We are very pleased to inform you that Watanabe & Brothers’ Investment announced 2021 Q3 financial results on January 3rd, 2022.
In this regard, our fund underwent 23% growth (YoY) with respect to 2020 Q3. In 2021 Q3, we were suffering from the higher volatility of stock market due to the higher inflation rate as well as changes in financial policies of the Federal Reserve Board and European Central Bank.
Among the equities incorporated in our fund, NVTA and TDOC have recorded more than 50% decline of their stock price. We believe that such trend was due to lower performance in the market for emerging companies due to the higher volatility caused by the higher inflation rate.
In addition, we have sold about two-thirds of SQ’s equity by the end of the last November due to increase of risks caused by the larger scaled acquisition.
Finally, we have lowered the forecast of our fund’s performance during FY2021 to 30-50% due to the higher volatility of the world wide stock markets.
Watanabe & Brothers’ Investment will continuously invest in the U.S. and European companies considering the philosophy of the ESG investment.