MORANT WRIGHT SAKURA GBP HEDGED

  • 1544.18p Price (Inc)
  • - Price (Acc)
  • 5.00% 0.00%

    Initial charge
  • 1.00% Annual management charge
  • 1.23% Ongoing charges
  • 0.00% Yield

Prices as at 19 February 2016 , fund data last updated 15 November 2019

This fund aims to produce a capital return in excess of the TOPIX benchmark through investment in Japanese equities. It is practically identical to the Morant Wright Japan fund except that it is offshore and has a hedged currency. Morant Wright adopts a cautious, value orientated approach to investing, favouring quality companies with a bias toward mid and small cap stocks. The team therefore place great emphasis on stockpicking and undertake rigorous financial statement analysis.

Fund summary

Sector
Structure OFFSHORE FUND
Launched
Size £456m
Yield 0.00%
Charging basis Income
Dividends paid Acc units only

Charges

Initial charge 5.00%
Initial charge via Bestinvest 5.00%
Annual management charge 1.00%
Ongoing charges figure 1.23%

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Investment process

The managers focus on small and mid cap companies where they believe there are greater valuation anomalies. The team's investment process places an emphasis on balance sheet analysis and they aim to create a portfolio that offers some degree of downside protection in falling markets. Valuation metrics that best describe their investment style include low enterprise value to earnings (EBIT) multiples and price to book ratios. They are less driven by earnings growth potential and this portfolio will typically have a lower valuation than the market. In some cases the team will also look for companies with asset backing where they feel that this is appropriate. Morant Wright is a Japanese equity boutique, established in 1999 and based in London.

Morant Wright is a Japanese equity boutique, established in 1999 and based in London. Ian Morant and Stephen Wright are very experienced managers with a consistent and long track record, and have built up a strong team around them. The fund typically has a relatively low volatility and the managers tends to generate most of their outperformance in weak markets. The managers each have significant experience investing in Japan having worked with many of the UK based Japanese fund managers.

Manager research

Average monthly relative returns

Bestinvest MRI

14/15 15/16 16/17 17/18 18/19 3 years 5 years Career 3 years 5 years Career
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Performance figures are based on the average of monthly percentage returns relative to the benchmark index.

Track record

Periods of worst performance

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Relative 0.00% ()

About the MRI

Our unique indicator: the Bestinvest Manager Record Index (MRI) measures the likelihood that the fund manager is adding value through their decisions. It is based on their performance record over the course of their career, adjusted for the amount of risk taken. MRI is an important contributor to our fund rating system but it is also vital to take account of qualitative factors. It is also very important to select funds to form a cohesive portfolio with an appropriate overall risk level.

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Portfolio

The portfolio will usually be fully invested. The management team can raise cash levels if there are insufficient investment opportunities. Normal position sizes will be between 1% and 3%.

Key Investor Documents

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