EXCLUSIVE: Spotlight On Opportunities In Japan, South Korea – Orbis Investments

Amanda Cheesley

5 January 2024

Ben Preston at Bermuda-based is also optimistic about the outlook for Japan and South Korea, saying that they expect funds to keep flowing into these countries.

Orbis Global Equity fund
Preston is co-manager of the fund which aims to deliver higher long-term returns than global stockmarkets. It has outperformed the benchmark in 2023 and on a three-year basis, with holdings in the US, Japan and the UK. Japan and Korea are two of the biggest overweight positions in Asia. Top 10 holdings include Japanese-based Sumitomo Mitsui Financial Group and Mitsubishi UFJ Financial Group.

The fund mainly invests in banks and other financial institutions, including KB Financial, but it does invest in some tech stocks such as Samsung Electronics and Taiwan Semiconductor Manufacturing Company (TSMC).