Top Japanese Fund Eyes Small, Mid Caps on Improving Valuations

A top performing Japanese fund run by investment firm Asset Management One Co. says its looking to build stakes in some small and mid-caps as valuations become more appealing.

The fund is also holding on to some of its AI-related shares even after multifold gains, Tomonobu Sekiguchi, fund manager at the Asset Management One Best Selection Japan, said in the interview with Bloomberg on Sept. 12.

“The investment appeal is increasing for small and mid-cap stocks with price-to-earnings ratios below 20 times with solid growth potential,” Sekiguchi said. “I look into companies with a high likelihood of actually ...