Investment Japan
Ever since Japan’s Financial Services Agency (FSA) released “Progress Report on Enhancing the Asset Management Business 2020” last June, a hot topic in the country has been the use of subadvisors to enhance asset management capability. Many of the world’s leading assets managers have served as subadvisors in Japan’s
toshin market, but it is only with the recent success of foreign equity funds that their role has drawn significant attention. (
T
toshi-shintaku, or investment trust akin to mutual funds and closed-end funds in the U.S.)
Shoko Shinoda, Fund Analyst of Rakuten Securities Inc. says, “There has been an excessive focus on cost in the last few years, and subadvisors have been regarded as a contributor to increased costs. With the recent strength of the stock market, however, investors have realized that performance outweighs cost. Funds that have performed well, such as Baillie Gifford and ARK, have attracted attention and, as a result, the
Japan
Mamoru-oizumi
Shoko-shinoda
Yasuo-sasai
Baillie-gifford
Pimco
Fund-analyst-of-rakuten-securities-inc
Goldman-sachs
Product-development-division
Japan-financial-services-agency
Fund-management-division
Jp-morgan