Rise and outshine with Japan!

After over three decades, Japan’s Nikkei 225 index hit a record high level of 39,098.68 on Thursday 22 February 2024. And this is cause for celebration because Japan has been our favourite market for a while!

Since 2H2022, the iFAST Research Team has been optimistic on Japan’s equity market. With many positive factors, Japan stands on the brink of significant structural changes, which will serve as the catalyst for the market. Factors such as the shift towards inflation, corporate governance reforms, and the country’s revival as a semiconductor powerhouse serve as forces propelling share prices to new heights.

Entering 2024, Japan remains one of our top equity picks and we believe this is likely to be a multi-year rally. Using a fair PE ratio of 20X, our iFAST Research Team has projected a 2026 target price of 48,000 for the Nikkei 225 Index. This represents an upside potential of 22% from current price.

[Read here for more on our outlook for the Japanese market]

Promotion

1.       We are giving away 4800 FSMOne Reward Points for every S$10,000 invested into these selected Japan Funds from 1 March 2024 - 30 April 2024. Investments can comprise of Cash, SRS and RSP transactions, giving you more ways to enjoy the benefits of investing in Japan.

2.       In addition, for every S$10,000 invested in each fund, 2 lucky winners will earn 1 chance to win a pair of vouchers to an Omakase lunch, courtesy of FSMOne! 

Selected Japan Funds

Asset Manager	Unit Trust
BNP Paribas	BNP Paribas Japan Equity Classic Cap H USD
	BNP Paribas Japan Small Cap Classic Cap JPY
	BNP Paribas Japan Small Cap Classic Cap USD
	BNP Paribas Japan Small Cap Classic H Cap USD
BNY Mellon	BNY Mellon Japan Small Cap Equity Focus H Acc SGD-H
	BNY Mellon Japan Small Cap Equity Focus H USD-H
Eastspring Investments	Eastspring Investments - Japan Dynamic A USD
	Eastspring Investments - Japan Dynamic A USD-H
	Eastspring Investments - Japan Dynamic AJ JPY
	Eastspring Investments - Japan Dynamic AS SGD^
	Eastspring Investments - Japan Dynamic AS SGD-H^
J.P Morgan	JPMorgan Funds - Japan Equity A (acc) JPY
	JPMorgan Funds - Japan Equity A (acc) SGD-H^
	JPMorgan Funds - Japan Equity A (acc) USD-H^
	JPMorgan Funds - Japan Equity A (dist) SGD^
Nikko Asset Management	Nikko AM Japan Dividend Equity JPY
	Nikko AM Japan Dividend Equity SGD^
	Nikko AM Japan Dividend Equity SGD-H^
	Nikko AM Japan Dividend Equity USD-H

^ SRS Approved

Terms and Conditions – Rise and outshine with Japan Promotion (the “Promotion”)

1)      The Promotion takes place between 1 March 2024 and 30 April 2024 (both dates inclusive). To be eligible, orders must be placed before 3.00pm on 30 April 2024.

2)      Only trades in Cash, SRS and RSP are eligible for this promotion. Transfer-In, CPFIS-OA, CPFIS-SA transactions are not eligible for this promotion.

3)      Payments made by cash and/or switch buy from parking facility funds are eligible for the Promotion.

4)      Switching from other funds and transfer-ins will not be eligible. Transfer-ins from the companies using iFAST platform (including iFAST Global Markets) to FSMOne will not be eligible for the Promotion.

5)      A minimum of S$10,000 has to be invested per fund; investments of less than S$10,000 into two or more funds each cannot be combined to be eligible for the Promotion.

6)      Each FSMOne account holder will be eligible for 4800 worth of FSMOne Reward Points for every S$10,000 invested.

7)      FSMOne Reward Points will be credited within 6 weeks of end of the Promotion.

8)      Participant are only entitled to one pair of Omakase lunch set vouchers and prizes are not exchangeable.

9)      The winner(s) will be selected at random. FSMOne reserves the right to draw a number of reserve winners and also the manner of replacement to replace any winner subsequently found to be disqualified for the draws. The number of such reserve winners and the manner of replacement shall be at the sole discretion of FSMOne.

10)      In the event that the prizes are unavailable, FSMOne reserves the right to replace the prizes with an alternative.

11)   The winner(s) of the pair of Omakase lunch set vouchers will be informed by email.

12)   The winner(s) shall collect their prizes from iFAST Financial Pte Ltd’s office within 3 months of being notified by email.

13)   In the event of any dispute regarding the Promotion, the decision of FSMOne shall be final and no correspondence or discussion shall be entered into for such purposes.

14)   The Promotion is valid on a single account basis only; two or more FSMOne accounts cannot be combined to be eligible for the Promotion.

15)   FSMOne reserves the right to terminate the Promotion or amend the Terms and Conditions without prior notification.