Sumitomo Mitsui Trust Asset Management (SuMi TRUST), Japan’s largest asset manager, is seeding its new Japan Value Focus UCITS fund with JPY 1 billion of internal seed capital.
Asset Management One International (AMOI), which is part of Asset Management One Co., Ltd has launched an actively managed Japanese fixed income fund, widely available in the UK and Continental Europe.
Japan’s largest asset manager SuMi TRUST, with some USD609 billion in assets has brought its Sakigake High Alpha Fund to Europe, with a high alpha version offered in the UCITs structure since 2018. Since November 2024 the UCITS fund has been made available to UK investors.
Yuko Iizuka, Economist at Asset Management One, writes that enthusiasm amongst overseas investors for Japanese equities has gone through a sea change as Japan finally emerged from a period of negative interest rates, slow economic growth and deflationary pressures.
Anton Tonev, head of strategy, Trium Larissa Global Macro writes that the weakness of the Japanese Yen (JPY) is becoming disorderly to the extent it is starting to worry the Ministry of Finance (MOF), prompting it not only to ask the Bank of Japan (BOJ) to intervene directly in the currency market but also putting pressure on the central bank to expedite and increase the pace of interest rate hikes.
Electronic marketplace Tradeweb Markets has announced that institutional clients executing Japanese Yen swaps on its Multilateral Trading Facilities (MTFs) and Swap Execution Facilities (SEFs) can now clear their transactions via the Japan Securities Clearing Corporation (JSCC).
