Our perspective on global micro event and strategies.
As an equity research analyst on the International Smaller Companies Team, Penn conducts fundamental analysis on global equity investments, focusing on several global sectors including energy, utilities, telecoms, education, homebuilders, and digital entertainment. His research supports the investment decision making for a range of portfolios managed for clients of the firm.
Most people who visit Japan for the first time come back raving about just how “clean” it is compared to other countries – which, in my view, makes it somewhat ironic that Japan has never really been considered a fertile hunting ground for investors looking for “clean” (environmentally-friendly) companies. But that doesn’t mean that such companies don’t exist here. On the contrary, we have found (and continue to find) great numbers of them; it simply takes some time and effort to identify and properly understand them.
A multitude of factors go into that search and vetting process, but as an investment team focused primarily on smaller companies operating in niche markets internationally, we see Japan as a land of hidden environmental, social, and governance (ESG) gems.
At both the government and corporate levels, many observers have characterized Japan as a country that is slow to change and adapt to the times. That perception rings true to some degree with regard to ESG, particularly on the…