Japanese asset manager Daiwa SBI to boost US$1.34 billion electric vehicle strategy
Daiwa SBI is growing one of Japan’s first electric vehicle funds, appointing RobecoSAM as sub-advisor
Japanese asset manager Daiwa SBI is boosting its newly-launched electric vehicle investment strategy – one of Japan’s first and largest – by enlisting a new sub-advisor after assets under management (AUM) swelled to 143 billion yen (US$1.34 billion) as of March 27 2018.
Daiwa SBI Global Electric Vehicle Revolution strategy, launched January 24 2018, invests globally in companies that benefit from the emerging electric vehicles (EV) revolution. The fund is available to Japanese investors only.
Daiwa SBI has appointed Zurich-headquartered asset manager RobecoSAM as sub-advisor to the strategy.
Four areas are being considered for the fund’s investments including electric vehicle component suppliers, electric vehicle car manufacturers and subsystem suppliers, electrical grid and charging infrastructure, and connectivity and autonomous driving. ESG criteria are taken into account on a company level, notes a statement from RobecoSAM.
Aris Prepoudis, CEO of RobecoSAM, says Daiwa SBI’s clients could refer to RobecoSAM’s thematic investing strategy to identify and invest in companies in the electric vehicle space.
“E-mobility has become an irreversible long-term trend and growth driver,” he adds. The strategy aims to capture these opportunities going forward.
Kazuhiro Horie, general manager, product planning and strategy, investment management division at Daiwa SBI adds: “We have identified an extremely attractive investment theme and have selected RobecoSAM as the sub-advisor best positioned to manage the strategy.”