Millionaires Fleeing Negative Yield Targeted by Japan-Swiss Fund
- Aristagora, Dr. Blumer plan to offer fund of funds in Japan
- Japan has second most rich individuals in world: Capgemini
A restaurant stands on the hillside of Monte Bre overlooking the town and surrounding mountains, in Lugano, Switzerland, on Friday Nov. 20, 2015. The franc is still too strong and the economy not yet back to full health, Swiss National Bank Governing Board member Andrea Maechler said.
Photographer: Akos Stiller/BloombergSwitzerland and Japan face the world’s deepest negative interest rates, and now two of their finance companies are linking up to protect the rich from the phenomenon.
Aristagora Advisors Co., a Tokyo-based investment adviser, and Dr. Blumer & Partner, a Swiss asset management company, plan to offer Japanese individuals and companies a global fund of funds that will include structured bonds to reduce volatility in returns, according to Aristagora’s Chief Executive Officer Takeshi Shinoda. The fund already went on sale in Europe and China in June, and is targeting an annual return of 10 percent to 15 percent.