Name: Inflation concerns hit rates market in early Q2
Start: 2021-06-28T15:38:00Z
End: 2021-06-28T15:38:06.000Z
Location: BrightTALK

Eric Sturdza Investments is a multi-boutique provider of investment funds, offering Global, Chinese, Japanese (all cap and large cap) and European (large cap, as well as small / mid cap) equities, as well as a global multi-asset fund and a global fixed income strategy to high net worth individuals, institutions and wholesale investors. The funds / strategies are marketed across Europe and opportunistically in the Middle East and Asia.

Yutaka Uda & Maiko Uda, portfolio managers of the Nippon Growth (UCITS) Fund provide their macro-outlook for the Japanese equity markets & the positioning that has been adopted within the Fund's portfolio as a result. The team provide an in-depth analysis of the Japanese economy & the opportunities that will arise in the years ahead. Yutaka comments on the current conditions & notes that the markets are very similar to 1985 & the team are very excited about the years ahead.

We believe there are few peers that currently offer similar exposure to the Japanese market as we do. Thanks to the active management style adopted, the Fund has delivered returns to investors of circa 10.5% YTD to the end of October, whilst many of our peers & the index are in negative territory.

Topics include:
• Japanese economy will grow in 2023 & why they believe this trend is likely to continue for the next 3 to 4 years.
• Global growth will shift from IT to infrastructure investment in Japan & US markets. Infrastructure demand in Asia to accelerate substantially.
• Windfall profits will increase for Japanese manufacturers.
• Foreign tourists visiting Japan will recover with an estimate of 25M in 2024 & 30M in 2025 which will have a huge impact on consumption, economic activities, & capital expenditure.
• Japanese Yen stands at an extremely cheap level to provide a fantastic opportunity for investment.
• Real Estate stocks will outperform when the vacancy rate peaks in summer 2023, providing a compelling opportunity to add real estate stocks.
• US / Japanese Bonds. Bank shares will outperform the index massively in the coming 2 years.
• Japan's market remains very cheap in comparison to the US.
• Significant investment is expected in the hosting of the 2025 World Exposition in Osaka, with additional commitments in 2028-2029 to integrate a resort.

In summary, the team expect the Japanese economy will enjoy a considerably higher growth rate compared with the past 30 years.

Nippon Growth Fund: Differentiated Japanese Equity Investing Adding Value

We believe the Strategic European Silver Stars Fund’s competitive advantage and its key differentiator lies in its ability to focus on target companies from every angle and leverage the network of relationships and corporate access provided by a number of stakeholders, providing a real understanding of the market share and performance of an investee company that results in the totality of the investment research being generated internally.

Learn more about the Fund here > http://esi.fund/?NjQzMzk

Read Bertrand's latest insight here: https://ericsturdza.com/insights/strong-resilience/. Bertrand Faure reflects on the characteristics of the Fund that have led to a 13% outperformance of the benchmark in 2022. 

Marketing Communication • Advertisement • Capital At Risk

Discover the award-winning Sturdza Strategic European Silver Stars Fund

Christopher L. Crawford and Scott L. Utzinger introduce the Crawford Fund Management team, investment adviser to the E.I. Sturdza Funds plc – Strategc Long Short Fund.

Visit the Strategic Long Short Fund page here > https://esi.fund/?NzY0MjA

The Strategc Long Short Fund is a fundamental long / short equity strategy with a North American bias. Seeking owner-operated long positions in an eclectic universe of out-of-favour or underfollowed companies, whilst using a unique approach to shorting.

Alpha-focused long and short books offering downside protection, aiming to outperform hedge fund peers and equity markets over a full cycle. Utilising an uncommon approach to shorting, focusing on two well-honed strategies: young companies with unproven business models or equities facing potential distress.

Utilising options coupled with fundamental analysis helps us in terms of mitigating the perils of traditional shorting. We believe options offer the potential to amplify returns whilst minimising costs, allowing ideas too risky / volatile or expensive for conventional hedge funds.

Visit the Strategic Long Short Fund page here > https://esi.fund/?NzY0MjA

Marketing Communication • Advertisement • Capital At Risk

An Introduction to Crawford Fund Management – The Strategic Long Short Fund

Christopher L. Crawford and Scott L. Utzinger of the Crawford Fund Management team discuss the philosophy, process and past performance of the E.I. Sturdza Funds plc – Strategc Long Short Fund.

Visit the Strategic Long Short Fund page here > https://esi.fund/?NzY0MjA

The Strategc Long Short Fund is a fundamental long / short equity strategy with a North American bias. Seeking owner-operated long positions in an eclectic universe of out-of-favour or underfollowed companies, whilst using a unique approach to shorting.

Alpha-focused long and short books offering downside protection, aiming to outperform hedge fund peers and equity markets over a full cycle. Utilising an uncommon approach to shorting, focusing on two well-honed strategies: young companies with unproven business models or equities facing potential distress.

Utilising options coupled with fundamental analysis helps us in terms of mitigating the perils of traditional shorting. We believe options offer the potential to amplify returns whilst minimising costs, allowing ideas too risky / volatile or expensive for conventional hedge funds.

Visit the Strategic Long Short Fund page here > https://esi.fund/?NzY0MjA

Marketing Communication • Advertisement • Capital At Risk

Philosophy, Process and Past Performance – The Strategic Long Short Fund

Fundamental long / short equity strategy with a North American bias. Seeking owner-operated long positions in an eclectic universe of out-of-favour or underfollowed companies, whilst using a unique approach to shorting. 

Alpha-focused long and short books offering downside protection, aiming to outperform hedge fund peers and equity markets over a full cycle.

Utilising an uncommon approach to shorting, focusing on two well-honed strategies: young companies with unproven business models or equities facing potential distress. 

Utilising options coupled with fundamental analysis helps us in terms of mitigating the perils of traditional shorting. We believe options offer the potential to amplify returns whilst minimising costs, allowing ideas too risky / volatile or expensive for conventional hedge funds.

Visit the Strategic Long Short Fund page here >  https://esi.fund/?NzY0MjA


Marketing Communication • Advertisement • Capital At Risk

The Strategic Long Short Fund – differentiated long / short equity investing

We believe the Strategic European Silver Stars Fund’s competitive advantage and its key differentiator lies in its ability to focus on target companies from every angle and leverage the network of relationships and corporate access provided by a number of stakeholders, providing a real understanding of the market share and performance of an investee company that results in the totality of the investment research being generated internally. 

Learn more about the Fund here > http://esi.fund/?NjQzMzk

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Discover the Strategic European Silver Stars Fund

Differentiated Japanese equity exposure with a track record of 20+ years. The Fund seeks to deliver long term capital growth through a combination of in-depth macroeconomic analysis with bottom-up fundamental stock selection. Managed by Yutaka Uda and Maiko Uda. Discover the Nippon Growth (UCITS) Fund @ Eric Sturdza Investments > https://esi.fund/?NDY3Mzk

Marketing Communication • Advertisement • Capital At Risk

Discover the Nippon Growth (UCITS) Fund

We believe the Fund’s competitive advantage and its key differentiator lies in its ability to focus on target companies from every angle and leverage the network of relationships and corporate access provided by a number of stakeholders, providing a real understanding of the market share and performance of an investee company that results in the totality of the investment research being generated internally. 

Learn more about the Fund here > http://esi.fund/?NjQzMzk

Marketing Communication • Advertisement • Capital At Risk

We believe the Fund’s competitive advantage and its key differentiator lies in its ability to focus on target companies from every angle and leverage the network of relationships and corporate access provided by a number of stakeholders, providing a real understanding of the market share and performance of an investee company that results in the totality of the investment research being generated internally. 

Learn more about the Fund here > http://esi.fund/?NjQzMzk

Marketing Communication • Advertisement • Capital At Risk

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DISCLAIMER

IMPORTANT: The value of investments, the funds and the income which may be generated from them can go down as well as up and therefore investors must be able to bear the risks of a substantial impairment or loss of their entire investments. Past performance may not be a reliable guide to future performance. Returns could be reduced, or losses incurred, due to currency fluctuations.  The Strategic European Silver Stars Fund – A EUR share class has a Morningstar rating of 3 stars overall and 3 stars over 5 Years. Morningstar Rating™ as of 31/12/2021. Past performance may not be a reliable guide to future performance. Returns could be reduced, or losses incurred, due to currency fluctuations.

An active and flexible investment process, managing a mixed asset investment portfolio predominantly comprised of equities and fixed income investments. Investing directly or indirectly, up to 80% and a minimum of 51%, in global equities or equity related instruments and between 20-49% in fixed income instruments. Focusing on strong growth companies that the Investment Adviser deem to be under appreciated by the market, whilst fixed income investments will be selected based on global macro economic analysis and evaluation of central banks’ policies.

Visit the Fund page on our website for further information > https://esi.fund/?NzY4OTg

#Equities
#FixedIncome 
#ActiveManagement 
#InvestmentManagement 
#SturdzaFamilyFund

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IMPORTANT: Capital at Risk. Past performance is not indicative of future returns. For Professional Investors only with the exception of Switzerland where the Fund is approved for Qualified and non-Qualified investors. Investment involves risk. The value of investments, the funds and the income which may be generated from them can go down as well as up and therefore investors must be able to bear the risks of a substantial impairment or loss of their entire investments. Past performance is no guarantee of future results.

Discover the Sturdza Family Fund

The Sturdza Family Fund team discuss how they have managed their global flexible allocation portfolio through a challenging 2021 and why they believe that being selective and disciplined will be key to success in the year ahead.

A different rate cycle can provide opportunities

Eric Vanraes, portfolio manager of the Strategic Bond Opportunities Fund discusses with Dan Barnes of Trader TV how inflation fears began impacting rates markets at the start of Q2, and what that means for investors and trading – market data from MTS Markets.

“Rates markets at the start of Q2 began to see the effect of inflation concerns, along with central bank responses. While the solution to inflation is to increase wages”, says Eric Vanraes, “the temporary financing of private income is the existing stopgap. The slope of the curve in Europe and the US is starting to steepen. If spreads for credit are so low they behave as a proxy to government bonds, investment managers need to consider which fixed-income instruments will offer the best returns in a potentially volatile environment without significantly increasing the risk profile of portfolios.”

As always, we invite investors and prospective investors, to contact us should they wish to understand our views on the current situation and the positions held in the portfolio. Please do not hesitate to contact us for further information.

Adam Turberville
Director
+44 1481 742380
a.turberville@ericsturdza.com

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Capital at Risk. The views and statements contained herein are those of Banque Eric Sturdza SA in their capacity as Investment Advisers to the Fund as of 10/06/2021 and are based on internal research and modelling. Please click on Disclaimer Page to view full disclaimers.

Inflation concerns hit rates market in early Q2

Investment Management

Fixed Income

Bonds

Portfolio Management

Eric Vanraes

Investment Strategy

Eric Sturdza Investments

Asset Management

Inflation

Investors

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Inflation concerns hit rates market in early Q2

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