RWC is launching the Nissay Japan Focus Fund as a sub-fund to its Luxembourg Sicav, for investors who are seeking a Ucits compliant version of the existing Japanese Stewardship Fund alternative investment fund strategy.
the JSF AIF was launched in 2005 as a joint venture between RWC and Tokyo based Nissay Asset Management. RWC said the fund is up 79% since inception versus the Topix benchmark’s gain of 41%.
Dan Mannix, CEO of RWC, said: “Japan has long been cited as a market that would benefit from a focus on shareholder returns. That focus now exists, and there is a real opportunity to create value through engagement with Japanese companies, but it is essential that this is done constructively and in the right way.”
“The team at NAM together with their advisers at RWC have built one of the longest and most successful track records of engaging with companies to generate value in Japan. In addition, NAM has a deep-rooted and long-standing credibility in the Japanese equity market as a subsidiary of Nippon Life, one of the largest and the most seasoned institutional investors in Japan.”
“RWC’s team have had a nine-year joint venture with NAM, one that allows us to bring a Ucits version of the strategy to investors who have not previously been able to access the strategy. Investors have a real appetite for something a bit different in their Japanese allocations and it is supported by exceptional performance.”