Comgest merges Japanese equity funds

French asset manager Comgest has merged its French domiciled Comgest Japan Sicav into its Dublin-domiciled Comgest Growth Japan  Ucits fund since 21 April 2017.

All assets and liabilities have been transferred from Comgest Japan to Comgest Growth Japan and investors in the absorbed fund were issued with new shares.

The fund’s name, Comgest Growth Japan, remains unchanged as well as its management team and investment objectives, focused on quality long-term growth companies based or operating in Japan.

The fund, available in USD, GBP and EUR-denominated share classes had assets under management of around €284m as at 25 April 2017.

Arnaud Cosserat, Comgest CEO and CIO, said: “The merger of our two Japan funds is in line with our strategic approach to enhance Comgest’s international offering. The combined fund, with its larger AUM, will allow better access for our investors, many of whom operate with strict fund ratios to maintain.

“Likewise, the range of currency-hedged share classes offered by our Dublin fund enables investors to mitigate the impact of Yen currency fluctuations in a region that we believe continues to be an attractive proposition for long-term, quality growth investment.”

Comgest’s assets amounted to over €21.8bn as at 31 December 2016.

Adrien Paredes-Vanheule
Adrien Paredes-Vanheule is French-Speaking Europe Correspondent for InvestmentEurope, covering France, Belgium, Geneva and Monaco. Prior to joining InvestmentEurope, he spent almost five years writing for various publications in Monaco, primarily as a criminal and financial court reporter. Before that, he worked for newspapers and radio stations in France, in particular in Lyon.

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