UOBAM United Japan Small and Mid Cap Fund SGD-Hedged(SG9999012033)
- Equities
- Japan
- SGD Cash, SRS
- Accumulating
The Fund aims to achieve long term capital growth through investing in securities of small and medium capitalisation corporations listed, domiciled, or having substantial operations in Japan.
The fund invests in Japanese small and medium-cap companies, which are more driven by domestic growth and less sensitive to global macro trends. The strategy focuses on niche market leaders, Japan transformation stories, and digitalisation-driven businesses. A high-conviction strategy with a concentrated portfolio of 60 to 100 evenly weighted holdings.
The fund has been managed by Portfolio Manager Tadao Kimura since its inception in 2003. Tadao joined Sumitomo Mitsui DS Asset Management (SMDAM) in 2002 as a portfolio manager and has been investing in the small and mid-cap space since 1998. Shumpei Yoshimura serves as Deputy Portfolio Manager, supporting Tadao. He joined SMDAM in 2018 and brings over seven years of investing in Japanese small and mid-cap equities. Tadao and Shumpei are further supported by SMDAM's 20+ strong research team.
Since inception, the Fund has outperformed the MSCI Japan Small Mid Cap Index on a gross of fees. The team aims to generate alpha by investing in small stocks, where lower analyst coverage creates information inefficiencies and potential mispricing. The fund is likely to underperform in market environments where small cap investing is out of favor.
The strategy follows a strict bottom-up approach, where the research team screens the universe, analyzes fundamentals with three-year projections and five risk factors, and sets an absolute price target using risk-adjusted valuation. During portfolio construction, the portfolio manager does not try to predict when markets will recognise the merits of each of these stocks and hence, the portfolio's allocation is roughly evenly split between all its constituents.
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, in particular the small and mid-cap space can consider an allocation to the Fund. The relatively low analyst coverage of the space presents alpha generating opportunities for experienced stock-pickers like portfolio manager Tadao. 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 10 Sep 2026.
| Year | Total | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
| 2026 | - | 2.0% | 10.5% | -9.9% | 6.2% | 3.9% | 1.2% | -0.5% | 3.0% | - | - | - | - |
| 2025 | 25.8% | -0.7% | -2.2% | 4.6% | -2.7% | 4.4% | 3.0% | 4.8% | 5.2% | 1.8% | -1.3% | 5.3% | 1.4% |
| 2024 | 13.3% | 4.2% | 0.7% | 1.6% | 0.6% | -1.1% | 3.9% | 0.9% | -1.7% | 0.5% | -0.3% | 1.1% | 2.4% |
| 2023 | 20.9% | 3.4% | 0.6% | 1.4% | 1.1% | 0.2% | 7.3% | 1.4% | -0.6% | -0.5% | -3.9% | 7.3% | 2.0% |
| 2022 | -7.5% | -9.0% | 2.3% | 0.6% | -2.6% | 0.0% | -2.6% | 4.9% | 2.4% | -4.2% | 3.6% | 3.4% | -5.6% |
| Load more | 5 of 13 | ||||||||||||
| MEC Co Ltd | 2.26% |
| JBCC Holdings Inc | 1.89% |
| Optex Group Co Ltd | 1.86% |
| Hirose Electric Co Ltd | 1.82% |
| JTEKT Corp | 1.82% |
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