Quarterly update
Watch the investment team recap this quarter.
(Note: As at October 2025).
Investment objective
The ETF aims to provide capital growth over the long term by investing in a concentrated, actively managed portfolio of equity securities issued by Japanese companies.
The ETF is an actively-managed all-cap concentrated portfolio of 20 to 30 holdings, providing exposure to companies that are set to benefit from structural themes and trends in the Japanese Equity market.
Each company is considered principally on their own fundamental qualitative and quantitative characteristics, with a strict valuation discipline. The portfolio manager believes that operational excellence is a key driver of profitability and investment opportunities arise when free cash flow growth is underestimated by the market.
As such, portfolio construction seeks to manage risk exposure ensuring stock selection is the primary determinant of risk and return. The portfolio will ensure diversification across a variety of sectors, playing into themes and structural opportunities that are expected to outperform over time.
Note: There is no assurance that the investment process will consistently lead to successful investing.
About this fund
A concentrated portfolio of high conviction ideas
Seeks to generate alpha with an unconstrained, high conviction, localised investment approach.
Why invest in this fund
Localised investment approach
Experienced team with a proven track record, driven by local expertise and supported by a well-resourced firm.
Not style constrained
Built on a foundation of quality, the fund also considers mispriced quality companies on an opportunistic basis.
High conviction
Repeatable, fundamentals-driven process, investing in a concentrated portfolio (typically 20 to 30 holdings) of profitable businesses demonstrating cash-flow growth.
