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FTF Martin Currie Japan Equity X

Bestinvest LogoHighly concentrated on small, fast growing companies, this fund will be significantly more volatile than most in the sector.

PRICE (INC)

384.1p

PRICE (ACC)

384.1p

INITIAL CHARGE

0%

ANNUAL MANAGEMENT CHARGE

0.75%

ONGOING CHARGE

1.02%

YIELD

0%

1 YEAR
-30.40%

Prices as at 01 Jul 2022.

We don’t currently provide commentary on this fund.

Past performance is not an indication of future performance.

Capital at risk.

The fund aims to produce a capital return above the TOPIX index over a full market cycle. Tokyo based Hideo Shiozumi has been managing Japanese equity money since 1970 and specialises in smaller and mid capitalisation companies. The portfolio is concentrated and has little resemblance to any benchmark so relative performance can differ substantially. This also means that the portfolio differs greatly from those that UK investors typically get exposure to.

Fund summary

SectorJapan
StructureOEIC
LaunchedDecember 2012
Size£728m
Yield0%
Charging BasisIncome
Dividends paidAcc units only

Charges

Standard Initial Charge0%
Initial Charge Via BestInvest0%
Additional Bid/Offer Spread0%
Annual Management Charge0.75%
Ongoing Charges Figure1.02%

Investment Process

Stock selection arises from extensive research undertaken on potential holdings. This will include meeting company management, customers and competitors. Stocks are held strategically over a long period of time and the portfolio tends to be concentrated with a high weight given to the top ten holdings. On a long term view the fund manager believes that Japan is experiencing cultural and social change with the market moving from being biased to manufacturing to one which is more service and consumer-orientated. The fund therefore aims to identify 'new Japan' companies, which have rapid and consistent earnings growth. These are companies which have grown by a minimum of 20% pa over at least two years and are predicted to grow by at least this level in the future. The fund has no exposure to the well known Japanese manufacturers or banks. Instead the portfolio is focused primarily in service, retail and wholesale stocks that are benefiting from consumers' increasing use of the internet. Another theme in the portfolio is healthcare, which aims to take advantage of the unfavourable demographics in Japan.

The information on this website is not intended to be advice or a recommendation to buy, sell or hold any investment mentioned. The value of investments and the income from them can go down as well as up and you may not get back the amount invested.

Past performance is not a guide to future performance. View full risk warning