20 Feb'26 Portfolio
A shift from the US to Japan
Broad exposures
Regional Splits
Until recently, North America comprised of the majority of the portfolio exposure. But that has recently changed dramatically to Asia at the start of Feb'26:
Country Splits
A significant chunk of the dynamic core part of the portfolio is in Japan. I am just following the money flows. The fundamental bullish drivers are corporate governance reforms unlocking shareholder value, a weak yen and fiscal stimulus helping Japanese exporters, rising domestic demand, low valuations. The Japanese PM Takaichi's landslide election victory reduces political friction for its growth-focused policies, which I believe gives more runway for the Japan trade.
That said, direct exposure to the weak Japanese yen is unfavorable. But I have controlled my exposure via security selection. This is explained in more detail below.
Overall Sector Splits
The overall sectoral exposure majorly represents the particular slice of the broader Japanese market I have bought into.
Sections below disclose individual holdings, satellite vs core splits, and yen risk management. Available only for the Hunter tier.
