Back in August 2023 we published a report which looked at whether Japan’s equity performance was sustainable. As we stand in February 2024, Japan’s main stock market index has just climbed past its all-time high after a 34-year wait, exceeding the record level reached during the late-1980s.
With Japanese stock markets having finally broken through their 1989 highs, we revisit Alex Stout’s popular “Not Just a Flash in Japan” report.
Alex’s report details key drivers of recent returns and why Japanese equities offer attractive long-term investment opportunities. Japan has a material weighting in our Global Sustainable Opportunities fund, representing over 17% of the portfolio versus less than 6% in the MSCI ACWI index.
Find out more about which companies we think offer the best risk-reward and how we have been supporting returns with active engagement by visiting our fund centre below:
For professional investors only.
This document has been prepared by River Global Investors LLP (“RGI”). RGI is authorised and regulated in the United Kingdom by the Financial Conduct Authority (Firm Reference No. 453087) and is registered in England (Company No. OC317647), with its registered office at 30 Coleman Street, London EC2R 5AL. The value of investments and any income generated may go down as well as up and is not guaranteed. An investor may not get back the amount originally invested. Past performance is not a reliable guide to future results. Changes in exchange rates may have an adverse effect on the value, price or income of investments. This article does not constitute an investment recommendation and should not be used as the basis for any investment decision. Opinions, estimates and projections in this article constitute the current judgement of the author as of the date of this article. Please note that individual securities named in this article may be held by the Portfolio Manager or persons closely associated with them and/or other members of the Investment Team personally for their own accounts. The interests of clients are protected by operation of a conflicts of interest policy and associated systems and controls which prevent personal dealing in situations which would lead to any detriment to a client.
