Strategy map
September 21, 2021
by Japan Equity Universe (exclude long/short only)
by Japan Equity Universe (exclude long/short only)
- Private: Japan Only Private Equity/Debt
- Private: Japan Only Real Estate/Real Asset
- Japan Equity Universe (exclude long/short only)
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| Core | GARP | Engagement | |||||||||||||
| [Definition] (1)Invest in companies with stable Free Cash Flow Growth (2)Well-established Brand |
[Definition of Value] (1)Portfolio primarily consists of stocks that are expected to have an above-average capital appreciation rate relative to the market. (2)Generally have lower dividend yields and higher P/E ratios than Core or Growth counterparts. |
[Definition] (1)Invest in companies which need impact from outsider to lift value. (2)Frequent communication with corporate managers. At least more than one time in every quarter. (3)Holding # of stocks around/under 30. (4)Improve company, mainly focusing on IR and/or financial capital structure. |
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| [Definition of Growth] (1)Portfolio primarily consists of stocks that may be trading at a price lower than its fundamental or intrinsic value. (2)Generally have higher dividend yields and lower P/E ratios than Core or Value counterparts |
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| >> First Sentier (First Sentier Japan Equity Fund) | >> Nippon Value Investors (Nippon Value Investors Japanese Equity) | Taiyo (Taiyo Fund) | |||||||||||||
| MFS (Japan Concentrated Equity) | Resona AM (Resona Japan Equity Value Research Alpha Fund) | >> VARECS (VARECS Japan Equity Small Cap) | |||||||||||||
| Lindsell Train (Japanese Equity) | Wellington Management (Japan Value Realization) | >> Aizawa (Asuka Value Up) | |||||||||||||
| >> Comgest (Comgest Japanese Equity) | Invesco (Japanese Equity Value Discovery) | >> Strategic Capital (Strategic Capital Japan-Up Unit Trust) | |||||||||||||
| Dalton Investments (Dalton Japan Equity) | >> Symphony (SFP Value Realization Fund) | ||||||||||||||
| Natixis/Harris Associates (Harris Japan Equity) | GO Investment Partners (The TMAM-GO Japan Engagement Fund) | ||||||||||||||
| Nikko (Japan Value Equity Strategy (Fundamental Value)) | |||||||||||||||
| Sumitomo Mitsui DS Asset (DS_Japan Equity Value Plus Alpha) | |||||||||||||||
| >> KU and Associates (KUAssociates Value) | |||||||||||||||
| Pictet (Pictet Japanese Equity Selection) | |||||||||||||||
| Asset Management One (Research Active GARP) | |||||||||||||||
| RBC Global (RBC Japan Equity) | |||||||||||||||
| Lazard (Japanese Strategic Equity) | |||||||||||||||
| Fidelity Institutional (Japan Sustainable Growth) | |||||||||||||||
| Nomura (Nomura Japan Active Growth Equity) | |||||||||||||||
| J.P. Morgan Investment (JPM Japan Growth) | |||||||||||||||
| (Source) HC Asset Management, based on the information provided on eVestment and homepage of each company (as of June, 2021) | |||||||||||||||
| (Screning criteria): Selected from funds with product AUM \5 bil. and above, Open to new investment and database available in JPY and etc. | |||||||||||||||
| Definitions of equity style emphasis based on both eVestment’s and HC’s independent guideline. | |||||||||||||||