Japan Strategic Value Named Best Japan Equity in AsianInvestor Awards
April 23, 2010
AsianInvestor magazine has selected Bernstein Japan Strategic Value as the Best Japan Equity service in its 2010 Investment Performance Awards.
The achievement highlights the growing momentum of AllianceBernstein’s comeback after a disappointing 2008 and vindicates the firm’s time-tested, research-driven investment approaches.
Since its inception in 2002, JSV has outperformed the TOPIX in every year except 2008, when heightened investor anxiety amid the global credit crisis hammered value stocks. But deep-value names that JSV either acquired or continued to hold during that turbulent year helped drive its remarkable performance in 2009, when it outpaced the TOPIX by 17% in yen terms (based on a representative account).
“We kept faith in our philosophy, and it paid off. We have very strong services, and it is most important that we maintain our confidence in them,” says Chief Investment Officer Katsuaki Ogata, who extends his appreciation to all AllianceBernstein staff who supported the firm’s products and its clients through the tough times.
The other four finalists in the awards’ Japan Equity category, selected on the basis of league tables compiled by Mercer and Towers Watson, were all Japanese asset managers—Nomura Asset Management, Nikko Asset Management, Chuo Mitsui Asset Trust Bank and Sumishin Asset Management. The combination of in-depth local knowledge and the global scope of Bernstein’s research have been key to JSV’s success.
A black-tie awards ceremony will be held in Hong Kong on May 19, and articles on the winners will be carried in the June issue of AsianInvestor, one of the region’s premier industry publications.