Pictet Japanese Equity Opportunities I GBP

  • 9438.00p
    Price (Inc)

    These are the shares in the fund that pay out an income to clients. The income is made up of the total dividends – the money a company can pay out to its investors – from the companies in the fund.

  • -
    Price (Acc)

    These are the shares in the fund that don’t pay out an income to clients. Any dividends – the money a company can pay out to its investors – are reinvested into companies in the fund. Despite no income, the shares should be worth more over time. Good incentive, eh?

  • 5.00% 0.00%

    Initial charge

    Some funds charge you when you first invest, which is aptly known as the initial charge. They’re usually between 3-5% but at Bestinvest, we usually don’t charge you a penny!

  • 0.60%
    Annual management charge

    This is how much the fund management company charges to run the fund. It’s like paying a babysitter, dog sitter or house sitter (that makes well-informed, heavily researched changes to improve your baby/dog/house when needed).

  • 0.98%
    Ongoing charges

    This stands for Ongoing Charges Figure. It’s the cost of running a fund and includes admin fees, manager fees, administration costs, etc.

  • 0.00%
    Yield

    How much the fund is currently paying out in income to investors. It’s NOT to be confused with the overall growth of a fund – a very different thing indeed. It’s also NOT a guarantee of future pay-outs, just a snapshot. This is more what it’s not than what it is…

Prices as at 26 February 2021

Fund summary

Sector Japan
Structure OFFSHORE FUND
Launched January, 2012
Size £1,048m
Yield 0.00%
Charging basis
Dividends paid Acc units only

Charges

Standard initial charge 5.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 0.60%
Ongoing charges figure 0.98%

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Investment process

Manager research

Average monthly relative returns

  • 16/17 0.14%
  • 17/18 0.22%
  • 18/19 0.38%
  • 19/20 0.35%
  • 20/21 0.00%

Bestinvest MRI

  • 3 years 0.00%
  • 5 years 0.00%
  • Career 0.08%
  • 3 years 0.00%
  • 5 years 0.00%
  • Career 84.90%

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

Adrian Hickey

Hickey joined Pictet Asset Management in 2006 and is Head of the Japanese Equities team in the Developed Equities team. He began his investment career in 1001 with Scottish Equitable, initially as a buy-side analyst before moving into a portfolio management role. In 1996 he moved to the Tokyo office of Commerz International Capital Management where he spent four years an an equity analyst. In 2000 he returned to the UK where he joined Edinburgh Fund Managers. He was promoted to Head of Japanese Equities at EFM in late 2002, a position he held until EFM was taken over by Aberdeen Asset Management in 2003. He has worked for Shell Pensions Management Services since December 2003. Hickey is a graduate of the universities of Birmingham and Lancaster. He is a fluent Japanese speaker having spent two years teaching English in Northern Japan immediately after graduating from his first degree.

Track record

Adrian Hickey has 9.4 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.08%. During the worst period of relative performance (from December 2002 - November 2008) there was a decline of 14% relative to the index. The worst absolute loss has been 57%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is 85%.

Periods of worst performance

Absolute -57.00% (August 2000 - February 2009)
Relative -14.00% (December 2002 - November 2008)

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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Key Investor Information

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