The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.

All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.

Profile - Charles Beazley, Nikko Asset Management: Poised for growth

Fund managers seem to have a blind spot when it comes to Japan, despite some unique investment opportunities. Charles Beazley, president of Nikko Asset Management (Europe) sets out the case for Japanese equities.

This article appears courtesy of Global Investor

Which country has one of the world’s largest developed economies, with a savings pool to match, with an enviable range of blue chip, global brands and a pioneering high-tech capability, but which is routinely ignored by emerging market asset managers, leaving allocation to the market at a 20-year low?

Such is the challenge facing Charles Beazley, president of Nikko Asset Management (Europe), when making the case for Japanese equities to fund managers in the West. Historically, the reasons for this lack of interest have been, he says, “an absence of advocacy, a lack of understanding and a feeling that to invest in Japan is somehow uncool.”

Investors’ approach to Japan is coloured by a perception that its market performance is suffering; that it has a creaking banking system; and that the intensely conservative political system has not allowed the implementation of much-needed market reforms. These and other assumptions may well be based on correct data, Beazely says, yet the undeniable fact is that Japan remains the second largest economy in the world. “If assets are routinely allocated to the US on the basis that it is the biggest economy in the world, why are assets not being allocated in proportionate amounts to the second biggest?” he asks.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree