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JPM JAPAN C

Bestinvest LogoA mid and small-cap biased equity fund, benefiting from resources in London and Tokyo.

PRICE (INC)

313.8p

PRICE (ACC)

304.6p

INITIAL CHARGE

0%

ANNUAL MANAGEMENT CHARGE

0.75%

ONGOING CHARGE

0.79%

YIELD

0.6%

1 YEAR
2.87%
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Prices as at 06 Dec 2023.

Fund commentary last updated 30 Nov 2023.

Past performance is not an indication of future performance.

Capital at risk.

To provide capital growth over the long-term (5-10 years) by investing at least 80% of the Fund's assets in the shares of Japanese companies. At least 80% of assets invested in equities of companies that are domiciled, or carrying out the main part of their economic activity, in Japan. The Fund may invest in small capitalisation companies.

Fund summary

SectorJapan
StructureOEIC
LaunchedSeptember 2007
Size£923m
Yield0.6%
Dividends paidApril

Charges

Standard Initial Charge0%
Initial Charge Via BestInvest0%
Additional Bid/Offer Spread0%
Annual Management Charge0.75%
Ongoing Charges Figure0.79%

Investment Process

The fund seeks to identify high-quality companies in Japan with superior and sustainable growth potential. Nicholas Weindling, managing director and country specialist for Japan equities and a member of the Japan team within JP Morgan’s Emerging Markets and Asia Equities team based in Tokyo, begins the process by asking himself – “Do we want to own this company over the long term?”. He targets companies with sustainable return on equity, pricing power, competitive advantage, a strong balance sheet and shareholder-focused management teams. The stocks are categorised into premium, quality or trading based on the economics, growth structure and governance of each company. Stocks are then rated on their expected performance by considering risks and valuation on a scale of 1 to 5, with 1 being the highest. Most of the portfolio holdings are rated as premium and quality. Weindling believes that Japan is at least 20 years behind the West in terms of digitisation and trends such as e-commerce, cloud adoption and cashless payments. As such he looks for firms which will lead Japan’s transformation and benefit from other long-term structural trends, such as an ageing population and emerging middle class. The fund has little or zero exposure to what he believes are more challenged sectors in Japan, such as banks and transportation equipment. The portfolio has between 40 and 80 holdings with an investment time horizon of between 3 and 5 years. It can be split into seven main themes including Internet, Japanese Brands and Automation.

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