Comgest has internationalised a Japanese equity fund, shifting its domicile from its home market of France.
The firm said it had merged its French-domiciled Comgest Japan Sicav into the Comgest Growth Japan Dublin-domiciled Ucits fund to enhance its international offering.
The fund is named after the Ucits fund and investors were issued with new shares. Hedged share classes are also available.
Combined assets under management are now equivalent to about €284 million.
Arnaud Cosserat, Comgest CEO and chief investment officer, said: “The merger of our two Japan funds is in line with our strategic approach to enhance Comgest’s international offering.
“The combined fund, with its larger AUM, will allow better access for our investors, many of whom operate with strict fund ratios to maintain.”
Cosserat said that the Comgest Growth Japan ranked in the highest decile of its Morningstar comparison group for five-year performance, currently ranking at the 98th percentile.
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