Japanese asset manager Yuki International has received the approval of the Belgian regulator FSMA at the end of November 2016 to distribute the open-ended Yuki Asia Umbrella Fund, domiciled in Dublin.
In this Ucits-compliant vehicle dwells a Japanese equity sub-fund, the Yuki Japan Rebounding Growth Fund, targeting institutional as well as professional investors.
According to fund literature, the strategy’s objective is to achieve both short- and long-term capital appreciation.
The fund, managed by Magotaka Oshitani, invests primarily in Japanese listed equities of companies which:
(i) are expanding and growing through their contribution to the growth of the Asian economy and also their contribution to wealth creation in the Asian countries,
(ii) possess strong competitiveness in industries expected to show significant growth in the future,
(iii) are restructuring their operations to strengthen or focus on industries expected to show significant growth in the future,
(iv) have higher long-term growth potential.
The Yuki Japan Rebounding Growth Fund can retain up to 100% in cash and/or money market instruments and Japanese government bonds.
Its stock selection process relies on a bottom-up analysis.
The JPY unit class of the fund has been launched in March 2011 while the USD hedged unit class was launched in 2015.
Established in 2006, Yuki International is the international investment arm of Yuki Group founded by Magoyuki Oshitani in 1991.