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.

Shifting Asian trade alliances in a post-pandemic world

General
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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

General
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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

General
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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)

General
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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

General
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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.

2008 & 2020: Two crises, two remedies

General
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(Apr 2020) Peter considers the after effects and consequences of the current Global Virus Crisis in comparison with 2008's Global Financial Crisis.

The Whirr of the Helicopter Blades: Regime Change is Coming

General
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(Mar 2020) Peter considers the consequences of the massive emergency economic support measures which are now being implemented by governments in Europe and the US in particular.

After the Fall

General
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(Mar 2020) Mark and Ben compare the current state of the market and our funds with those experienced during the TMT shock of 1999/2000 and the GFC of 2008. They also explain their views on some stocks widely held by growth managers as well as those value stocks which they consider particularly compelling at present.

Going, Going, Ghosn

General
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(Mar 2020) Following Carlos Ghosn's flight from prosecution, Tim considers whether Japan's legal system merits the criticism it has received (from Mr Ghosn in particular).