Dalton Strategic Partnership (DSP), the global investment management firm, has launched the Melchior Selected Trust Japan Advantage Fund (MSTJAF). The fund is advised by Akira Yoshimi, a senior fund manager at FuNNeX Asset Management.
The MSTJAF typically invests in 80 to 120 larger cap stocks. Since inception, in June 2006, the MSTJAF has returned 8.45 percent against the return of the TOPIX Index of 5.36 percent in yen terms. Yoshimi currently has a portfolio of 119 stocks. The top ten stocks represent on average 20 percent to 40 percent of holdings.
“Within any large equity market such as the Japanese stock market, it is possible to make money for investors using a variety of different investment styles,” says Ken Nishizawa, the CIO and President of FuNNeX Asset Management. “At FuNNeX we have tended to focus on small and mid-cap growth stocks. I am delighted that Akira joined our firm because he tends to focus on large-cap, value style stocks and his long-term track record demonstrates that it is possible to make money from a value-orientation in the Japanese market.”
“We are delighted to introduce Akira Yoshimi to the international investment community. He is an outstanding Japanese equity manager with a strong following among Japanese institutional investors who have benefited from his stock picking skills over the last 12 years,” adds Magnus Spence, the Founding Partner of DSP. “Because of Yoshimi’s bias towards undervalued large cap stocks we expect that this fund will blend well in a portfolio that already enjoys exposure to Japanese small and mid-cap Japanese stocks. In particular, we believe this fund will complement the Melchior Selected Trust Japan Opportunities Fund which was launched earlier this year and is focused towards mid-cap growth stocks in Japan. “
The MSTJAF is the third sub-fund to be added to the Luxembourg-domiciled SICAV which had two sub-funds, Melchior Selected Trust Japan Opportunities Fund and the Melchior Selected Trust Asian Opportunities Fund. This Luxembourg domiciled SICAV has UCITs III status and was the first of its kind to be launched by DSP and has provided the basis for further expansion in Europe. In total the SICAV has USD 200 million under management.