Comgest celebrates inflows into local Japan fund

Tokyo_Kabuki-choInflows into a domestic Japanese equity fund launched by Comgest amount to a “big vote of confidence”, claims the French asset manager. The firm launched the fund last year as a locally domiciled version of its Irish-domiciled Comgest Growth Japan Ucits fund. Three Japanese fund-of-funds groups have made an initial investment of $25 million into the local fund, said Comgest. “Even with local offices, Comgest is very much considered a foreign fund manager in Japan, so it’s a big vote of confidence to attract domestic investors to our Japan equity strategy,” said Richard Kaye, portfolio manager. The fund aims to invest in a relatively small number of companies that are either based or operate in Japan. Significant holdings include logistics firm Daifuku, machinery franchise Keyence Corporation and cosmetics company Pola Orbis. The Ucits version of the fund has $444 million under management. ©2017 funds global asia

Executive Interviews

INTERVIEW: Joining the family

Dec 12, 2017

An acquisition has increased the visibility of Natixis investment managers in Australia. George Mitton talks to its local chief executive.

INTERVIEW: ‘It cannot be excluded’

Sep 27, 2017

Bond Connect’s launch means China’s onshore bond markets are more accessible than ever. Mo Ji, an economist at amundi, tells George Mitton why that matters.

Roundtables

REAL ESTATE ROUNDTABLE: In search of a home

Jul 17, 2017

From Korean warehouses to Chinese hospitals, investors’ holding periods are growing in Asia. But in a market awash with liquidity, so is competition for assets. Our panel in Hong Kong discuss real estate investment.

ROUNDTABLE: More transparency, less certainty

Mar 20, 2017

Our panel discussed exchange-traded funds, regulatory overdrive and whether mutual fund recognition has been a failure. Chaired by George Mitton in Hong Kong.