Bestinvest says
June Yon-Kim inherited the management of this fund from Robert Rowland in April 2011. June Yon-Kim was already the manager of the Fidelity FAST Japan fund which he runs from Tokyo and so far over his career his performance has been reasonable if somewhat volatile. Adding value in the Japanse market has been extremely hard during the last couple of decades and as such, we favour manages with long and established track records. Our favoured fund is the five star rated GLG Japan Core Alpha.
The manager analyses a company in its own right, and therefore does not follow themes or industry trends. However, he is aware of the economic climate and how this might affect the type of companies he is interested in. Ideas are typically generated from Fidelity's team of some 30 analysts based in Tokyo. Companies selected are usually leaders in their industry (often with a niche), have strong pricing power, generate good cash levels and have strong balance sheers. Additionally companies must manage their business with the interest of shareholders in mind. Valuation is also very important and the manager looks for stocks with attractive valuations measured against their historical average and future growth as well as both domestic and international same-sector peers.