SYZ Asset Management: Three phenomenal years for OYSTER Japan Opportunities

Feb 26, 2016 07:00 JST

Source: Banque SYZ SA

GENEVE, CH, Feb 26, 2016 - (ACN Newswire) - Thanks to pragmatic management combining conviction and flexibility, the OYSTER Japan Opportunities fund has obtained one of the best performances of the Lipper ranking over three years by being ranked in the first decile.

Flexible and robust conviction-based management

Joel Le Saux, the head of the OYSTER Japan Opportunities fund for the last three years, works together with Yoko Otsuka, his analyst. They regularly travel to Japan to meet with the companies held by the fund, but also to find new investment opportunities. The management process is based on fundamental analysis aimed at determining the intrinsic value of the companies analysed. With around 50 stocks, the portfolio consists of growth mid-caps that are less sensitive to the economic cycle, but also large companies that by nature are more sensitive to the economic situation.

Consistent performance through all market phases

The OYSTER Japan Opportunities fund has posted excellent performances over three years: +80.1% versus +64.5% for the Topix Total Return and +57.1% for its peers[1], thereby ranking it in the first decile of the Lipper ranking. Also, thanks to the flexible management style, its volatility is among the lowest of its peer group and its return profile is asymmetric. On average, the fund falls less than the market while benefiting from a rising market. The fund therefore offers a real alternative to passive management and posts more consistent performances over the long term than the growth or value approaches.

Sharply rising stock market, notwithstanding an erratic macroeconomic context

In spite of the expectations created by Abenomics, the Japanese economy treaded water in 2015, once again confirming its inability to achieve a sustainable rebound. Over the past three years, however, the Japanese stock exchange has recorded one of the best performances worldwide, a rise driven by the strong growth in corporate earnings. While the yen's weakness over the last three years has had a positive impact on export companies' results, it is not the only explanatory factor behind this positive trend. According to Joel Le Saux, listed companies' profitability has been significantly boosted by their refocusing on key hubs (large cities) as well as restored pricing power due to the reduction in surplus production capacity. During his recent trip to Japan, he also emphasised the benefits of the labour shortage and the declining unemployment, two positive figures for stimulating consumption. He also sees the continuous growth in international tourism to Japan, driven by the weak yen, as another positive theme.

Administrative information

OYSTER Japan Opportunities
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Available classes                    Management fee   Performance fee
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Class C JPY PR                                1.50%      10% relative*
Class R JPY PR                                1.00%      10% relative*
Class C USD HP PR                             1.50%      10% relative*
Class C EUR HP PR                             1.50%      10% relative*
Class R EUR HP PRR                            1.00%      10% relative*
Class N EUR HP PR                             2.00%      10% relative*
Class I JPY PR                                0.75%      10% relative*
Class I EUR HP PR                             0.75%      10% relative*
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* The percentage indicated for the performance fee applies to net annual outperformance relative to the following benchmark: Topix Net TR (Ticker TPXNTR, in JPY).

Risk/return profile: 

Lower risk                                                Higher risk
Potentially lower return                    Potentially higher return
1          2          3          4          5         ( 6 )         7

Cumulative returns as at 01.02.2015 (Class R JPY PR)

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Period                               Fund          Topix Total Return
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1 year                             +17.4%                       +5.8%
3 years                            +80.1%                      +64.5%
2015                               +19.8%                      +12.1%
2014                                +8.8%                      +10.3%
2013                               +50.9%                      +54.4%
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The prospectus, the key investor information, the articles of association, as well as the annual and half-yearly reports on the funds may be obtained from the representatives and paying agents.

For any further information, please contact:

Moreno Volpi
Tel.: +41 (0)58 799 16 98
Email: moreno.volpi@syzgroup.com

About SYZ Asset Management*

SYZ Asset Management, the institutional asset management division of the SYZ Group, provides investment solutions to Swiss and international institutional investors, such as pension funds, insurance companies, corporations and investment funds. SYZ Asset Management meets the highest standards in terms of institutional management and service to its clients using its own resources as regards economic research and financial analysis as well as in portfolio management and risk management.

* Any reference to SYZ Asset Management (SYZ AM) in this document, should be construed as being a reference to any one or more of the legal entities, listed below, dependent on the particular jurisdiction in which the document is published, subject to the investment products and services referred to herein being available to potential investors or categories of investors in such jurisdictions.

SYZ Asset Management (Luxembourg) SA, SYZ Asset Management (Suisse) SA, SYZ Asset Management (Asia) Limited, SYZ Asset Management (Europe) Limited, SYZ (France) SAS

About SYZ Group

Founded in 1996 in Geneva, Swiss banking group SYZ focuses exclusively on asset management via two complementary pillars: high-end private banking and asset management. SYZ employs 580 staff and has CHF 40 billion in assets under management (EUR 39 billion, USD 40 billion). Headquartered in Geneva, the Group also has offices in Zurich, Lugano, Locarno, Milan, Madrid, Barcelona, Bilbao, Zaragoza, London, Luxembourg, Brussels, Paris, Dubai, Johannesburg, Miami, Nassau and Hong Kong. www.syzgroup.com

About OYSTER Funds

OYSTER is SYZ Asset Management's UCITS investment fund range, developed by SYZ Asset Management to address the needs of a diversified client base including professionals. With a strong commitment to performance, this Luxembourg SICAV comprises nearly 30 sub-funds, covering a variety of asset classes, markets and investment styles. OYSTER is currently registered and/or distributed in various European and Asian countries through a vast distribution network. To satisfy a discerning and demanding client base, SYZ Asset Management entrusts management of its OYSTER funds to internal and external fund managers. A number of strategies have resulted in certain sub funds being the recipients of internationally recognized awards. www.oysterfunds.com

This document has been issued in the UK by SYZ Asset Management (Europe) Limited (authorized and regulated by the FCA with reference number 666766)

Disclaimer

Oyster SICAV is an open-ended multi-fund investment company established and regulated in Luxembourg and is managed by SYZ Asset Management (Luxembourg) SA which is described in this document as "SYZ Asset Management". Oyster SICAV is recognised by the FCA under s. 264 Financial Services and Markets Act 2000 with reference number 534187. This document has been issued in the United Kingdom by SYZ Asset Management (Europe) Ltd (authorised and regulated by the FCA (with reference number 666766). SYZ Asset Management (Europe) Ltd market the Oyster SICAV in the UK and copies in English of the SICAV's current Prospectus and Key Investor Information Document can be obtained from them. Instructions to purchase or redeem shares of any class available to UK Investors can also be placed with them. Potential investors in the United Kingdom are advised that none of the protections afforded by the UK regulatory system will apply to an investment in any Oyster SICAV sub fund and that compensation will not generally be available under the Financial Services Compensation Scheme. An investment in sub-funds of Oyster SICAV involves risks that are more fully described in the Prospectus. The content of this advertisement is provided solely for information purposes and constitutes neither a recommendation to buy or sell. Always consider taking independent investment advice from a person authorised and regulated by the FCA prior to investing.

[1] Source: Lipper from 01.02.13 to 01.02.2016. R JPY PR share class. Past performance does not guarantee or predict future performance. Reference to an index is made for comparison purposes only. The index is not mentioned in the investment policy of the sub-fund.

Press release: http://hugin.info/166509/R/1989618/730706.pdf

Source: Banque SYZ SA
Sectors: Daily Finance, Daily News