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.

The Reverse-Bezzle

General
no comments
(Nov 21) Peter Sandham's thoughts on ultra low interest rates and misallocation of capital.

Kishida's "Levelling up" agenda: Mostly Good News for Investors

General
no comments
(Sep 21) Peter Tasker comments on Japan's Prime Minister and the implications of the successful candidate’s victory from both an economic and governance perspective.

Japanese Politics - Why It Matters To Investors

General
no comments
(Sep 21) Peter considers the scenario that Japan's new Prime Minister will face, as well as potential implications for the stock market.

Japan's COVID-19 conundrum

General
no comments
(Apr 21) Peter considers the recent rise in COVID-19 infections in Japan and the Government’s strategy for combatting another wave of the pandemic as well as the implications for this summer’s Olympic Games and a normalisation of the economy.

Kuroda’s Gameplan

General
no comments
(Mar 21) Following Peter's article last December on the Bank of Japan’s ETF purchase programme, this piece assesses Governor Kuroda’s recent statements on the matter and considers the long term implications for inflation, a subject upon which he will be elaborated at the Q1 2021 Arcus Update.

The Bank of Japan’s ETF endgame: how it could gratify small investors

General
no comments
(Dec 2020) Published in the Nikkei Asia within which he considers the Bank of Japan’s longstanding purchases of public equities, the crescendo that took place this past spring and the long-term implications of the central bank’s ownership of such equities both from a market perspective as well as its own.

NTT buys in Docomo: a bullish sign of change

General
no comments
(Oct 2020) 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

General
1 Comment
(Sep 2020) 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

General
no comments
(Sep 2020) 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)

General
no comments
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.