Asia-Pac Japan
Portfolio
April 2026 · 1 – 30 April 2026
Month in Brief
The Asia-Pac/Japan Portfolio delivered +9.3% (AUD) in April 2026, with performance driven by strong contributions from Japanese industrials, semiconductor equipment and the portfolio’s options overlay.
Fujikura was the standout equity contributor (+246 bps), followed by Advantest (+211 bps). Kansai Electric was the primary equity detractor (−39 bps), while the options book provided a material convex return profile during the month.
Currency translation was a meaningful headwind for AUD-based investors during April. The Australian dollar strengthened against the U.S. dollar, Japanese yen and Hong Kong dollar, reducing the reported AUD value of offshore gains. Despite this FX drag, underlying portfolio performance remained strong, with stock selection, Japanese industrial exposure and the options overlay driving the month’s return profile.
Performance & Attribution
Performance Summary — AUD Returns to 30 April 2026
| APRIL | 1mth | 3mth | 6mth | 1yr | SI |
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Portfolio Holdings
Top 5 positions by average weight. Click any row to expand the investment thesis and Atlas conviction level. Data as at 30 April 2026.
Atlas Signal Dashboard
ECATS monitors four independent signals that inform portfolio positioning.
Portfolio Analytics
Interactive breakdown of the Asia-Pac/Japan Portfolio by sector and market capitalisation as at April 2026.