Nikko Asset Management announces policy regarding Japan’s Stewardship Code
Nikko Asset Management Co., Ltd. (Nikko Asset Management), announces its adoption of the “Principles for Responsible Institutional Investors” (also known as Japan’s Stewardship Code), and its formulation of “Nikko Asset Management’s Policy Regarding the Stewardship Code” in relation to its investments in publicly traded Japanese stocks.
Nikko Asset Management is a related entity of Tyndall Investment Management Limited.
“Japan’s Stewardship Code” was established under the auspices of the Japanese Financial Services Agency in February 2014 as a guide for institutional investors to “promote sustainable growth of investee companies and enhance the medium- and long-term investment return for clients and beneficiaries.” Nikko AM takes a global approach to the Code, focusing on the core components of stewardship.
Nikko Asset Management’s primary mission is to fulfill its fiduciary duty to clients and beneficiaries, and this is its perspective in adopting Japan’s Stewardship Code. The company aims to increase medium- and long-term returns on investors’ assets by analysis of and appropriate engagement with investee companies and the exercising of voting rights.
The entirety of Nikko Asset Management’s Policy Regarding the Stewardship Code can be accessed from the firm’s website. Nikko Asset Management will reguarly review and announce its perspective on the firm’s stewardship adoption policies and principles.
