Japan Smaller Capitalization Fund, Inc. Announces Change to Lead Portfolio Manager

Rhea-AI Summary

Nomura Asset Management U.S.A. has appointed Atsushi Katayama as the new lead portfolio manager for Japan Smaller Capitalization Fund, Inc. (NYSE: JOF), effective April 1, 2023. Katayama, who has over 15 years of investment management experience and rejoined NAM-Tokyo in 2021, replaces Hiromitsu Daimon. Makoto Ito will remain a portfolio manager for the Fund. The investment strategy remains unchanged, focusing on smaller capitalization companies in Japan, aimed at long-term capital appreciation.

NEW YORK, March 31, 2023 (GLOBE NEWSWIRE) --  Nomura Asset Management U.S.A. Inc. (NAM-USA), the manager of Japan Smaller Capitalization Fund, Inc. (NYSE: JOF) (the “Fund”) announced today that Atsushi Katayama of Nomura Asset Management Co., Ltd. (“NAM-Tokyo”) will replace Hiromitsu Daimon as the Fund’s lead portfolio manager effective April 1, 2023. Makoto Ito of NAM-Tokyo will continue to serve as a portfolio manager for the Fund.

Mr. Katayama is a portfolio manager at NAM-Tokyo rejoining the firm in 2021. He has over 15 years of investment management experience, including five years previously with NAM-Tokyo. Mr. Ito joined NAM-Tokyo in 2006 and has been a portfolio manager since 2008. The investment objective of the Fund is not changing as a result of the change.

The Fund invests primarily in the securities of smaller capitalization companies in Japan and is designed for investors seeking long-term capital appreciation. NAM-USA is based in New York and is a subsidiary of NAM-Tokyo, which is one of the largest investment advisory companies in Japan in terms of assets under management and which serves as the investment adviser to the Fund.

Contact:        
Maria Premole
1-800-833-0018
JOFInvestorRelations@nomura-asset.com

 

FAQ

Who is the new lead portfolio manager for JOF?

Atsushi Katayama has been appointed as the new lead portfolio manager for Japan Smaller Capitalization Fund (NYSE: JOF) effective April 1, 2023.

What changes were made to the portfolio management of JOF?

The lead portfolio manager changed from Hiromitsu Daimon to Atsushi Katayama, while Makoto Ito continues as a portfolio manager.

Is the investment objective of JOF changing?

No, the investment objective of the Fund remains unchanged.

What is the focus of the Japan Smaller Capitalization Fund (JOF)?

The Fund primarily invests in smaller capitalization companies in Japan, targeting long-term capital appreciation.

When did the management change for JOF take effect?

The management change for Japan Smaller Capitalization Fund (NYSE: JOF) took effect on April 1, 2023.