Overview

Stock prices tend to converge towards corporate value over the medium to long term; therefore, investing in stocks that are undervalued is a persistent source of alpha. The Japan Value Focus Strategy invests in undervalued stocks relative to their corporate value aiming to outperform the TOPIX over the medium- to long-term.

The goal of this strategy is to generate excess returns from the gap between market prices and fundamental values, as well as from catalysts that can drive share price revaluation. Returns are captured by identifying opportunities such as the progress of structural reforms, increases in shareholder returns, and the enhancement of competitive advantages, utilising our proprietary valuation model and superior research capabilities.

Headshot
Zhangwenzheng Jing
Chief Portfolio Manager

Zhangwenzheng joined SuMi TRUST in 2017 as a portfolio manager for quantitative equity strategies. He also gained experience as a quantitative equity analyst over a two‑year period. He became portfolio manager of the Japan Value Focus strategy in April 2024 and was appointed chief portfolio manager for the strategy in September 2024.

Zhangwenzheng joined SuMi TRUST in 2017 as a portfolio manager for quantitative equity strategies. He also gained experience as a quantitative equity analyst over a two‑year period. He became portfolio manager of the Japan Value Focus strategy in April 2024 and was appointed chief portfolio manager for the strategy in September 2024. 

He was honoured with the Performance Award - Japan Large Cap Equity (3 years) at the Asia Asset Management Country Awards in 2026. He holds a master’s degree in computer science from the University of Maryland and a master’s degree in financial engineering from the University of Tokyo. He is a Certified Member Analyst of the Securities Analysts Association of Japan (CMA).

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