Koyal Groupīs Tokyo Based asset division has achieved a milestone of $500 million in assets under management. Foreign investment has increased due to unprecedented economic reforms in Japan. The fund has outperformed the Nikkei by 4% annually.
(1888PressRelease) September 17, 2013 - TOKYO, Japan - Koyal Groupīs asset management division in Tokyo on Thursday announced that due to solid cash flow into its Japanese Undertakings for Collective Investments in Transferable Securities Fund (UCITS), allowing it to pass the $500 million of assets under management milestone. The recent in flow of cash is largely due to American and European investors looking to add diversity to their portfolios, and take advantage of the new opportune monetary policies.
The changing political landscape in Japan has renewed investor interest in the country. With the election of Prime Minister Shinzo Abe and the appointment of Haruhiko Kuroda Japan has seen sweeping economic reforms. Their polices called "Abenomics" involve setting inflation at 2% annually, deprecating the yen, aggressive quantitative easing and large amounts of public investment. These radical policy changes have made Japanese equities more favorable and greatly increased foreign investment in Japan.
The fund is managed through a bottom up approach, meaning that needs and desires of investors were used as the starting point rather than a market opportunity. The UCITS fund has outperformed the Nikkei Stock Average by 4% annually since its creating in 2007. The underlying strategy which has been managed by the same team has outperformed the Nikkei by 6% since its creation in 2005.
The team that manages the fund is headed by, Tamura Kaito, who came to Koyal Group in 2005 from JP Morgan Chase where he had success managing a variety of investment funds in his 18 year career there. Over the course of his career he has headed teams managing a combined $8 billion of assets.