The Yuki Japan team was delighted to hear global investing icon, Charles Gave, express his constructive views towards Japanese equities and in particular, the non-financial growth sectors that make up the bulk of Yuki's exposure in the Rebounding Growth strategy.
In his May 11 report, Mr. Gave points to Japanese non-financial sectors, particularly those relating to domestic or Asian consumption, as among the safest investments an investor can make right now, for the following reasons:
The yen is undervalued.
Japanese non-financial stocks are undervalued.
Corporate debt, cash flows, and cash positions are unequaled anywhere.
Japanese shares are underowned.
Japan’s main competitor, Germany, has great structural problems.
The Yuki team is heartened to hear the views of such like-minded investors, in areas of the market Yuki has been committed to researching and investing in since its founding in the mid-1990s.
Being nimble as a manager means avoiding friction in trading positions, but in such research-driven firms like Yuki, also an ability to carry out the research needed to implement new positioning quickly.