Victor Chang

Operates as a development stage company

MSIM-Japan is a value-oriented manager that seeks to identify undervalued securities by performing fundamental research. Their Japanese equity research team actively manages four investment styles: value, growth, core and small-cap. The value strategy's investment objective is to earn an excess return of 2-5% per year over the mid- to long-term. The growth strategy seeks to produce total returns that exceed the benchmark by at least 5% per year over the mid- to long-term. The core strategy follows a sector-neutral strategy to achieve long-term capital appreciation over a full market cycle, investing in mid- to large-cap listed Japanese firms and monitoring performance against a benchmark. The small-cap strategy aims to generate absolute return by focusing on share price valuations and the intrinsic value of companies. MSIM-Japan manages Japanese equity growth and value, global equity, MSCI passive equity, global fixed-income, US fixed-income, money markets, fund of funds, variable annuities and asset allocation funds.