The Masters Portfolio: Adam Scott, 10/1
Scott Sponsor Stock: Uniqlo/Fast Retailing (FRCOY)
Last year’s winner at the Masters was the first Australian ever to wear the green jacket. Adam Scott has made the cut and finished in the top 25 of all five of his starts. He’s ready to contend once more, and that’s good news for his sponsors.
The newest corporate sponsor to join the Adam Scott bandwagon is Uniqlo, the specialty retailer taking the world by storm.
Owned by Japan’s Fast Retailing (FRCOY), Uniqlo signed Scott to a multiyear contract just prior to his win at Augusta. Recently, the company was rumored to be buying J. Crew from its private equity owners, but talks fell through.
Those who don’t want to buy FRCOY stock over-the-counter can instead gain exposure to the retailer by buying the Maxis Nikkei 225 Index ETF (NKY), which tracks the performance of the Japanese market and holds FRCOY stock as its largest position with a weighting of 10.2%.