Monthly Archives: May 2017

New code requires specifics on institutional shareholder votes

Update: By day’s end Sumitomo Mitsui Trust Bank, which nowadays likes to be known as SuMi TRUST, had issued a statement noting the importance of stewardship to its soul: “SuMi TRUST understands the revised guidelines, in particular, with regards to … Continue reading

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GPIF seeks unconstrained new views on asset servicing

The Government Pension Investment Fund is seeking comment on its current asset servicing arrangements and ideas for the future. The deadline for submissions is 30 June. While highlighting its interest in the utilities listed in the box alongside, the Fund … Continue reading

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Life cos’ portfolios move more diversely than usually depicted

A quartet of Japan’s life insurance giants announced lacklustre results for the year ending 31 March 2017 yesterday and today many media today reported them by simply repeating verbatim the story in the Nikkei. Most of what it had to … Continue reading

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Asset Management One hands Hermes foreign stewardship role

Hermes EOS, the stewardship and engagement team of Hermes Investment Management has been appointed by Asset Management One to provide “… a range of engagement services on the firms’ ¥4.7 trillion worth of global holdings (ex Japan) across a variety … Continue reading

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R&I annual awards to institutional investment firms announced

It’s a sunny day in Tokyo and especially so for Mitsubishi UFJ Trust & Banking, Sumitomo Mitsui Asset Management and Wellington Management Japan, each of which has just scored three places in Rating & Investment’s annual awards to managers used … Continue reading

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Heavy lifting on re-allocation looms for public service pensions

The Federation of National Public Service Personnel Mutual Aid Associations, known as KKR, seems to have  put a flurry of activities in hand ahead announcing its  results for the year to 31 March. The pension fund has committed to bringing … Continue reading

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FSA commissioner Mori boxes investment trusts’ ears

“Japanese investment trusts, or toushin, saw the first outflow of funds in six months in April, industry data showed on Tuesday, following scathing criticism of the industry from the head of the country’s financial watchdog” Reuters reports. Much depends here … Continue reading

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Postal institutions keep portfolio composition fairly steady

Investment assets at the mighty Japan Post Bank rose 1.13% in the year to 31 March 2017 to reach 287,193.4 billion yen while those of sister institution Japan Post Insurance fell by 1.37% to 80.336.7bn yen, according to the pair’s … Continue reading

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Post Bank & Post Insurance results for year to 31 March 2017

The results for the financial year ending 31 March 2017 for Japan Post Bank and Japan Post insurance are here and here. Analysis of the it their asset portfolios will appear on this blog soon.

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Stark picture in new population projections to 2065

Excellent commentary by Jun Saito of the Japan Centre for Economic Research  on the economic implications of the The National Institute of Population and Social Security Research’s latest demographic projections. The forecasts cover the period to 2065 when the country … Continue reading

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