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Man GLG Japan CoreAlpha Equity I H GBP

Bestinvest LogoA large cap value style fund with a concentrated portfolio

PRICE (INC)

14440p

PRICE (ACC)

22702p

INITIAL CHARGE

0%

ANNUAL MANAGEMENT CHARGE

0.75%

ONGOING CHARGE

1.11%

YIELD

0%

1 YEAR
12.11%

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 outperform the TOPIX index by investing mainly in large cap Japanese companies. Stephen Harker, Head of the CoreAlpha team, has a distinct 'value' style, i.e. he invests in companies that are trading below their 'correct' valuation, rather than companies with high rates of growth. The portfolio can take aggressive sector and stock positions relative to the index and as a result the fund tends to be one of the more volatile in the sector. However Harker's long term track record justifies his approach. This is the currency hedged version of the fund.

Fund summary

SectorJapan
StructureOFFSHORE FUND
LaunchedMarch 2010
Size£1,543m
Yield0%
Charging BasisCapital
Dividends paid31 Mar

Charges

Standard Initial Charge0%
Initial Charge Via BestInvest0%
Additional Bid/Offer Spread0%
Annual Management Charge0.75%
Ongoing Charges Figure1.11%

Investment Process

The CoreAlpha team are based in York but visit Japan regularly. Harker leads the team and his style style is actually quite simple, founded as it is on his significant experience in Japanese equities and a keen study of history. The fund's process is based on the belief that large cap value stocks will outperform over the long term. The CoreAlpha managers believe that there is significant mean reversion in stock markets generally and in Japan particularly. Typically the managers therefore focus on what they consider to be valuation anomalies rather than companies with high growth rates. The preferred valuation methodology is Price to Book which compares the company's market capitalisation to its assets, which has traditionally been a potent metric in Japan. The managers conduct balance sheet analysis to ensure that the companies are financially secure.

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