Japan: Opportunities after the earthquake
Tue Oct 18, 2011
In the first of an occasional series about under-represented strategies within the UCITS wrapper, Absolute UCITS editor Joy Dunbar explores the potential opportunities for Japanese equity UCITS strategies.
Japan is one of the smallest single-country strategies in
the absolute return UCITS equity universe. There are just eight
Japanese equity strategies listed on the Absolute UCITS
database, comprising six long/short and two market-neutral
The Japanese economy has long been associated with long-term
decline – stagflation, deflation and lost decades. But
with European and US economies going through a period of
deleveraging and fiscal tightening, the Japanese economy
appears to be recovering following the earthquake and tsunami
earlier this year.
Karori Tsujino from JP Morgan Asset Management
Japan is expected to have the highest growth among developed
countries – according to Karori Tsujino, the portfolio
manager of the JP Morgan Japan Market Neutral Fund, which uses
the UCITS structure.
"This is, in part, because of the earthquake," she says. "The
US and European countries are talking about spending cuts which
will negatively affect GDP growth. More and more we are...
ISSN: 2151-1845 / CDC10004H
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