INVESCO PERPETUAL JAPAN - Fund overview
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Overview of
INVESCO PERPETUAL JAPAN
The manager took charge of this and other Japanese portfolios in February 2000. The portfolio is now predominantly large cap having reduced exposure to medium and small-sized value stocks.
Standard Initial Charge
5.00% 0.00%
Invest via Bestinvest
to save 5.00%
Fund summary
| Sector |
Japan
|
| Product type |
OEIC
|
| Launched |
May, 1988
|
| Size |
£303m
|
| Yield |
0.5%
|
| Charging basis |
–
|
| Dividends paid |
Acc units only.
|
| Bid price |
193.70p |
Fund Charges
|
Standard Initial charge
|
5.00%
|
|
Initial charge via Bestinvest
|
0.00%
|
|
Additional bid/offer spread
|
0.00%
|
|
Annual management charge
|
1.50%
|
|
Total expense ratio
|
1.68%
|
|
Reduction in yield (10yr)
|
1.68%
|
Bestinvest says
No information available.
Portfolio
| Allocation |
Proportion |
|
|
Equity |
97%
|
|
High yield bonds |
0%
|
|
Quality bonds |
0%
|
|
Property |
0%
|
|
Commodities |
0%
|
|
Hedge |
0%
|
|
Fund cash |
3%
|
|
Allocation
|
Proportion
|
|
|
|
|
UK
|
0%
|
|
|
Europe
|
0%
|
|
|
Nth America
|
0%
|
|
|
Japan
|
100%
|
|
|
Pacific
|
0%
|
|
|
Other Equity
|
0%
|
|
Allocation
|
Proportion
|
|
|
|
|
Large Caps
|
75%
|
|
|
Mid Caps
|
25%
|
|
|
Small Caps
|
0%
|
View all performance data for INVESCO PERPETUAL JAPAN
Investment process
The fund aims to achieve capital growth in the Far East,
including Australasia. The fund intends to invest primarily in shares of companies in the Far East, although it may include other Far Eastern related investments that the fund
managers consider appropriate, (which from 13th February 2004 may include units in collective investment schemes, warrants, deposits, derivatives and other permitted
investments and transactions).
To achieve capital growth, the fund is invested mainly in the shares of Japanese companies, both small and large, with an emphasis on value stocks which have a good long term record. Despite the lack of a physical presence in Japan approximately 100 companies on 4 visits are made each year.
Stockpicking focusses on quality and valuation - 10-year "numbers", notably cash flow, are considered and companies overlooked by the market are sought whilst stocks on high ratings are sold. Typically 70-80% is invested in large companies.
Currency hedging is undertaken and the portfolio is currently 50% hedged as the manager expects the Yen to weaken during 2000.