Japan Fund That Beat 92% of Peers in 2024 Touts Seven & I, Orix

Fund manager Takeda also likes Japanese insurance sector
Sparx flagship Japan fund has returned 16.4% this year

WATCH: Masakazu Takeda of SPARX explains his bottom-up picks in Japan that he thinks can weather macro challenges and grow through time.Source: Bloomberg

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By Momoka Yokoyama and Joanne Wong

August 6, 2024 at 3:32 AM UTC

This article is for subscribers only.

Japan’s recent stock market turmoil is not deterring Sparx Asset Management portfolio manager Masakazu Takeda from holding on to investments in large Japanese firms that have global strategies effective in countering volatility.

Takeda sees the appeal of companies such as financial services provider Orix Corp. and retailer Seven & i Holdings Co. in his $5.1 billion portfolio, including the flagship Sparx Japan Fund, which has returned 16.4% this year and outperformed 92% of peers, according to data compiled by Bloomberg.