Goldman Sachs Japan Equity Partners Portfolio Fund USD-Hedged(LU2405385126)
- Equities
- Japan
- USD Cash
- Accumulating
The Fund seeks to achieve long-term capital appreciation (over 3-5 years) by investing primarily in equities of Japanese companies.
A growth-oriented strategy focused on investing in high-quality Japanese companies with attractive and sustainable growth in the long term. Focuses on companies that are exposed to long-term structural growth trends (eg. factory automation, health technology), allowing them to be more resilient against economic cycles in Japan.
Led by Ichiro Kosuge, Head of Japan Equity who brings over 30 years of investment experience and also serves as a research analyst covering the technology, industrial and telecom sector. He is supported by a team of four additional local investment professionals, some of whom came from GSAM's longstanding Japan Equity Portfolio that started in 2007.
The Fund has delivered strong outperformance since inception, particularly in years when the Japanese equity market has been positive, such as 2017 and 2020. The Fund is likely to underperform in market environments where growth investing is out of favor. In addition, due to its concentrated portfolio, performance may be relatively more volatile during periods of market uncertainty.
Constructs a concentrated portfolio of typically only 25-50 holdings using a pure bottom-up approach focused on large/mid cap companies with market cap greater than USD 5 billion which are experiencing a second-wind driven by expanding new businesses, overseas expansion of existing businesses or improving domestic growth ("re-growth" potential). Fundamental bottom up stock selection process that starts with a belief that strong excess returns can be generated by building larger positions in fewer high-quality, high-conviction, long term opportunities.
Endowus offers retail share class with 100% trailer fee rebated back to Endowus investors to achieve lower cost of access.
Investors looking for meaningful exposure to a concentrated portfolio of Japanese companies, with a tilt towards growth and quality attributes, can consider an allocation to the Fund. Investors should remain mindful that the Fund is a regional equity strategy and will likely experience periods of heightened volatility and drawdowns.
Daily data. Returns as of 17 Sep 2026.
| Year | Total | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
| 2026 | - | 2.9% | 8.1% | -9.9% | 8.4% | 9.2% | 3.7% | -4.6% | 5.3% | - | - | - | - |
| 2025 | 14.9% | 1.4% | -4.1% | -1.6% | -0.3% | 7.7% | 3.7% | 0.7% | 0.8% | 1.7% | 7.1% | -0.6% | -1.9% |
| 2024 | 25.5% | 5.0% | 7.8% | 2.8% | -3.8% | 2.9% | 4.3% | -1.6% | 3.0% | -0.9% | -0.7% | 2.6% | 2.1% |
| 2023 | 34.7% | 6.2% | 0.1% | 4.2% | 1.3% | 7.8% | 6.5% | 2.6% | -0.6% | -3.2% | -3.9% | 8.6% | 1.5% |
| 2022 | -15.1% | -11.5% | -1.9% | 2.3% | -4.9% | -0.4% | -6.1% | 8.0% | 1.1% | -6.1% | 7.3% | 5.1% | -7.1% |
| Load more | 5 of 6 | ||||||||||||
| Mitsubishi UFJ Financial Group Inc | 5.71% |
| Mizuho Financial Group Inc | 5.45% |
| Keyence Corp | 5.18% |
| Daifuku Co Ltd | 5.10% |
| Screen Holdings Co Ltd | 4.76% |
| ASICS Corp | 4.13% |
| Terumo Corp | 4.02% |
| Hoya Corp | 3.96% |
| Ryohin Keikaku Co Ltd | 3.92% |
| Ibiden Co Ltd | 3.91% |
| Sumitomo Electric Industries Ltd | 3.78% |
| Tokio Marine Holdings Inc | 3.56% |
| Recruit Holdings Co Ltd | 3.55% |
| Sanrio Co Ltd | 3.48% |
| Ebara Corp | 3.45% |
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