ASPOMA Asset Management

Halbjahresbericht ASPOMA Japan Opportunities Fund Die Fondsperformance im 1️⃣. Halbjahr 2024 lag bei +13,4% in EUR, nach +33,8% in 2023. Seit dem Start unserer Strategie vor über 5️⃣ Jahren liegen wir bei +94% oder 12,9% pro Jahr. ▶ Markteinschätzung Japan - vielversprechende Aussichten: Der japanische Markt ist aufgrund einer einzigartigen Kombination von Faktoren sehr attraktiv: ✔ Hochprofitable Kerngeschäfte vieler Unternehmen ✔ Niedrigen Bewertungen ✔ Hohen Nettofinanzanlagen (75% des Börsenwerts) ✔ Fortschreitenden Reformen (Corporate Governance und Kapitalmärkte) ✔ weiterhin günstige Währung (Wettbewerbsvorteil und Aufwertungspotential) ➡ Diese Faktoren bieten attraktive Renditechancen bei hoher Sicherheitsmarge. ▶ Mehr Details dazu finden Sie im Halbjahresbericht für H1 2024. #markets #investing #japan #assetallocation #money #valueinvesting #alphageneration #institutionalinvestors

Im Interview von e-fundresearch.com mit ASPOMA CIO Dr. Harald Staudinger, CFA ging es unter anderem um die Frage, wodurch sich in Japan Hidden Value-Unternehmen auszeichnen und was sie so einzigartig macht. Das Interview ist bei e-fundresearch.com veröffentlicht und kann über folgenden Link aufgerufen werden. (Ggf. ist eine kostenlose Registrierung erforderlich) https://lnkd.in/dehbMMnD?

For a better understanding of the investment case for Japanese hidden value stocks we recommend looking into our latest report of our ASPOMA Japan Opportunities Fund. H1 2024 Japan Fund Update: We delivered +13.4% performance in EUR for the first half of 2024, building on the 💪 +33.8% return in 2023. Since launching our strategy over 5️⃣ years ago, it has achieved a total gain of +94%, or 12.9% per year. ▶ Japan Market Insights: Promising Prospects Ahead Japan continues to offer compelling opportunities due to a unique combination of: ✔ Highly profitable core businesses ✔ Sustained low valuations ✔ High net financial assets (75% of market capitalization) ✔ Ongoing reforms (corporate governance and capital markets) ✔ Still undervalued currency (enhancing competitive advantage and potential appreciation) These factors provide investors with the potential for attractive returns with a high margin of safety. ⏩ For more details, please refer to our latest Half-Year Report. #markets #investing #japan #assetallocation #money #valueinvesting #alphageneration #institutionalinvestors

Japan is definitely interesting, whether as an investment or a holiday destination. Thank you Robert Karas, CFA for your well written post on Japan. https://lnkd.in/db9vhFY4

Japan is definitely interesting, whether as an investment or a holiday destination. Thank you Robert Karas, CFA for your well written post on Japan. Here is the link to his english version: https://lnkd.in/dg6M8rin

Interesting discussion on hidden value assets in Japan: Furthermore, many companies own investment properties that they have rented or leased out, but whose value is almost not recognised in the balance sheet at all. These are all extremely interesting topics that make many Japanese companies very interesting investments and play an important role in our Japan Hidden Value investment strategy in out ASPOMA Japan Opportunities Fund.  #markets #investing #japan #assetallocation #money #valueinvesting #alphageneration #institutionalinvestors

More and more leading Japanese companies are announcing their intention to reduce their cross-shareholdings in order to increase capital efficiency, free up funds for future investments or return the money to shareholders through dividends or share buybacks. Most recently Toyota Motor, now the large insurance companies. This makes it easier for small and mid-sized companies to also start this process.

The ASPOMA investment team visited this region just 2 weeks ago. So many exciting developments in so many different areas (e.g. improvements in corporate governance shareholder orientation, end of deflation, ...) are happening in Japan at the moment!

For fund ranking lovers: In the Citywire (Germany) rankings for 2023, our ASPOMA Japan Opportunities Fund is ranked 1st out of 97 in terms of performance and maximum drawdown in the Japan Equity category, 7th over 3 years and 8th over 5 years. To be fair: We had the advantage of currency hedging, but the disadvantage of being more than 80% invested in mid and small caps, which as a category significantly underperformed large caps during these periods. Both effects roughly neutralise each other. #markets #investing #japan #assetallocation #money #valueinvesting #alphageneration #institutionalinvestors

Latest quarterly report ASPOMA Japan Opportunities Fund   We have achieved a performance of 33.8% in EUR in 2023. Since the start of the strategy 5 years ago, it is up +72% or 11.4% per year.   The outlook for Japan remains promising: the globally unique combination of continued very low valuations + high net financial assets (75% of market capitalisation) + ongoing reforms (corporate governance and capital market) + cheap currency (competitive advantage and appreciation potential) offer investors attractive potential returns with a high margin of safety.   Detailed information can be found in the quarterly report for Q4 2023.   #markets #investing #japan #assetallocation #money #valueinvesting #alphageneration #institutionalinvestors