On Thursday 26th May 2016,ETF Strategy will be hosting its first Japan Strategy Briefing at Sake no Hana, one of London's finest Japanese restaurants. Over the course of a superb Japanese breakfast (tailored to Western taste buds!), our speakers from Lombard Street Research, WisdomTree Europe, Lyxor, Jane Street and FTSE Russell will examine the current state of the Japanese economy, assess the outlook for equities and the yen, explore developments in the ETF space vis-a-vis Japan, and consider the liquidity and trading characteristics of Japan ETFs.
The breakfast briefing will run from 8.00am to 11.15am and should appeal to anyone with exposure to Japan, including investment managers running Japan, Global, EAFE and Asia-Pacific strategies, as well as generalist investment strategists, research analysts, private bankers, wealth managers, sophisticated IFAs and ETF specialists. Attendance is complimentary, but spaces are limited.
Agenda
|
08:00 – 08:45
|
Registration and networking
|
|
|
08:45 – 09:05
|
BoJ - the vanguard of central bank impotency
- Japan has reached the frontier of monetary policy
- For 2016, structural imbalances are back in the driving seat as the BoJ gets increasingly desperate
- But what will happen if Japan's central bank pushes monetary policy beyond its limits? 2017 may be the year in which we find out
|
Freya Beamish,
Senior Economist,
Lombard Street Research
|
|
09:05 – 09:25
|
Japan: Structural reform and re-rating
The current downturn in Japanese equities is primarily cyclical due to the recent domestic and global cycles. There is a structural thesis that can contrast with this cyclical downturn based on the following key factors:
- Attractive valuations
- Corporate leaders focusing on governance, dividend growth and rising returns
- Pro-business and anti-deflation policy determination
|
Nizam Hamid,
ETF Strategist,
WisdomTree Europe
|
|
09:25 – 09:45
|
Are you getting the best out of your Japanese exposure?
- Abenomics and Kuroda: how has policy translated in ETF flows?
- Comparing indices: do MSCI, Nikkei, TOPIX and JPX really offer the same exposures?
- To hedge, or not to hedge?
- The JPX-Nikkei 400: a focus on quality and governance for better returns
|
James Waterworth,
Director, UK & Ireland ETF Sales,
Lyxor Asset Management
|
|
09:45 – 10:05
|
Liquidity of Japan ETFs - a market maker perspective
- Developments and market trends
- Currency hedging and impact on ETF liquidity
- Trading smart beta Japan ETFs
- Things to consider when trading Japan ETFs
|
Slawomir Rzeszotko,
European ETF Sales & Trading,
Jane Street
|
|
10:05 – 10:25
|
A smart beta take on a comprehensive Japanese equity index
- Advantages of applying RAFI’s smart beta methodology to a domestic Japanese equity index
- Total market coverage and index characteristics
- Index weighting by RAFI methodology using its original fundamental factors
- The resulting Russell/Nomura Fundamental Prime Index provides features desirable in a smart beta index
|
Gareth Parker,
Director, Index Research and Analytics,
FTSE Russell
|
|
10:25 – 11:15
|
Networking
|
|
The event is for investment professionals at discretionary fund managers, fund of funds, multi-managers, hedge funds, family offices, private banks, stockbrokers, private client wealth managers and IFA groups.
We are anticipating the event to be heavily oversubscribed. To reduce the likelihood of disappointment, please register now if you would like to attend.
|
