The experienced team of stock-picking fund managers leverage their extensive network in Japan to help uncover under-researched companies across the market capitalisation spectrum, often finding the most promising opportunities in smaller companies. The strategy aims to generate capital growth by investing in shares that trade below intrinsic value and offer upside potential triggered by a catalyst.

Capitalising on the ongoing governance revolution in Japan, this dividend-focused strategy aims to deliver a meaningful and growing level of income, together with capital growth. The managers draw on their extensive local networks in Japan built up over more than two decades. They identify opportunities amid accelerating corporate change – finding companies in rude health that have the potential to return capital to shareholders by way of dividends and share buybacks.

A high-conviction, benchmark-agnostic and style-unconstrained strategy focused on the top 350 companies in Japan. The managers target long-term capital growth by investing in a segment of the market rich in operationally strong businesses, where misallocated capital, under-optimised balance sheets and limited market scrutiny create scope for change. The dynamic investment process combines on-the-ground insight, cultural understanding and bottom-up research to identify inflection points before they are fully recognised by the market.