15 October 2021
Quilter Investors has today announced it has appointed M&G Investment Management Limited (“M&G”) as manager of the Quilter Investors Japanese Equity Fund.
The change sees Carl Vine become lead portfolio manager of the fund following his move to M&G to form an Asia Pacific equity fund management and research team in 2019 and to run the M&G Japan fund. He will be supported by a team of seven analysts, all with notable experience of investing in Japan.
Following a rigorous due diligence process, M&G was considered as the most suitable manager of the fund in part due to its focus on engagement with the companies it invests in, but also because the fund has a strong stock-picking orientation and is focussed on finding esoteric investment opportunities within a universe of Japanese stocks that the team has tracked closely over a considerable number of years.
The fund was previously run by Schroders.
The move also sees M&G become a WealthSelect Global Partner, a select group of high-quality asset managers appointed by Quilter Investors to manage the sub-advised mandates used within the Quilter WealthSelect Managed Portfolio Service run by Stuart Clark.
Stuart Clark, Quilter Investors and WealthSelect portfolio manager, said: “We are pleased to be welcoming another strong fund group as a WealthSelect Global Partner and have been impressed with Carl and his team’s performance at M&G to date. Japan is an interesting region with lots of opportunities ahead as it emerges from the pandemic and sees a new Prime Minister come in following Yoshihide Suga’s surprise resignation, so we are excited to see what the new management team does with the fund.
“We have also been impressed with the team’s focus on engagement and making it a core part of their investment process. As asset managers, it is important we look to bring about positive change within the companies we invest in so it is pleasing to see this will form an important part of the fund’s management.”
Carl Vine, co-head of Asia Pacific equities at M&G, added: “We’re proud to be partnering with Quilter and pleased that they share our enthusiasm for the rich opportunity set in Japan. The Japanese corporate sector is undergoing significant change. This is driving structural earnings improvement and with that comes exciting opportunities for experienced stock pickers in this market.
“Furthermore, the ever-improving corporate governance landscape in Japan plays well to our strength in engagement, enabling us to help companies realise latent value. The current environment feels as good as any I’ve experienced in more than twenty years investing in Japanese equities.”