Wealthy Nations Daily Update - Japan World Cup Shock !!

Last week, in jest, we projected what the Rugby World Cup (RWC) results might be if they were correlated with the countries’ corresponding Net Foreign Assets (NFA) scores. We speculated that Japan, with a NFA of +62% and 5000/1 odds to win the tournament, would take the cup to become defending hosts in 2019. In reality this was unlikely as up until this weekend the Japanese ‘Cherry Blossom’s’ only previous RWC victory was in 1991 against Zimbabwe. To make expectations worse, their first opponents this year would be RWC twice champions South Africa. But on Saturday the Blossoms clinched a 34-32 point victory against the ‘Springboks’ in what is being widely heralded as the greatest shock in World Cup history.

Wealthy Nations Daily Update - Rugby World Cup

The opening game of the Rugby World Cup (RWC) on Friday will see host nation England taking on Fuji. This year’s event is expected to attract more international visitors than any previous World Cup. It is thought there will be up to 466,000 visits across the length of the tournament. These visitors bring with them significant spending power to the host nation, from purchasing tickets, accommodation and match day entertainment to visiting other local tourists attractions whilst here. In total it is reported that foreign visitors will add up to GBP 869mln in direct expenditure to the UK economy. The exposure generated by the World Cup will also provide opportunities to attract future tourists and businesses. In total the World Cup could deliver up to GBP 2.2bln in additional output to the UK economy, translating into nearly GBP 1bln in value added to GDP.

Please read this important information before proceeding. It contains legal and regulatory notices relevant to the information on this site.

This website provides information about Stratton Street Capital LLP ("Stratton Street"). Stratton Street is authorised and regulated by the UK's Financial Conduct Authority. The content of this website has been prepared by Stratton Street from its records and is believed to be accurate but we do not accept any liability or responsibility in respect of the information of any views expressed herein. The information, material and content provided in the pages of this website may be changed at any time by us. Information on this website may be out of date and may not be updated or removed.

The website is provided for the main purpose of providing generic information on Stratton Street and on our investment philosophy for the use of financial professionals in the United Kingdom that qualify as Professional Clients or Eligible Counterparties under the rules of the United Kingdom Financial Conduct Authority (the "FCA"). The information in this website is not intended for the use of and should not be relied on by any person who would qualify as a Retail Client. Products and services referred to on this website are offered only at times when, and in jurisdictions where, they may be lawfully offered. The information on this website is not directed to any person in the United States. The provision of the information on this website does not constitute an offer to purchase securities to any person in the United States (other than a professional fiduciary acting for the account of a non-U.S person) or to any U.S. person as such term is defined under the Securities Act of 1933, as amended.

The website is not intended to offer investors the opportunity to invest in any Alternative Investment Fund ("AIF") product. The AIFs managed by Stratton Street are not being marketed in the European Economic Area ("EEA") and any eligible potential investor from the EEA who wishes to obtain information on the AIFs will only be provided with materials upon receipt by Stratton Street of an appropriate reverse solicitation request in accordance with the requirements of the EU Alternative Investment Fund Managers Directive ("AIFMD") and national law in their home jurisdiction. By proceeding you confirm that you are not accessing this website in the context of a potential investment by an EEA investor in the AIFs managed by Stratton Street and that you have read, understood and agree to these terms.

No information contained in this website should be deemed to constitute the provision of financial, investment or other professional advice in any way. The website should not be relied upon as including sufficient information to support any investment decision. If you are in doubt as to the appropriate course of action we recommend that you consult your own independent financial adviser, stockbroker, solicitor, accountant or other professional adviser. Past performance is not necessarily a guide to the future. The value of investments and the income from them may go down as well as up. An application for any investment or service referred to on this site may only be made on the basis of the offer document, key features, prospectus or other applicable terms relating to the specific investment or service.

Where we provide hypertext links to other locations on the Internet, we do so for information purposes only. We are not responsible for the content of any other websites or pages linked to or linking to this website. We have not verified the content of any such websites. Such websites may contain products and services that are not authorised in your jurisdiction. Following links to any other websites or pages shall be at your own risk and we shall not be responsible or liable for any damages or in other way in connection with linking.

By using this site, you should be aware that we may disclose any information that we hold about you to any regulatory authority to which we are subject, or to any person legally empowered to require such information.

This website uses cookies to improve user experience, by clicking the "I Accept" button below means you consent to the use of cookies on our website.