Investment Characteristics
We aim for higher returns by refining target investments to a small number of stocks through optimal use of the research resources and investment management processes of GARP products, analyzing the intrinsic value of companies by focusing on earnings growth. A small, strictly selected portfolio directly reflecting analyst ratings is utilized in pursuit of active return in relation to the stock markets.
Investment Style
Growth at a Reasonable Price (GARP)
Investment Target, Sources of Excess Return
TOPIX (including dividends) is used as a benchmark. We aim to exceed this benchmark by at least 5% over the medium to long term. Sources of excess return are based solely on the selected individual stocks.
Investment Process
Initially, the sector analyst conducts a thorough research of the issues as an individual company valuation and creates an investment stock list for each of our 21 sector classifications. Ratings A to E are assigned for each industry sector and an investment priority order is determined. Stock research evaluates intrinsic value, focusing on growth potential, and reasonableness (undervaluation) of market value. After analyzing and understanding potential market demand and growth potential, the portfolio manager determines the policy for growth opportunity, in principle prioritizing A-rated stocks, refines the investment portfolio and sets the weighting.
Information on strategy risks and fees will open in a different window.
