DIAM Launches High-Conviction Japanese Equity UCITS Fund

Jun 21 2016 | 9:55pm ET

Japanese investment management behemoth DIAM has launched a UCITS-compliant fund that will target growth equity investments in Japan. 

Named the DIAM Japan Stock Pick Concentrated Equity Portfolio, the new fund is coming to market via DIAM’s London-based subsidiary, DIAM International, and is domiciled in Luxembourg. It will seek to capture gains in growth companies through bottom-up research-based stock picking that identifies companies with a value gap between their stock price and intrinsic value, according to a statement. 

The fund will be managed by Tomoaki Kouta, senior portfolio manager at DIAM in Tokyo, and will follow a concentrated, unconstrained, high conviction approach. It is aimed at addressing growing investor interest among European, Middle East and African investors for liquid Japanese equity vehicles, and will be available to investors in the EMEA region, DIAM International said.

DIAM has selected Carne for governance, distribution and oversight of the new fund. 

“DIAM International [is] committed to evolving our business to meet the needs of our clients, and launching UCITS is an important part of this strategy,” said Martin Pattinson, head of relationship management for EMEA said. “This competitive Japanese equity strategy is the first of several Japanese, Asian and liquidity funds that we are planning to launch to meet client demand.”

Tokyo-based DIAM is a joint venture between leading global bank Mizuho Financial Group and the Dai-ichi Life Insurance Company Ltd, Japan’s oldest insurance company.

The firm managed approximately $148 billion globally as of March 31, $70 billion of which is deployed in Japanese equity strategies. 

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