Asian fund giant Asset Management One International is to open a multi-cap Japanese equity fund as part of a string of launches designed to build its presence in Europe.
The firm, the London-based subsidiary of Asset Management One Co., which runs over $462 billion (£362 billion), said the Japan Opportunities Portfolio will take a multi-cap approach, blending a top down and bottom-up investment approach.
The Luxembourg-domiciled fund will be managed by Tokyo-based Yoshitaka Sakai and be run with a high conviction approach.
Asset Management One International chief executive officer Hidetoshi Yanaghira said the company has plans to launch a number of funds over the coming years as it looks to expand its geographic footprint.
‘Asset Management One are committed to meeting the needs of our clients and continuing to evolve our investment solutions and expanding our Ucits offering is an important part of our business strategy.
‘The Japan Opportunities Portfolio is part of our series of specialist Ucits funds providing broader access for our investors throughout Europe, with more Funds to be launched over the coming years.’
Carne has been appointed to oversee the governance of the Ucits range.
Asset Management One, which is headquartered in Tokyo, is a joint venture between its two parent companies, Mizuho Financial Group and the Dai-ichi Life Holdings, and one of Japan’s largest asset managers.