Asset Design delivers solid returns on Japan IPOs and astute stock-picks


The Asset Design Opportunistic fund was among June’s strongest-performing Japanese equity funds, returning 8.51% for the month and recording its biggest monthly gain since launch in September 2005. In the first half of the year, the fund had returned a hefty 22.77%.

Marketing manager Masashi Ichikawa attributed the month’s solid performance to the management team’s bets on initial public offerings in the Japan bio-sector, as well as the fund’s exposure to high-performers in sectors such as electronics, semi-conductors and heavy industries.

The strong run in Japanese equity markets in the first half of the year and the fund’s