


Market Review for July 2021
Date: 2nd August 2021
TOPIX ended down on the previous month-end. Concerns over an increase of COVID 19 variant cases capped the upside of the Japanese equity market throughout the month. Whilst a rise in US equity market and a solid Japanese economic statistics supported the market, the announcement of the fourth state of emergency in major cities in Japan following the spread of COVID 19 due to the variant, shaved investors’ sentiment and fuelled uncertainty over the outlook for the recovery of economic activities.

Foresight in Japanese Politics
Date: 19th July 2021

Participation in the Net Zero Asset Managers Initiative
Date: 7th July 2021
Sumitomo Mitsui Trust Asset Management Co., Ltd. (Representative Director and President: Yoshio Hishida; hereinafter "SuMi TRUST") is pleased to announce that it has become a signatory to the Net Zero Asset Managers initiative, a new initiative launched in December 2020 by global asset managers that seeks to reduce the greenhouse gas emissions of investee companies to net zero by 2050.

Market Review for June 2021
Date: 1st July 2021
TOPIX ended up on the previous month-end. The Japanese equity market was driven by the US equity market throughout the month. At the beginning of the month, the market rose on the good progress of the vaccination program in Japan. The market plunged after an earlier than expected tapering was hinted at by the Federal Open Market Committee (FOMC) followed by a sharp fall in the US equity market. However, the market gradually offset the fall as US interest rate stopped rising towards the month-end.

Sakigake High Alpha - Japan Thematic Growth Fund Marks Three Years of Outperformance
Date: 24th June 2021

Japan's Governance Code Revision
Date: 21st June 2021

SuMi TRUST's Limited Partnership with MPower
Date: 11th June 2021

Japan's Economy and Vaccination Rollout Progresses
Date: 8th June 2021