Morant Wright Japan Income IT & CF Morant Wright Japan

By ROBERT HARLEY 10/11/2005

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This new London and Channel Islands listed closed ended company will offer exposure to Japanese equities and an enhanced level of income through a Yen / £ currency SWAP. Morant Wright, the managers, are a Japanese equity boutique established in 1999 who offer a distinctive, unconstrained, value orientated investment approach. Historically this has given their equity portfolios a midcap bias, this is purely a reflection of available opportunities and does not prohibit larger cap companies from entering the portfolio from time to time. The currency swap will have the effect of mitigating the risk of a depreciation in the Yen against £ on investors initial capital. It will also enhance the income from the underlying equity portfolio to provide an initial dividend yield of approx 4% p.a. net of charges. The fund is awarded a three star rating.

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Source: Financial Express