the group’s fund activities, and bases its work on exclusive alliances with select portfolio managers who are all leaders in their sector and have solid, long-term track records. EI Sturdza provides its portfolio managers with an extensive infrastructure, which allows them to focus purely on portfolio management. You can find more information at www.eisturdza.com Press contact: edicto GmbH
24.04.2018 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
Language: | English |
Company: | EI Sturdza Strategic Management Limited |
Sarnia House, Le Truchot | |
GY1 1GR St Peter Port | |
Guernsey | |
Phone: | +44 1481 722 322 |
Fax: | +44 1481 710 884 |
E-mail: | info@eisturdza.com |
Internet: | www.eisturdza.com |
End of News | DGAP News Service |