Japanese fund giant launches first UCITS offshore fund

Tokyo-based asset management firm DIAM has launched its first UCITS-compliant Japanese equity fund, to meet investor interest among European, Middle East and African investors.

The DIAM Japan Stock Pick Concentrated Equity Portfolio, one of a series of new launches that the firm is readying in the coming months, will be managed by senior portfolio manager Tomoaki Kouta from the company’s Tokyo headquarters, the company said in a statement.

The fund is DIAM’s first UCITS-compliant fund launched through its London-based subsidiary, DIAM International.

The DIAM Japan Stock Pick Concentrated Equity Portfolio will seek to capture gains through investment in growth companies, through bottom-up research-based stock picking that identifies companies with a value gap between their stock price and intrinsic value; it then invests intensively in these to capture the capital gains.

The DIAM Group currently manages around US$70bn of Japanese equity strategies on behalf of pension funds, financial institutions, endowments and other large institutional and corporate investors in the EMEA region and has more than US$148bn in assets under management globally, as at 31 March 2016.

‘First of several Japanese, Asian and liquidity funds’

“DIAM International are committed to evolving our business and launching UCITS is an important part of this strategy,” said Martin Pattinson, DIAM International, head of relationship management, 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.”

DIAM International have appointed Carne, an international specialist in the provision of ongoing governance and oversight for UCITS funds, for the management of this Luxembourg domiciled UCITS fund.

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

Carne has fund directors resident in various fund jurisdictions, including the Cayman Islands, Channel Islands, Ireland, Luxembourg, Switzerland, the UK and USA.

Gary Robinson
Head of Video and Ezines at Open Door Media Publishing. Deputy Editor, International Investment. An experienced journalist and filmmaker with more than 20 years' financial services experience, both as journalist and originally as a fully qualified IFA, Gary works across both International Investment and InvestmentEurope titles. Previous video production credits include projects on BBC, C4 and SKY.

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