Japanese Equity
12 Feb 15
Domiciled in Bermuda, this fund does not carry a Morningstar OBSR analyst rating.
However, its sister fund the Orbis SICAV Japan Equity (Yen) Fund carries a Morningstar OBSR Analyst Rating of Silver.
William Gray, the president and CIO of Orbis, is the fund’s designated manager, although the strategy has been managed since inception by Orbis’s well-resourced and experienced investment team. Gray is supported by Brett Moshal, the head of the Japan team, who is responsible for the model portfolio construction.
The process is primarily bottom-up, harnessing high-conviction stock ideas generated by the research team.
The strategy boasts an impressive long-term performance record, while the focus on good-quality, undervalued companies results in below-average risk and a lower downside capture ratio compared with peers.
