Research Trip to Japan

Our colleagues Dr. Jochen Kleeberg and Mark Heiden are still enthusiastic about their research trip to Japan together with Martin Schneider and Steffen Schiedewitz of SOKA-Bau to conduct in-depth on-site due diligence for the exciting asset class of Japanese equities. After the tremendous drawdown of Japanese equities past the asset price bubble of the late 80’s, Japanese equities today are an asset class that is often overlooked and underinvested by international investors. Given this, currently the asset classes’ great breadth and informational inefficiency offer great opportunities for active management. Because of the recent price momentum, low valuations and past and ongoing structural reforms, the investor sentiment is changing for the better and Japanese equities seem well placed to continue to enjoy structural tailwinds for the foreseeable future. Our colleagues got to engage with top class asset managers and have been thrilled to learn more about the specific quirks and the market microstructure of today’s Japanese equity markets.