DOCSLIB.ORG

Guide to Etfs for Wealth & Asset Managers

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Guide to Etfs for Wealth & Asset Managers www.etfexpress.com special report September 2015 Guide to ETFs for Wealth & Asset Managers Rise in ETF usage Currency hedged Abenomics aids by wealth and ETFs boom under Japanese market, asset managers Swiss care UK sees RDR boost CONTENTS In this issue… 03 ETF usage by wealth managers in the UK is on the rise By Beverly Chandler 05 Abenomics invigorates Japanese ETFs Interview with Koei Imai & Geoffrey Post, Nikko Asset Management 07 Currency hedged ETFs boom under Swiss care Interview with Andrew Walsh, UBS 11 Investing smart with buyback ETFs By Fannie Wurtz, Amundi 13 Asserting fundamentals over sentiment By Nitesh Shah, ETF Securities 16 Pioneer ETF firm offers essential range Interview with Arnaud Llinas, Lyxor Asset Management 18 RDR aids ETF growth in the UK Interview with Hector McNeil, WisdomTree Europe Publisher Managing Editor: Beverly Chandler, [email protected] Contributing Editor: James Williams, [email protected] Online News Editor: Mark Kitchen, [email protected] Deputy Online News Editor: Leah Cunningham, [email protected] Graphic Design: Siobhan Brownlow, [email protected] Sales Managers: Simon Broch, [email protected]; Malcolm Dunn, [email protected] Marketing Administrator: Marion Fullerton, [email protected] Head of Events: Katie Gopal, [email protected] Head of Awards Research: Mary Gopalan, [email protected] Chief Operating Officer: Oliver Bradley, [email protected] Chairman & Publisher: Sunil Gopalan, [email protected] Photographs: iStock Photo Published by: GFM Ltd, Floor One, Liberation Station, St Helier, Jersey JE2 3AS, Channel Islands Tel: +44 (0)1534 719780 Website: www.globalfundmedia.com ©Copyright 2015 GFM Ltd. All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted, in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without the prior permission of the publisher. Investment Warning: The information provided in this publication should not form the sole basis of any investment decision. No investment decision should be made in relation to any of the information provided other than on the advice of a professional financial advisor. Past performance is no guarantee of future results. The value and income derived from investments can go down as well as up. GUIDE TO ETFs Special Report Sep 2015 www.etfexpress.com | 2 OVERVIEW ETF usage by wealth managers in the UK is on the rise By Beverly Chandler Boutique asset managers favour ETFs Wealth and asset managers in the UK was one of the findings of a recent survey are increasingly using ETFs for their clients conducted by research firm TABB Group portfolios and the direct result can be found for software company SunGard. Some 48 in the news that ETF assets have overtaken per cent saw ETFs as an area of significant hedge fund assets. demand from investors, with many boutique The second quarter of 2015 saw ETFGI managers using ETFs as a low cost way of reporting that there was USD2.971 trillion investing in an asset class and bolstering invested in the 5,823 ETFs/ETPs listed performance through stock picking and direct globally at the end of Q2 2015, while hedge investment. fund assets over the same period stood at Commenting on the research, Trevor USD2.969 trillion, invested in 8,497 hedge Headley, head of product management of funds according to Hedge Fund Research. SunGard’s boutique asset management The two industries have been locked into business, says that ETFs are increasingly a step-by-step competition for greater assets being used as by this group as an efficient within the alternative sector since ETFs base for focused portfolio construction. arrived on the scene, over 20 years ago, but 9 GUIDE TO ETFs Special Report Sep 2015 www.etfexpress.com | 3 C M Y CM MY CY CMY K NIKKO ASSET MANAGEMENT Abenomics invigorates Japanese ETFs Interview with Koei Imai & Geoffrey Post There are convincing signs, including the a local manager with significant assets. recent 18-year high of the Nikkei share index, “We can invest at a lower cost resulting in that Abenomics is reinvigorating the world’s superior tracking,” Post says. “One of the third largest economy. The Japanese ETF areas we are proud of is the quality of our industry too has enjoyed tremendous growth ETFs – a low tracking difference is one of under Prime Minister Shinzo Abe’s economic the investors’ key decision criteria when reforms and now some leading Japanese ETF looking at these products.” providers are courting Western investors. One of the developments of Abenomics Nikko Asset Management, one of the has been the launch of the Nikkei JPX 400; pioneers of the ETF business in Japan, a new index composed of companies with launched their first ETF back in 2001. Tokyo- Koei Imai, head of ETF Centre, high appeal for investors and designed to based Koei Imai, head of the firm’s ETF Nikko Asset Management drive change in corporate Japan. Centre, explains that the Japanese ETF “It is a very interesting story and an market underwent significant deregulation important tool for investors as Japanese in 2007 in an effort to encourage greater institutions migrate to this as the default product innovation. Nikko Asset Management index,” Imai explains. “It gives them the saw this as an opportunity and today the opportunity to invest in companies with firm is Japan’s second-largest ETF provider. high profitability and return on investment London-based Geoffrey Post, who is as well as good governance.” Nikko Asset responsible for developing Nikko Asset Management was one of the first to launch Management’s ETFs in Europe, explains: “As an ETF based on the Nikkei JPX400 in Asia’s premier global asset manager our focus January 2014, now the fund has USD500 is on bringing Asian investment solutions to million under management2. western investors as well as global investment Geoffrey Post, head of Real estate investment trusts (REITS) is solutions to Asian investors.” ETFs Europe, Nikko Asset another area in which the asset manager is Management He notes that the firm is differentiated seeing growth. The firm has USD800 million from the majority of large established under management in Japanese REITS and managers investing in Asian markets, as it is Imai reports that it is popular with institutions headquartered in Asia and the majority of its and private investors3. “Real estate in Japan investment professionals are based in Asia. is recovering,” he says, “and there is extra The firm manages USD160 billion in total momentum from the 2020 Olympics and assets1, including USD37 billion of indexed associated development projects, plus in assets. The firm’s TOPIX ETF has USD10.5 a low global interest rate environment the billion under management while their Nikkei current yield is competitive.” 225 ETF has USD12 billion. Imai believes that the ETF market is The ETF range from Nikko Asset poised to continue to grow rapidly in Japan; Management offers distinct advantages. at a recent seminar with investors from “We are in a good position to provide 12 Japanese banks ETFs dominated the products that are run from the local Asian discussion. “Previously, people were not markets,” Post says. “There are a number motivated to invest in the Japanese market of advantages but in particular people can but now due to Abenomics, ETFs are invest when the local markets are open expected to grow significantly,” Imai says. which provides transparency and efficiency Imai adds that the changing needs of for investors.” 1. AuM as of 03/31/2015. investors means the firm is looking beyond 2. AuM as of 06/30/2015. There are other advantages to being 3. AuM as of 06/30/2015. traditional ETF strategies. n GUIDE TO ETFs Special Report Sep 2015 www.etfexpress.com | 5 I am currency hedged. Access a range of well diversified, liquid and currency hedged investments. UBS ETFs. With exchange traded funds (ETFs), you can add almost any index in the world to your portfolio. Exchange-rate fluctuations can reduce investment returns. It is comforting to know that you can hedge against foreign exchange risk: with currency-hedged UBS ETFs. ubs.com/etf For marketing and information purposes by UBS. For Professional Clients only. It is not to be distributed to or relied upon by Retail Clients under any circumstances. This document has been issued by UBS AG, a company registered under the Laws of Switzerland. Issued in the UK by UBS Global Asset Management (UK) Ltd, authorised and regulated by the Financial Conduct Authority. This document is for distribution only under such circumstances as may be permitted by applicable law. The products or securities described herein may not be eligible for sale in all jurisdictions or to certain categories of investors. Source for all data and charts (if not indicated otherwise): UBS Global Asset Management. © UBS 2015. The key symbol and UBS are among the registered and unregistered trademarks of UBS. All rights reserved. E8 5Z_1018_UBS_ETFQ2_210x297_EN-UK_v1.indd 1 27.08.15 15:53 UBS Currency hedged ETFs boom under Swiss care Interview with Andrew Walsh Swiss bank UBS, headquartered in Zurich between GBP100 million and c. GBP20 billion has been offering ETFs for some time across in assets under management. continental Europe but it was only in the last He is also seeing more sophisticated few years that they entered the UK market independent financial advisers using from which point their business has been ETFs and an increase in the number of gaining strong momentum ever since. independent financial advisers attending ETF Andrew Walsh, head of UBS ETFs sales events and searching out more information in the UK, explains that the long history of on the sector.
Load more

Recommended publications
  • Vanguard® 500 Index Fund - Admiral™ Shares 06-30-21
    Release Date Vanguard® 500 Index Fund - Admiral™ Shares 06-30-21 .......................................................................................................................................................................................................................................................................................................................................... Category Large Blend Investment Objective & Strategy Portfolio Analysis From the investment's prospectus Composition as of 06-30-21 % Assets Morningstar Style Box™ as of 06-30-21 % Mkt Cap The investment seeks to track the performance of the U.S. Stocks 99.0 Large Giant 51.39 .......................................................... Standard & Poor‘s 500 Index that measures the investment Non-U.S. Stocks 1.0 Mid Large 33.89 return of large-capitalization stocks. Bonds 0.0 Medium 14.65 The fund employs an indexing investment approach Cash 0.0 Small Small 0.07 designed to track the performance of the Standard & Poor's Other 0.0 .......................................................... Micro 0.00 500 Index, a widely recognized benchmark of U.S. stock Value Blend Growth market performance that is dominated by the stocks of large U.S. companies. The advisor attempts to replicate the target Top 10 Holdings as of 06-30-21 % Assets Morningstar Equity Sectors as of 06-30-21 % Fund index by investing all, or substantially all, of its assets in the Apple Inc 5.92 h Cyclical 31.06 .......................................................................................................
    [Show full text]
  • Equity Index Fund Profile Information Current As of 03/31/2021
    Equity Index Fund Profile Information current as of 03/31/2021 Risk/Reward Indicator Lower Risk/Reward Higher Risk/Reward Investment Objective Investment Managers The investment objective of the Equity Index Fund is to replicate the The Equity Index Fund is comprised of the following manager: return of the Standard & Poor’s (S&P) 500 Index. The Equity Index BNY Mellon Fund offers participants exposure to the stocks of large corporations through a passive investment vehicle. Returns on large cap equities Current Allocation have historically exceeded inflation, but with substantial volatility over short and even intermediate holding periods (risk as measured by standard deviation). Investment Guidelines The Equity Index Fund will invest in a portfolio of equity securities of companies listed on the U. S. securities exchanges that replicates the composition and characteristics of the S&P 500 Index. Fees: NYCDCP Fee versus Institutional Fund Fee NYCDCP Equity Index Fund 0.05% Institutional Median Equity Index Fund 0.07% Performance History After Fee Cumulative$IWHU)HH&XPXODWLYH5HWXUQV(QGLQJ0DUFK Returns Ending March 31, 2021 ,QFHSWLRQ 0R 5DQN <U 5DQN <UV 5DQN <UV 5DQN <UV 5DQN <UV 5DQN <UV 5DQN <UV 5DQN ,QFHSWLRQ 'DWH B (TXLW\,QGH[)XQG -DQ 6 3 -DQ ;;;;; After Fee Year-to-Date$IWHU)HH<HDUWR'DWHDQG$QQXDO5HWXUQV(QGLQJ0DUFK and Annual Returns Ending March 31, 2021 <7' B (TXLW\,QGH[)XQG 6 3 ;;;;; Cumulative Returns vs. Benchmark Top Holdings 7RS+ROGLQJV $33/(,1& 0,&5262)7&253 $0$=21&20,1& )$&(%22.,1& $/3+$%(7,1& $/3+$%(7,1& 7(6/$,1& %(5.6+,5(+$7+$:$<,1& -3025*$1&+$6( &2 -2+1621 -2+1621 Disclaimer Note: The past performance of this Fund does not guarantee future results.
    [Show full text]
  • Evaluating Hedge Fund Performance in the Decade Since the Global Financial Crisis
    Hedge funds for the future Evaluating hedge fund performance in the decade since the global financial crisis Russell Investments Research russellinvestments.com Contents Introduction 3 Has hedge fund performance “disappointed”? 3 The decade since the Global Financial Crisis 4 Level-setting hedge fund performance expectations 4 Performance evaluation 6 Summary of performance versus objectives 6 Details of evaluation versus each objective 8 Conclusions 13 Why the split in performance over the five years periods? 13 Guidance in determining the role of hedge funds going forward 14 Russell Investments / Hedge funds for the future: Evaluating hedge fund performance in the decade since the GFC / 2 Hedge funds for the future Evaluating hedge fund performance in the decade since the global financial crisis Kerry Galvin, CFA, Senior Consultant Over the past decade and a half, hedge funds have become commonplace in institutional investors’ portfolios. During that time, Russell Investments has been working with its clients to implement and monitor hedge fund portfolios; however, the hedge funds that we are evaluating today in investors’ portfolios are not the same as they were 10 or 15 years ago. As hedge funds have grown in asset size and their investor changed to include more institutional investors, Russell Investments has observed many managers increasing their emphasis on operational structure, risk management procedures, transparency, counter party risk and leverage. The evaluation set forth in this paper is meant to assess hedge funds as they exist today: strategies that are meant to provide a reasonable level of return, a high level of alpha and a low level of volatility, by utilizing a variety of investment instruments (e.g., stocks, bonds, futures, forwards) and shorting (i.e., the hedge).
    [Show full text]
  • Spotlight: Shareholders Are Dispersed and Diverse
    POLICY SPOTLIGHT APRIL 2019 Shareholders Are Dispersed And Diverse Index funds have democratized access to diversified investment for millions of savers, who are investing for long-term goals, like retirement. As index funds are currently growing more quickly than actively managed funds, some critics have expressed concern about increasing concentration of public company ownership in the hands of index fund managers. While it is true that assets under management (or ‘AUM’) in index portfolios have grown, index funds and ETFs represent less than 10% of global equity assets.1 Further, equity investors, and hence public company shareholders, are dispersed across a diverse range of asset owners and asset managers. As of year-end 2017, Vanguard, BlackRock, and State Street manage $3.5 trillion, $3.3 trillion, and $1.8 trillion in global equity assets, respectively.2 These investors represent a minority position in the $83 trillion global equity market. As shown in Exhibit 1, the combined AUM of these three managers represents just over 10% of global equity assets. The largest 20 asset managers only account for 22%. Moreover, about two-thirds of all global equity investment is conducted by asset owners choosing to invest in equities directly rather than by employing an asset manager to make investments on their behalf. Exhibit 1: Equity Market Investors3 Total Equity Market Capitalization 100% All Asset Managers 35% Top 20 Managers 22% Top 10 Managers 17% VGD 4% BLK 4% SSgA 2% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% Exhibit 1 alone does not paint a complete picture of the diversity of equity market investors, as there is significant variation amongst asset managers and asset owners.
    [Show full text]
  • Swiss Asset Management Study 2020 an Overview of Swiss Asset Management
    1 Inhaltsverzeichnis Inhaltsverzeichnis Swiss Asset Management Study 2020 An Overview of Swiss Asset Management Editors Jürg Fausch, Thomas Ankenbrand Institute of Financial Services Zug IFZ www.hslu.ch/ifz 1 Table of Contents Swiss Asset Management Study 2020 Table of Contents Preface 2 Executive Summary 3 1. Definition & Framework of Asset Management 5 2. The Swiss Asset Management Environment 12 3. Asset Management – An International Perspective 39 4. Asset Management Companies in Switzerland 47 5. Active versus Passive Investing – A Differentiated View on a Heated Debate 69 6. Conclusion & Outlook 77 7. Factsheets of Asset Management Companies in Switzerland 78 Authors 108 References 109 Appendix 120 2 Swiss Asset Management Study 2020 Preface The asset management industry is a growing segment of the Swiss financial center and offers a differentiating value proposition relative to private banking and wealth management. The strong expertise in asset manage- ment is highly relevant for Switzerland since it helps to diversify and complete the Swiss financial center. In this regard, the Asset Management Association Switzerland has the goal to further establish Switzerland as a leading provider of high quality asset management services and products domestically and abroad. In this context, the following study provides a comprehensive overview of the current status and various develop- ments in the Swiss asset management industry and consists of two parts. The first part starts with Chapter 1 in which a definition of asset management is provided and the methodological framework of the study is outlined. Chapter 2 gives an overview of the environment and discusses the political/legal, economic, social and technolog- ical developments relevant for the asset management industry.
    [Show full text]
  • Asset Management One Stewardship Report 2020/2021 Contents
    Asset Management One Stewardship Report 2020/2021 Contents Chapter1: Our approach to ESG investment and stewardship 2 投資の力で未来をはぐくむ Creating a sustainable future Chapter2: Governance, processes and resources 8 through the power of investment Chapter3: How we manage conflicts of interest 11 Chapter4: Addressing market-wide and systemic risks 14 お客さまとの信頼関係に裏付けられた「投資の力で」 Chapter5: Review of policies and processes 28 地球と社会の、お客さまと私たちの、すべての世代にとって豊かな「未来を」 情熱をもって大切に「はぐくむ」 Chapter6: Stewardship reporting and communications 31 "Creating" with passion and respect. Chapter7: Our approach to ESG integration 33 "A sustainable future" for the planet, society, our clients and future generations. "Through the power of investment" as a trusted steward of our clients’ assets. Chapter8: Monitoring of service providers 42 Chapter9: Engagement for sustainable value creation 44 Chapter10: Collaborative engagement for effective stewardship 55 Chapter11: Escalation of stewardship activities 60 Chapter12: Exercising rights and responsibilities 62 1 Chapter 1: Our approach to ESG investment and stewardship Introduction to Asset Management One Ltd. and Shinko Asset Management Co., Ltd. to developing and defining our purpose, the integrate their asset management functions, management and employees at Asset Headquartered in Tokyo, Asset Management One effective from 1 October 2016. As of 31 Management One have debated and discussed Co., Ltd. (Asset Management One “AMO”) is a December 2020, AMO's assets under extensively about key challenges and issues leading asset manager of Japanese institutional management are approximately US$526bn facing the economy, environment and the society assets and offers a broad and diverse range of (please refer to Chapter 6 of this report for the (such as climate change, social inequality, bespoke investment strategies to some of the AUM breakdown by asset class).
    [Show full text]
  • Index Investing and Asset Pricing Under Information Asymmetry and Ambiguity Aversion
    Index Investing and Asset Pricing under Information Asymmetry and Ambiguity Aversion David Hirshleifer Chong Huang Siew Hong Teoh∗ April 7, 2019 Abstract In a setting with information asymmetry and a tradable value-weighted market index, ambiguity averse investors hold undiversified portfolios, and assets have non-zero alphas. But when a passive fund offers the risk-adjusted market port- folio (RAMP) whose weights depend on information precisions as well as market values, all investors hold the same portfolios as in the economy without model un- certainty and thus engage in index investing. So RAMP improves participation and risk sharing. Asset alphas are zero with RAMP as pricing portfolio. RAMP can be implemented by a fund of funds even if no single manager has sufficient knowledge to do so. ∗Paul Merage School of Business, University of California, Irvine. David Hirshleifer, [email protected]; Chong Huang, [email protected]; Siew Hong Teoh, [email protected]. We thank Hengjie Ai (discussant), David Dicks, David Easley (discussant), Bing Han, Jiasun Li (discussant), Stefan Nagel, Olivia Mitchell, Stijn Van Nieuwerburgh, Yajun Wang (discussant), Liyan Yang, and seminar and conference participants at UC Irvine, National University of Singapore, Hong Kong Polytechnic University, the 27th Annual Con- ference on Financial Economics and Accounting, the American Finance Association 2017 Annual Meeting, the 12th Annual Conference of the Financial Intermediation Research Society, 2018 Western Finance As- sociation Annual Meeting, and 2018 Stanford Institute
    [Show full text]
  • Invesco S&P 500 Index Fund
    Mutual Fund Retirement Share Classes Invesco S&P 500 Data as of June 30, 2021 Index Fund Large-cap blend Investment objective A passively managed large-cap blend strategy that purchases the stocks of the companies that constitute the The fund seeks total return through growth of capital S&P 500 Index. and current income. Investment results Portfolio management Average annual total returns (%) as of June 30, 2021 Pratik Doshi, Peter Hubbard, Michael Jeanette, Tony Class A Shares Class Y Shares Class R6 Shares Seisser Inception: Inception: Inception: Style-Specific 09/26/97 09/26/97 04/04/17 Index Fund facts S&P 500 Nasdaq A: SPIAX C: SPICX Y: SPIDX Period NAV NAV NAV Index R6: SPISX Inception 7.98 8.24 -- Total Net Assets $2,127,536,385 10 Years 14.19 14.48 14.34 14.84 Total Number of Holdings 506 5 Years 17.00 17.29 17.31 17.65 Annual Turnover (as of 3 Years 18.05 18.32 18.40 18.67 08/31/20) 2% 1 Year 40.07 40.39 40.45 40.79 Distribution Frequency Annually Quarter 8.40 8.45 8.49 8.55 Performance quoted is past performance and cannot guarantee comparable future results; current performance Top 10 holdings (% of total net assets) may be lower or higher. Visit invesco.com/performance for the most recent month-end performance. Apple 5.77 Performance figures reflect reinvested distributions and changes in net asset value (NAV). Investment return and principal value will vary, and you may have a gain or a loss when you sell shares.
    [Show full text]
  • The Case for Low-Cost Index-Fund Investing
    The case for low-cost index-fund investing Vanguard Research April 2019 James J. Rowley Jr., CFA, David J. Walker, CFA, and Carol Zhu ■ Due to governmental regulatory changes, the introduction of exchange-traded funds (ETFs), and a growing awareness of the benefits of low-cost investing, the growth of index investing has become a global trend over the last several years, with a large and growing investor base. ■ This paper discusses why we expect index investing to continue to be effective over the long term—a rationale grounded in the zero-sum game, the effect of costs, and the challenge of obtaining persistent outperformance. ■ We examine how indexing performs in a variety of circumstances, including diverse time periods and market cycles, and we provide investors with points to consider when evaluating different investment strategies. Acknowledgments: The authors thank Garrett L. Harbron and Daren R. Roberts for their valuable contributions. This paper is a revision of Vanguard research first published in 2004 as The Case for Indexing by Nelson Wicas and Christopher B. Philips, updated in succeeding years by Mr. Philips and other co-authors. The current authors acknowledge and thank Mr. Philips and Francis M. Kinniry Jr. for their extensive contributions and original research on this topic. Index investing1 was first made broadly available to U.S. segment with minimal expected deviations (and, by investors with the launch of the first index mutual fund in extension, no positive excess return) before costs, 1976. Since then, low-cost index investing has proven to by assembling a portfolio that invests in the securities, be an effective investment strategy over the long term, or a sampling of the securities, that compose the outperforming the majority of active managers across market.
    [Show full text]
  • Amundi Enlarges Its SRI Range with a New Fixed Income ETF
    Press Release Amundi enlarges its SRI range with a new fixed income ETF London, 17/09/2019 – Amundi, Europe’s largest asset manager with over 1,487 billion1 euros of assets under management, including 297 billion in Responsible Investment assets, completes its SRI ETF range by launching the “Amundi Index Euro Corporate SRI 0-3Y – UCITS ETF DR”. This new ETF provides diversified exposure to short-dated Euro denominated corporate bonds from issuers with strong ESG credentials. Amundi Index Euro Corporate SRI 0-3Y – UCITS ETF DR gives exposure to investment grade corporate bonds with a maturity between 0 and 3 years. Issuers are scored according to their ESG performance and those involved in alcohol, tobacco, military weapons, civilian firearms, gambling, adult entertainment, GMO and nuclear power are excluded. The result is a portfolio of over 690 2 Euro-denominated Corporate Bonds from issuers with an outstanding ESG rating. The ETF tracks the Bloomberg Barclays MSCI Euro Corporate ESG BB+ Sustainability SRI 0-3 Year Index. It is offered to investors with a highly competitive ongoing charge3 of 0.12% per year, which makes it the lowest cost4 SRI-focused fixed income ETF in Europe. Amundi Index Euro Corporate SRI 0-3Y – UCITS ETF DR is part of a range of Low Carbon and SRI equity and fixed income ETFs that Amundi started back in 2015. The expansion of Amundi’s SRI ETF range follows investor’s growing demand for passive Responsible Investment solutions. Fannie Wurtz, Head of Amundi ETF, Indexing & Smart Beta, commented: “Having been a pioneer in responsible investment, Amundi continues to expand its SRI offering.
    [Show full text]
  • R&I Fund Award 2019
    NEWS RELEASE May 7, 2019 R&I Announces Winners of "R&I Fund Award 2019" - Investment Trust-related Categories - Rating and Investment Information, Inc. (R&I) has announced winners of "R&I Fund Award 2019" (supported by Nikkei Inc.) for investment trust-related categories. This year's Award, the first in the series presented in Japan's new imperial era "Reiwa", includes a new subcategory "Tactical Asset Allocation Fund" in the Investment Trusts Category. Among balanced funds, the core product for long-term asset accumulation, this subcategory covers variable allocation funds, whose performance is affected by fund managers' investment skills more strongly. By utilizing its current quantitative approach, R&I acknowledges funds, investment strategies and so forth that showed excellent performance in each category of investment trusts, iDeCo & DC, NISA and defined benefit pension. Winners are selected in a non-discretionary process from an independent point of view, and as such, the Award is widely recognized by many asset managers and related parties. (Winners for the Defined Benefit Pension Category will be announced around mid or late May.) Award Categories & Subcategories and a List of Winners [Investment Trusts/Aggregate Category] Category Prize Fund Manager The First Prize Tokio Marine Asset Management Co., Ltd. Japanese Equity Fund SPARX Asset Management Co., Ltd. Aggregate The Second Prize Meiji Yasuda Asset Management Company Ltd. The First Prize Goldman Sachs Asset Management Co., Ltd. Global Equity Fund UBS Asset Management (Japan) Ltd Aggregate The Second Prize AllianceBernstein Japan Ltd. The First Prize FIL Investments(Japan)Limited Global Bond Fund DWS Investments Japan Limited Aggregate The Second Prize Amundi Japan, Ltd.
    [Show full text]
  • List of Institutional Investors Signing up to “Principles for Responsible Institutional Investors” ≪Japan's Stewardship
    List of institutional investors signing up to “Principles for Responsible Institutional Investors” ≪Japan’s Stewardship Code≫ - To promote sustainable growth of companies through investment and dialogue - As of June 30, 2021 【Total︓309】 Website (URL) where the announcement of the Website (URL) where the disclosure items described in Updates Updates Disclosure of Voting Stewardship Activity Institution’s name (alphabetical order) acceptance of the Code has been disclosed the Code have been disclosed for 2017 Revision for 2020 Revision Results Reasons for Votes Reports Website (URL) Trust banks（subtotal︓6） Mitsubishi UFJ Trust and Banking 1 https://www.tr.mufg.jp/ippan/release/pdf_mutb/200515_1.pdf https://www.tr.mufg.jp/houjin/jutaku/pdf/stewardship_ja_pdf.pdf ○ ○ ○ ○ ○ https://www.tr.mufg.jp/houjin/jutaku/pdf/stewardship_mutb_pdf.pdf?180905 Corporation 2 Mizuho Trust & Banking Co,. Ltd. https://www.mizuho-tb.co.jp/corporate/unyou/pdf/stewardship.pdf https://www.mizuho-tb.co.jp/corporate/unyou/pdf/stewardship.pdf ○ ○ ○ ○ ○ https://www.mizuho-tb.co.jp/corporate/unyou/stewardship_katsudo.html 3 Resona Bank, Limited. http://www.resonabank.co.jp/nenkin/sisan/prii/index.html https://www.resonabank.co.jp/nenkin/sisan/prii/pdf/Stewardship_code_policy.pdf ○ ○ ○ ○ ○ https://www.resona-am.co.jp/investors/ssc.html 4 Sumitomo Mitsui Trust Bank, Limited https://www.smtb.jp/business/instrument/voting/stewardship.html https://www.smtb.jp/business/instrument/voting/stewardship.html ○ ○ ○ ○ ○ https://www.smtb.jp/business/instrument/voting/stewardship_activity.html 5 The Nomura Trust and Banking Co., Ltd. http://www.nomura-trust.co.jp/news/140528.html https://www.nomura-trust.co.jp/company/stewardship/ ○ ○ △ ○ https://www.nomura-trust.co.jp/company/stewardship/pdf/hyouka2020.pdf The Norinchukin Trust and Banking 6 http://www.nochutb.co.jp/about/governance.html http://www.nochutb.co.jp/about/governance.html ○ ○ △ ○ http://www.nochutb.co.jp/about/pdf/2020_stewardship.pdf Co.,Ltd.
    [Show full text]