BNP Paribas Asset Management has launched a Japan fund that will invest in mid cap growth stocks, which will be managed by Sparx Asset Management.
The fund is Luxembourg domiciled and will be available in the UK, Switzerland, Spain, Austria, Lebanon and Germany. This is the third Parvest Japan fund. The other two products are a Japan fund and a small cap.
According to the Parvest ten year after the bubble, Japan is showing encouraging signs of a change in trend. Japanese corporate earnings have increased steadily since 1993 and valuations and earnings prospects remain attractive. Research by Parvest shows the banking system healthier, merger and acquisition activity has recovered and the Japanese investment universe has been growing on average 134 stock market flotations per year since 1989.
Parvest research also shows mid caps represent 15% of the total Japanese equity markets and these stocks are often less researched by analysts and undervalued. The manager plans to take advantages of these market inefficiencies.
Putting the tech into protection
Square Mile’s series of informal interviews
Fallout from Haywood suspension
Launching later in 2019
£80bn funds under calculation