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SKANDIA INVESCO PERPETUAL JAPAN SP PF - Fund overview

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Overview of SKANDIA INVESCO PERPETUAL JAPAN SP PF

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

No data available.

Fund summary

Sector	–
Product type	PENSION FUND
Launched	September, 2003
Size	£29m
Yield	0.0%
Charging basis	–
Dividends paid	–
Bid price	118.60p

Fund Charges

Standard Initial charge	–
Initial charge via Bestinvest	–
Additional bid/offer spread	0.00%
Annual management charge	1.25%
Total expense ratio	1.25%
Reduction in yield (10yr)	1.25%

Bestinvest says

No information available.

Portfolio

skandia invesco perpetual japan sp pf asset allocation illustration

Allocation		Proportion

	Equity	97%
	High yield bonds	0%
	Quality bonds	0%
	Property	0%
	Commodities	0%
	Hedge	0%
	Fund cash	3%

skandia invesco perpetual japan sp pf equity geographic illustration

Allocation		Proportion

	UK	0%
	Europe	0%
	Nth America	0%
	Japan	100%
	Pacific	0%
	Other Equity	0%

skandia invesco perpetual japan sp pf equity capitalisation illustration

Allocation		Proportion

	Large Caps	75%
	Mid Caps	25%
	Small Caps	0%

View all performance data for SKANDIA INVESCO PERPETUAL JAPAN SP PF

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.

The value of your investments and the income from them can go down as well as up, and you can get back less than you originally invested. Past performance or any yields quoted should not be considered reliable indicators of future returns. Before investing in funds please check the specific risk factors on the key features document or refer to our risk warning notice as some funds can be high risk or complex; they may also have risks relating to the geographical area, industry sector and/or underlying assets in which they invest. Prevailing tax rates and relief are dependent on your individual circumstances and are subject to change.

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