By MARCEL PORCHERON 04/05/2007
After a strong bull market over the last four years we believe it prudent to begin removing less liquid assets from our portfolios. With a market cap of just £58m we are concerned that the liquidity of the Melchior Japan IT is now insufficient for our requirements.
This is not a comment on management and we retain confidence in Ken Nishizawa and his team. However, we now prefer to access them through the liquid and open ended CF Melchior Japan funds.