MUFG Asset Management (UK)

With the growing concentration of the Magnificent Seven mega caps, where can investors find value? Japanese Small Caps continue to offer attractive valuations and with ongoing industry reform, investors have the opportunity to benefit from improved profit growth. Find out why we believe this is an ideal time for investors to explore the benefits Japanese Small Caps can bring to their portfolios. #MUFG #Japan #Equities #Markets

The Sahm Rule, is a recession early warning indicator that compares the short term employment trend to the lowest level of the prior twelve months. As an indicator it has been a reliable predictor of recent US recessions.  Following recent US employment data, the threshold was breached with great interest from market commentators and suggestions that the US may be in the early stages of a recession.  We remain cautious - recent years have seen unprecedented low unemployment numbers and we ask if it is too early to apply the rule given that US unemployment is still below the estimated 4% full employment level. #MUFG #markets #fixedincome #interestrates #economics

Heightened JPY volatility continues over the summer and in this week's MUFG Global Markets FX Week ahead podcast, Lee Hardman, Senior Currency Analyst talks to Seiko Kataoka-Fisher, Head of Japanese Client FX Sales about what has been driving FX market over the past week after USD/JPY briefly fell back below the 142.00-level. Listen in full here: https://bit.ly/4dXwODp

In our August Global Fixed Income update; Head of Investment, Gary Hutchings discusses the recent employment data against the backdrop of a relatively solid economic picture. We also discuss our views on the future path of interest rates and remain vigilant of political risk ahead of the US elections in November. #MUFG #markets #fixedincome #interestrates #economics #macroeconomics

・Behind the rise in investor activism in Japan is the change in corporate attitudes in favor of shareholder interests, which has increased the likelihood of activist proposals being accepted. Investor activism should increase further, given increasing support from institutional investors, prominent calls for more focused business strategies such as business portfolio revisions, and a rise in M&A activity by business corporations. ・Investment returns tend to rise over the long term when companies acquiesce to proposals made by activists. Activism can be viewed as a catalyst for promoting corporate management reform, and investors in the Japanese equity markets will need to carefully scrutinize the content of activist demands and the intentions behind managements’ responses. #MUFG #Japan #Equities #Markets

In our June Global Fixed Income update; Head of Investment, Gary Hutchings discusses the growth outlook and balancing the impact of employment and inflation. With higher government deficits, we discuss why we see real rates in a range of 1.5-2.0% and why this makes bond markets relatively attractive at current levels. In a big year for elections, following recent French and UK polls and US Elections on the horizon, we remain acutely aware of political risk and the fact that navigation of these risks is challenging.   The economic outlook remains unchanged and we expect the US 10 Year to move in a range of around 3.8-4.7%, with duration adjusted accordingly. Currency country allocations remain important; we do not have a very clear view on the USD/EUR and we position around correlated currencies. We also discuss our credit and spread positioning. #MUFG #markets #fixedincome #interestrates #economics

In this month’s Global Fixed Income Update we discuss the variable nature of growth across economies and the influence of mild, yet persistent monetary policy pressure. With inflation still higher than central banks would like and a lack of fiscal tightening, monetary policy will remain the key lever in driving inflation to target.   In terms of positions; in rates we discuss our current longer dated positioning, in currencies, the lack of EUR/USD trend and subsequent position in bloc currencies and Yuan. Finally, in spread we are long financials vs industrials. #MUFG #markets #fixedincome #interestrates #economics

It was a huge pleasure to be part of #RIEurope24 last week where Rafel Servent spoke and we had a booth. We enjoyed meeting lots of friendly faces and having positive discussions for #sustainableinvestment. Thank you for organising Responsible Investor and lots of people who came to say hi. Please keep in touch. #RIEurope #SustainableFinance #ResponsibleInvesting #MUFGAM #MUFG #ESG

DDQ Invest are delighted to welcome Chisato Haganuma to the Equities Masterclass Lunch event in Geneva and Zurich. Chisato is the Chief Strategist at MUFG Asset Management (UK) Theme: Stagnation to Revival: Active Japanese Equities, the Rising Sun Our Equities Masterclass Lunches will be organised on June 18 & 19, 2024. For more information, please visit https://lnkd.in/eMsza56s #assetallocation #equities #assetclass

MUFG Asset Management are pleased to be one of the sponsors at this week’s Responsible Investor RI Europe 2024 taking place on 12th and 13th June in London. Along with other responsible investment leaders, our Engagement Manager, Rafel Servent will take part in the panel discussion “Deep dive: Assessing corporate transition plans” on Day 2 at 9am. Please drop by our booth on both days and say hello. We look forward to meeting you there! Full agenda here: https://lnkd.in/eJDJCHkv #RIEurope #RIEurope24 #SustainableFinance #ResponsibleInvesting #MUFGAM #MUFG #ESG