投資のプロが全世界株式(オルカン)を否定する理由【反論します】

Kentaro.【一人暮らしと貯金】
5 Apr 202413:21

Summary

TLDRIn this video, Ketaro explains the popularity and criticism surrounding the EMAXSIM All Country World Index (All Country). Despite its top rankings in NISA account purchase rankings and widespread investment by individual investors, the fund faces skepticism. Ketaro delves into the fund's composition, its strategy of tracking the MSCI ACWI Index, and its benefits, including low costs and broad market coverage. He addresses common criticisms, such as performance issues and concerns about growth, arguing that All Country's diversification and risk management make it a prudent long-term investment. Viewers are encouraged to stay informed and confident in their investment choices.

Takeaways

  • 🌐 The speaker introduces 'Orukan' (EMAXSIM All-Country World Index) as an index fund that tracks the MSCI ACWI index, which covers approximately 85% of the world's stock market capitalization across 47 countries.
  • 📊 'Orukan' is a capitalization-weighted index, meaning it invests more in larger, more popular companies and less in smaller ones, with adjustments made quarterly based on market evaluations and economic conditions.
  • 🏆 Despite criticisms, 'Orukan' has been popular among personal investors and has ranked highly in various investment platforms like Rakuten Securities, SBI Securities, and Manex Securities.
  • 💡 The speaker aims to provide an understanding of why 'Orukan' is criticized and to emphasize its role in long-term investment success and solid asset formation.
  • 📈 Historical performance of 'Orukan' shows an average annual return of about 8% since 1987, which is considered a good return for a passive investment.
  • 💼 The cost of investing in 'Orukan' is very low, with a trust fee of 0.05775% as of April 2024, making it one of the cheapest index funds that track the MSCI ACWI.
  • 🚫 Criticisms of 'Orukan' include its underperformance compared to actively managed funds in certain periods, particularly when the U.S. stock market has been exceptionally strong.
  • 🌍 The speaker argues that while it's true that 'Orukan' may not always be the top performer, it offers a balanced and efficient way to invest in the global stock market, which is automatically adjusted.
  • 📊 The speaker suggests that the criticisms may arise from the product's popularity and low cost, which might not be beneficial for financial institutions or fund managers who prefer higher-cost products.
  • 💬 There's a suggestion that the criticisms could be a reaction to the popularity of 'Orukan', as it is an efficient and reasonable investment tool for realistic asset formation, and its low cost might be a threat to the profitability of more expensive investment products.
  • 📚 The speaker encourages investors to continue learning and improving their investment knowledge, emphasizing that 'Orukan' is a smart and rational choice for a diversified investment.

Q & A

  • What is the main topic discussed in the video script?

    -The main topic discussed in the video script is the critique and analysis of investing in the 'Orukan' (EMAXSIM All-Country Index), an index fund that tracks the MSCI ACWI index, and why it is considered a smart and efficient investment despite recent criticisms.

  • What does the acronym 'MSCI ACWI' stand for?

    -MSCI ACWI stands for Morgan Stanley Capital International All Country World Index, which is an index that represents large and mid-cap equity performance across 47 developed and emerging market countries.

  • How does the Orukan investment strategy differ from investing in individual stocks?

    -Orukan is an index fund that invests according to the MSCI ACWI index, which means it holds a diversified portfolio of stocks from around the world. It does not focus on individual stocks but rather aims to replicate the performance of the entire market, providing a balanced and efficient investment approach.

  • Why has Orukan been criticized recently?

    -Orukan has been criticized recently due to its perceived underperformance compared to certain active funds, especially during periods when the U.S. stock market has been particularly strong. Additionally, some critics argue that it does not offer growth for investors who wish to become more sophisticated.

  • What is the historical performance of Orukan according to the video script?

    -According to the video script, Orukan has a historical annual average return of about 8% since 1987, which is a level where the principal can more than double in 10 years.

  • What is the management fee for Orukan as of April 2024?

    -As of April 2024, the management fee for Orukan is within 0.05775%, making it one of the cheapest index funds that track the MSCI ACWI index.

  • Why is the Orukan investment strategy considered efficient and reasonable despite criticisms?

    -Orukan is considered efficient and reasonable because it allows investors to invest in a broad range of global stock markets with a low cost and without the need to predict or choose specific countries or stocks. It also automatically adjusts its holdings, providing a balanced investment.

  • What is the significance of the 'market cap-weighted' approach in Orukan's investment strategy?

    -The 'market cap-weighted' approach means that Orukan invests more in companies with larger market capitalizations (more popular stocks) and less in those with smaller market caps. This method helps in efficiently allocating investments based on the size and popularity of the companies.

  • What does the video script suggest about investing in Japanese stocks compared to Orukan?

    -The video script suggests that while Japanese stocks might be performing well at the moment, it is not advisable for Japanese investors to focus primarily on domestic stocks due to the risk of having an unbalanced portfolio heavily concentrated in one currency and market.

  • Why might the critique of Orukan be beneficial for some investors according to the video script?

    -The critique of Orukan might be beneficial for some investors because it can lead them to consider a more diversified and balanced investment approach, such as investing in global index funds like Orukan, which can protect their assets from currency fluctuations and provide exposure to global growth.

  • What is the video script's stance on the growth potential of Orukan for individual investors?

    -The video script argues that while Orukan may not offer the growth in terms of becoming a sophisticated investor who analyzes individual companies, it does provide a significant growth opportunity in terms of diversification, risk management, and exposure to global markets, which can lead to a more balanced and secure investment portfolio.

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Related Tags
Global InvestingIndex FundsAsset ManagementOrukan CritiqueInvestment StrategiesRisk DiversificationCost EfficiencyPortfolio BalanceStock MarketInvestor Education