Hedged share classes for Japanese Equity Growth Fund
02 April 2014
Global asset manager, Standard Life Investments has launched currency hedged share classes for its £159m*Japanese Equity Growth OEIC Fund. This development offers investors the flexibility to access the Japanese equity market in local currency terms, mitigating the risk of sterling-yen exchange rate volatility.
The Fund has been managed by Standard Life Investments’ strategic alliance partner, Sumitomo Mitsui Trust Bank Limited (SuMi TRUST) since October 2010. Over this period, it has produced top quartile performance and has returned 25.93% to investors versus the IMA Japan sector average of 21.19%**.
Jacqueline Lowe, Head of UK Wholesale Business, Standard Life Investments, said:
“This is an exciting development for investors in our Japanese Equity Growth Fund and indeed for our UK mutual fund range as a whole. We have engaged with clients and leveraged on our experience of running hedged share classes on our SICAV range of funds. Although we have no imminent plans to launch additional hedged share classes on our UK mutual fund range, we would not rule this out for future consideration. As a leading asset manager, we are committed to offering our investors a wide and appropriate universe of investment solutions along with exceptional long-term investment returns.”
The largest asset manager in Japan and one of the leading investment managers in Asia, SuMi TRUST entered into a strategic alliance with Standard Life Investments in July 2010. The Fund is managed by Shigeru Oshita, an industry veteran with 25 years investment experience and his Japan-based team of investment professionals, using a robust and repeatable investment process. Mr Oshita draws upon stock analysis from a team of 26 analysts (the largest buy-side, in-house research team in Japan) with coverage of over 90% of the First Section of the Tokyo Stock Exchange.
* Source: Standard Life Investments as at 31/03/14
** Source: FE Analytics, retail share class, for the period 27/10/10 - 31/03/14