That index was launched in mid-2013 with a started aim of listing and showcasing the most profitable and shareholder friendly companies in Japan.
The new offering is a sub-fund of the Ireland-domiciled Sumi Trust Investment Funds umbrella.
Tatsuya Suzuki brings his 20 years of industry experience to the manager role.
The fund will invest in a portfolio of around 30 companies with a focus on entrants to the JPX – Nikkei 400 index. An annual excess return of 5% against the index is the target.
“Since the launch of Abenomics and the introduction of corporate governance reforms in Japan, we have seen increased investor appetite for companies focused on improving their profitability and shareholder relationships,” said managing director Hisaya Kambayashi.
“With a heightened emphasis on quality, the JPX-Nikkei 400 is shining a spotlight on those companies with high returns and good governance procedures which promote stronger growth. The selectiveness of the index has been a boon to foreign investors looking to access top quality Japanese companies,” he added.
The fund will be available in Japanese Yen with a minimum investment of JPY 10m. Additional GBP, EUR, and USD share classes are planned.
Sumi Trust has assets under management of $453bn.
