These companies usually fall into one of two categories: durable growers that benefit from the current economic climate or transformational stories about to undergo some form of restructuring.
The team’s in-depth research allows them to be confidently contrarian, buying businesses they believe will grow in value over the long term, which are not yet appreciated by the rest of the market.
His focus on companies undergoing corporate change is aligned to Japan’s current economic and political climate, although patience is sometimes required to see these types of opportunities come to fruition.
For a long-term investor, this fund offers diversified exposure to Japan, with a manager who has the skill and flexibility to react to evolving market trends over time.
Darius McDermott is managing director of FundCalibre