Press Release: Daiwa SB Investments Hard Closes Japan Equity Small Cap Absolute Value UCITS Fund

19 Dec, 2017

Daiwa SB Investments (‘DSBI’) is hard closing its recently launched Japanese small cap equity strategy in Europe. The Luxembourg domiciled Daiwa SBI Lux Funds SICAV – Japan Equity Small Cap Absolute Value UCITS Fund, managed by award-winning Portfolio Manager, Tatsuro Nigauri, is hard-closing to new subscriptions from all investors effective 4 p.m. CET on 18 December 2017.

Following strong inflows which have absorbed the remaining available capacity, the board of directors has therefore decided to limit the size by suspending new subscriptions. The decision has been taken in order to protect the interests of current investors, as it is felt that allowing further inflows will impact on the ability of the fund to achieve its investment objectives and to maintain its management style and liquidity.

As of 18 December 2017, AuM of the fund was over JPY26 billion (circa USD230 million and EUR195 million)

The Japan Equity Small Cap Absolute Value UCITS Fund was launched on 28 February 2017 and has so far added 28.72% in absolute terms (to 30 November 2017).