Mansartis

Customer space fr
ISR

Japanese
equities

Investing in Japanese companies is not simply a matter of focusing on the evolution of the nation’s domestic economy; but also on the growth of the emerging countries to which Japan is increasingly connected.
Joachim JanAsia Pacific Equity Fund Manager

Cumulative performance
as of 30th june 2020

  2020 1 month 3 months 1 year 3 years 5 years
MANSARTIS JAPON 4.49% 0.75% 18.44% 19.67% 41.55% 42.67%
TOPIX NR EUR -7.19% -1.32% 9.63% 4.76% 9.86% 21.56%

Net Asset Value
as of 30th june 2020

MANSARTIS JAPON 159.06€

Investment Strategy

The Japanese stock market tends to be neglected, yet it offers a rich pool of investment opportunities. Among the listed companies are numerous high-quality enterprises that are leaders in their respective sectors. Investing in Japanese companies is not simply a matter of focusing on the evolution of the nation’s domestic economy; but also on the growth of the emerging countries to which Japan is increasingly connected. Mansartis manages a portfolio based on strong convictions, built independently of the reference index, and composed of some 50 companies in which we have invested for the long term. We seek out growth companies in sectors with high barriers to entry, leaders in their respective industries, with durable competitive advantage. Many of the companies in our portfolio possess huge global or domestic market share, often in growth categories such as those related to aging populations, digital transformation or industrial automation.

Main holdings
as of 31st may 2020

Asahi Intecc 7.42 %
Keyence 6.07 %
Obic 5.89 %
Nihon M&A Center 5.39 %
Shin-Etsu Chemicals 5.34 %
Daifuku 5.14 %
M3 Inc 4.79 %
Monotaro 4.14 %
Murata Manufacturing 4.09 %
Hoya 3.81 %

Geographical breakdown
as of 31st may 2020

JAPAN 100.00 %

Sector breakdown
as of 31st may 2020

industry 23.24 %
healthcare 19.61 %
technology 18.21 %
c.staples 12.28 %
Others 26.66 %

Capitalisation breakdown
as of 31st may 2020

Large capitalisations : 58.71 % > 10 Billions
Mid capitalisations : 41.26 % 1 et 10 Billions

Risk / Reward indicator

To lower risk

To higher risk

Typically lower reward

Typically higher reward

1
2
3
4
5
6
7
Risk level 6 reflects a historic weekly volatility over 5 years of 15% to 25%. It is correlated with the equity exposure of the fund

IMPORTANT RISK NOT HELD IN THIS INDICATOR

Liquidity risk: in the event that trading volumes on the financial markets are low, the manager may not be able to sell the securities quickly under satisfactory conditions, which has a more or less significant impact on the purchase and sale price and in certain circumstances the overall liquidity of the fund.

Credit risk: this is the risk of deterioration in the credit quality of a public or private issuer or of default by the latter. In this case, the value of the debt securities in which the fund is invested may fall, leading to a fall in the net asset value of the fund.

Counterparty risk: there is a risk that the counterparty may default on forward exchange contracts.

  • Isin : FR0010206144
  • Bloomberg code : PGCJAPN
  • Legal form : FCP (FR)
  • Currency : EURO
  • Date of inception : 07/07/2005
  • Reference indicator : TOPIX NR EUR
  • Custodian : CACEIS BANK
  • Valuation : Daily
  • Management fees : 2% MAXIMUM
  • Subscription fees : 2% MAXIMUM
  • Redemption fees : None
  • Tax provision : NON PEA ELIGIBLE

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