SYZ Asset Management: Three phenomenal years for OYSTER Japan Opportunities

GENEVA, Feb. 25, 2016 (GLOBE NEWSWIRE) — Thanks to pragmatic management combining conviction and flexibility, the OYSTER Japan Opportunities fund has obtained one of the best performances of the Lipper ranking over three years by being ranked in the first decile.

Flexible and robust conviction-based management

Joel Le Saux, the head of the OYSTER Japan Opportunities fund for the last three years, works together with Yoko Otsuka, his analyst. They regularly travel to Japan to meet with the companies held by the fund, but also to find new investment opportunities. The management process is based on fundamental analysis aimed at determining the intrinsic value of the companies analysed. With around 50 stocks, the portfolio consists of growth mid-caps that are less sensitive to the economic cycle, but also large companies that by nature are more sensitive to the economic situation.

Consistent performance through all market phases

The OYSTER Japan Opportunities fund has posted excellent performances over three years: +80.1% versus +64.5% for the Topix Total Return and +57.1% for its peers1, thereby ranking it in the first decile of the Lipper ranking. Also, thanks to the flexible management style, its volatility is among the lowest of its peer group and its return profile is asymmetric. On average, the fund falls less than the market while benefiting from a rising market. The fund therefore offers a real alternative to passive management and posts more consistent performances over the long term than the growth or value approaches.

Sharply rising stock market, notwithstanding an erratic macroeconomic context

In spite of the expectations created by Abenomics, the Japanese economy treaded water in 2015, once again confirming its inability to achieve a sustainable rebound. Over the past three years, however, the Japanese stock exchange has recorded one of the best performances worldwide, a rise driven by the strong growth in corporate earnings. While the yen’s weakness over the last three years has had a positive impact on export companies’ results, it is not the only explanatory factor behind this positive trend. According to Joel Le Saux, listed companies’ profitability has been significantly boosted by their refocusing on key hubs (large cities) as well as restored pricing power due to the reduction in surplus production capacity. During his recent trip to Japan, he also emphasised the benefits of the labour shortage and the declining unemployment, two positive figures for stimulating consumption. He also sees the continuous growth in international tourism to Japan, driven by the
weak yen, as another positive theme.

Administrative information

OYSTER Japan Opportunities

Available classes Management fee Performance fee
Class C JPY PR 1.50% 10% relative*
Class R JPY PR 1.00% 10% relative*
Class C USD HP PR 1.50% 10% relative*
Class C EUR HP PR 1.50% 10% relative*
Class R EUR HP PRR 1.00% 10% relative*
Class N EUR HP PR 2.00% 10% relative*
Class I JPY PR 0.75% 10% relative*
Class I EUR HP PR 0.75% 10% relative*

* The percentage indicated for the performance fee applies to net annual outperformance relative to the following benchmark: Topix Net TR (Ticker TPXNTR, in JPY).

Risk/return profile:
Lower risk Higher risk
Potentially lower return Potentially higher return

1 2 3 4 5 6 7

Cumulative returns as at 01.02.2015 (Class R JPY PR)
Period Fund Topix Total Return
1 year + 17.4% + 5.8%
3 years + 80.1% + 64.5%
2015 + 19.8% + 12.1%
2014 + 8.8% + 10.3%
2013 + 50.9% + 54.4%

The prospectus, the key investor information, the articles of association, as well as the annual and half-yearly reports on the funds may be obtained from the representatives and paying agents.

For any further information, please contact:
Moreno Volpi
Tel.: +41 (0)58 799 16 98
Email: [email protected]

Note to the Editor

About SYZ Asset Management*

SYZ Asset Management, the institutional asset management division of the SYZ Group, provides investment solutions to Swiss and international institutional investors, such as pension funds, insurance companies, corporations and investment funds. SYZ Asset Management meets the highest standards in terms of institutional management and service to its clients using its own resources as regards economic research and financial analysis as well as in portfolio management and risk management.

*Any reference to SYZ Asset Management (SYZ AM) in this document, should be construed as being a reference to any one or more of the legal entities, listed below, dependent on the particular jurisdiction in which the document is published, subject to the investment products and services referred to herein being available to potential investors or categories of investors in such jurisdictions.

SYZ Asset Management (Luxembourg) SA, SYZ Asset Management (Suisse) SA, SYZ Asset Management (Asia) Limited, SYZ Asset Management (Europe) Limited, SYZ (France) SAS

About SYZ Group

Founded in 1996 in Geneva, Swiss banking group SYZ focuses exclusively on asset management via two complementary pillars: high-end private banking and asset management. SYZ employs 580 staff and has CHF 40 billion in assets under management (EUR 39 billion, USD 40 billion). Headquartered in Geneva, the Group also has offices in Zurich, Lugano, Locarno, Milan, Madrid, Barcelona, Bilbao, Zaragoza, London, Luxembourg, Brussels, Paris, Dubai, Johannesburg, Miami, Nassau and Hong Kong.

About OYSTER Funds

OYSTER is SYZ Asset Management’s UCITS investment fund range, developed by SYZ Asset Management to address the needs of a diversified client base including professionals. With a strong commitment to performance, this Luxembourg SICAV comprises nearly 30 sub-funds, covering a variety of asset classes, markets and investment styles. OYSTER is currently registered and/or distributed in various European and Asian countries through a vast distribution network. To satisfy a discerning and demanding client base, SYZ Asset Management entrusts management of its OYSTER funds to internal and external fund managers. A number of strategies have resulted in certain sub funds being the recipients of internationally recognized awards.

This document has been issued in the UK by SYZ Asset Management (Europe) Limited (authorized and regulated by the FCA with reference number 666766)

  OYSTER Sicav                          SYZ Asset Management                                                            
  11-13 Boulevard de la Foire           (Luxembourg) SA                                                                 
  L-1528 Luxembourg                     54 rue Charles Martel                                                           
  [email protected]                  L-2134 Luxembourg                                                               
                                        Tel. : +352 26 27 36 1                                                          
  Switzerland                           Germany                          Italy                                          
  Service de paiement                   Zahlstelle                       Soggetto incaricato dei pagamenti              
                                                                         RBC Investor Services Bank SA Succursale di    
  Banque SYZ SA                         BHF-BANK AG                       Milano                                        
  Rue du Rhone 30                       Bockenheimer Landstrasse 10      Vie Vittor Pisani 26                           
  CH-1204 Geneve                        D-60323 Frankfurt                I-20124 Milano                                 
  Tel. : +41 (0)58 799 19 05            Tel.: +49 (0)69 718 22 75        Tel.: +39 02 305 756 1                         
                                        France                           Soggeto incaricato dei pagamenti               
  Representant                          Agent centralisateur             State Street Bank SpA                          
  SYZ Asset Management (Suisse) SA      BNP Paribas Securities Services  Via Col Moschin 16                             
  Rue du Rhone 30                       9 rue du Debarcadere             I-20136 Milano                                 
  CH-1204 Geneve                        F-93500 Pantin                   Tel.: +39 02 879 671 53                        
  Tel.: +41 (0)58 799 19 05             Tel. : +33 1 57 43 12 58                                                        
  Spain                                 Austria                          Soggeto incaricato dei pagamenti               
  Entidad comercializadora              Zahlstelle                       Societe Generale Securities Services SpA       
                                        Raiffeisen Bank International                                                   
  Allfunds Bank                          AG                              Via Benigno Crespi 19/A-MAC 2                  
  C/ Estafeta N:o6 (La Moraleja)        Am Stadtpark 9                   I-20159 Milano                                 
  Complejo Pza. de la Fuente- Edificio                                                                                  
   3                                    A-1030 Wien                      Tel.: 39 02 917 846 61                         
  28109 Alcobendas                      Tel.: +43 (0)1 717 070                                                          
  Tel.: +34 (0)91 274 64 00                                              Soggeto incaricato dei pagamenti               
                                                                         Allfunds Bank SA                               
                                                                         Via Santa Margherita 7                         
                                                                         I-20121 Milano                                 
                                                                         Tel.: +39 02 896 283 01                        
  Belgium                               Sweden                                                                          
  Agent financier - Financiele agent    Paying Agent                                                                    
  Caceis Belgium SA                     MFEX Mutual Funds Exchange AB                                                   
  Avenue du Port 320                    Linnegatan 9-11                                                                 
  Havenlaan 86C b                       114 47 - Stockholm                                                              
  B-1000 Bruxelles                      Sweden                                                                          
  Tel. : +32 (0)2 209 26 40             Tel.: +46 (0)8 559 03 650                                                       
  United Kingdom                                                                                                        
  SYZ Asset Management (Europe)                                                                                         
  Authorised and Regulated by the FCA                                                                                   
  Southwest House                                                                                                       
  11a Regent Street                                                                                                     
  London SW1Y 4LR                                                                                                       
  Tel: +44 (0) 20 30 400 500                                                                                            


Oyster SICAV is an open-ended multi-fund investment company established and regulated in Luxembourg and is managed by SYZ Asset Management (Luxembourg) SA which is described in this document as “SYZ Asset Management”. Oyster SICAV is recognised by the FCA under s. 264 Financial Services and Markets Act 2000 with reference number 534187. This document has been issued in the United Kingdom by SYZ Asset Management (Europe) Ltd (authorised and regulated by the FCA (with reference number 666766). SYZ Asset Management (Europe) Ltd market the Oyster SICAV in the UK and copies in English of the SICAV’s current Prospectus and Key Investor Information Document can be obtained from them. Instructions to purchase or redeem shares of any class available to UK Investors can also be placed with them. Potential investors in the United Kingdom are advised that none of the protections afforded by the UK regulatory system will apply to an investment in any Oyster SICAV sub fund and that compens
ation will not generally be available under the Financial Services Compensation Scheme. An investment in sub-funds of Oyster SICAV involves risks that are more fully described in the Prospectus. The content of this advertisement is provided solely for information purposes and constitutes neither a recommendation to buy or sell. Always consider taking independent investment advice from a person authorised and regulated by the FCA prior to investing.

1 Source: Lipper from 01.02.13 to 01.02.2016. R JPY PR share class. Past performance does not guarantee or predict future performance. Reference to an index is made for comparison purposes only. The index is not mentioned in the investment policy of the sub-fund.

Press release:

You May Also Like