Masakazu Takeda: Value Investing In Japan

Value Investing In Japan

Japan is the one region of the world where you can still find a large number of deep-value investments, making the country a haven for value investors like Masa Takeda of Tokyo-based Sparx Asset Management.

The Hennessy Japan Fund that Takeda has long co-managed has earned a net annualized 8.4% since 2003, vs. 4.4% for the Russell/Nomura Total Market Index.

In the Jan 31 issue of Value Investor Insight, Masa Takeda describes the situations he finds most attractive and why his strategy has beaten peers in difficult markets. Below is a brief summary of his comments.

Value Investing In Japan - Masa Takeda: GARP

Mr Takeda begins the interview by explaining that he is, "firmly in the growth-at-a-reasonable-price camp." He's looking...