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Nikko continues Ucits expansion with Japan fund

Nikko continues Ucits expansion with Japan fund

Nikko Asset Management has continued the expansion of its Ucits range with the launch of a portfolio focused on Japanese stocks.

The launch of the Luxembourg-domiciled Japan Focus Equity fund, managed by Yuki Watanabe, comes as part of plans to further develop the firm’s range.

“This latest fund builds on the success of Nikko Asset Management’s launch of the Asia ex-Japan Ucits fund in September 2015,” the company said in a statement.

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“The firm continues to expand its range of Ucits funds with further launches planned later in 2016, providing access to a broad range of exposures across developed and emerging markets.”

The Japan Focus offering aims to achieve capital growth by investing in around 30 stocks by focusing on fundamental research to spot companies that could benefit from long-term structural trends.

The new product is based on an existing fund, domiciled in Japan, which has been managed by Mr Watanabe since August 2012.

“Our Japan Focus fund has been launched in response to investor demand for specialist expertise in actively managed investments in Japan,” the manager said.

Ongoing charges for the product were not disclosed.