Insights

We believe it important that we share our opinions with our investors. In addition to holding quarterly conference calls which highlight key macroeconomic events and updates on our portfolios, we also publish ad hoc thematic insights.

NTT buys in Docomo: a bullish sign of change

General
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Following NTT’s decision to repurchase the one third of Docomo it does not own, Peter considers this a harbinger of a boom in such M&A transactions in Japan.

Enter Mr. Continuity: Abenomics lives on

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Peter considers the implications of the appointment of Yoshihide Suga to replace Shinzo Abe as Japan's Prime Minister

Buffett buys Japan – The ultimate endorsement of Abe’s legacy

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Peter considers Shinzo Abe's legacy in the wake of Warren Buffett's decision to invest in Japan's trading companies.

Arcus Valuation Chartbook (Q2 2020)

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Following on from his presentation during our quarterly investor conference last week, Mark shows how value as a style has performed both recently and over the longer term.

Shifting Asian trade alliances in a post-pandemic world

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In this piece, Peter Sandham considers the reasons for the UK seeking membership of the CPTPP and what the future holds for this expanding trade alliance.

Turning Japanese

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Peter considers further the Coronavirus crisis, its after-effects and how they will differ from Japan’s experiences at the end of the last century despite looking similar at present.

Trade War to Tech War

trade war
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(May 2020) In this piece, Peter Sandham considers the consequences of the anticipated friction caused by the US's new export controls on computer chips made abroad with American IP or equipment.

Japanese governance post-Covid-19: the rules may change, but the game goes on

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(May 2020) In this article, Peter assesses Japan’s new national security legislation and explains why, although poorly thought out, it is not as draconian as some commentators believe and will not deter those activist investors who adopt a sensible value-enhancing approach.

Arcus Valuation Chartbook (Q1 2020)

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(Apr 2020) In our new quarterly chartbook, Mark shows how Japanese value stocks have performed over the short and longer term

From Abenomics to Coronanomics

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(Apr 2020) Peter considers the differences between the current Coronavirus crisis and the Global Financial Crisis of 2008 and the potential implications for Japanese equities.