Important Risk Warning. Investors should note that all investments involve risks (including the possibility of loss of the capital invested).  Past performance is not necessarily a guide to future performance, and no representation or warranty, express or implied, is made regarding future performance.  The value of investments and the return from them can go down as well as up and investors may not get back the amount originally invested and may lose all of their investment.  There may be other significant risks associated with the characteristics of a particular product and investors should read the offering documents for details and relevant risk factors.

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 SMD-AM 16+ years

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Invest with us

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

Source: SMDAM

Teck NG

Teck NG

Managing Director, Head of Sales & Marketing

Clare 2.0

Clare FOK

Senior Vice President, Sales & Marketing

Shelly 2.0

Shelly WU

Vice President, Sales & Marketing

Bora 2.0

Bora LEUNG, CFA

Assistant Vice President, Sales & Marketing

 

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The information contained in this material has been obtained from sources that are deemed to be reliable and is made available solely for informational purposes. SMDAM(HK) makes no representations or warranties as to the information and does not guarantee its accuracy, timeliness, completeness or usefulness. You are advised to exercise caution in relation to this material, and if you are in any doubt about the contents of this material, it is recommended that you should seek the advice of an independent professional. This material and the information it contains are strictly confidential, the property of SMDAM(HK), and are intended exclusively for the intended recipients. The written consent of SMDAM(HK) is required before it can be replicated or distributed to third parties or used for any other purpose, except as required by law or regulatory requirements. It is not intended for distribution or use by any individual or entity in any jurisdiction or country where such distribution or use would be in violation of local law or regulation.  SMDAM(HK) and its affiliated entities accept no liability whatsoever for any consequences, whether direct or indirect that may arise from any third party’s use of information contained in this material.

This material is not intended to serve as an invitation, offer, solicitation or recommendation for any investment strategy or the purchase or sale of securities, including shares or units of funds. Any views, analyses, perspectives expressed, and references to companies should not be construed as recommendations or endorsements by SMDAM(HK). All comments, opinions, data and forecasts in this material are based on the information available at the time of drafting, and are subject to change without prior notice in response to market and other conditions. The information provided does not constitute investment advice and should not be relied upon as such.

This material may contain certain statements that may be deemed to be forward-looking statements. Please note that any such statements are not guarantees of future performance and actual results or developments may differ significantly from those projected. No assurance can be given that the investment objective of any investment products will be achieved. No representation or promise as to the performance of any investment products or the return on an investment is made. This material does not have any regard to the specific investment objectives, financial situation and the particular needs of any specific person who may access or receive this material.

Investment involves risk, including the possible loss of principal amount invested. The past performance information of the market, manager and investments and any forecasts on the economy, stock market, bond market or the economic trends of the markets are not indicative of future performance. Any investment decisions made by investors should not be solely based on this marketing material. Investors should refer to the fund’s offering document in order to fully understand the associated risk factors. The value of an investment may go down or up. The final decision in relation to any investment in any stock, companies or markets referred to in this material should be made by you. If investment returns are not denominated in HKD or USD, US/HK dollar-based investors will be exposed to exchange rate fluctuations.

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