Investment Insights 

FSSA Investment Managers - Japan Equities Update

October 2019

Over the past six months, global equity markets have remained weighed down by uncertainty. Meanwhile, in Japan, Prime Minister Abe’s announcement that consumption tax is set to rise from 8% to 10% this October has escalated fears of a pending recession.

FSSA Investment Managers - Japan Equities Update

March 2019

2018 was a challenging year for Japanese equities. While we usually prefer to talk about the companies we own rather than comment on the market or the economy, it was interesting to note that 85% of trades last year was on auto-pilot, controlled by machines, CTAs1 and quant funds.


Commodity Trading Advisors – or futures traders

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FSSA Investment Managers - Japan Equities Update

March 2018

The Japanese stock market rallied in 2017, surging past levels last seen in the early 1990s. A sustained recovery in global trade, as well as strong domestic sectors and continuous cost rationalisation provided a boost to Japanese corporate earnings, which grew at a much stronger pace than expected. In aggregate, net profits in the first half grew by around 20% year-on-year, beating estimates and consensus by a wide margin.

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FSSA Investment Managers - Japan Equities Update

July 2017

The Japanese proclivity towards excellence and product obsession, combined with more than two trillion US dollars of cash sitting on companies’ balance sheets, present an appealing investment opportunity.

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FSSA Investment Managers - Japan Equities Update

November 2016

In this report, the third of our regular updates on Japan equities, we highlight some of the key holdings in the Japan portfolio and our investment rationale for purchasing these stocks.

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FSSA Investment Managers - Japan Equities Update

April 2016

Insight on some of the key themes in the portfolio and companies we own, including a few new holdings that were added recently.

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