POLAR CAPITAL JAPAN I GBP

  • 1576.89p Price (Inc)
  • - Price (Acc)
  • 5.00% 0.00%

    Initial charge
  • 1.00% Annual management charge
  • 1.00% Ongoing charges
  • 0.80% Yield

Fund data last updated 21 October 2019

Fund summary

Sector Japan
Structure OFFSHORE FUND
Launched April, 2009
Size £314m
Yield 0.80%
Charging basis
Dividends paid

Charges

Initial charge 5.00%
Initial charge via Bestinvest 5.00%
Additional bid/offer spread 0.00%
Annual management charge 1.00%
Ongoing charges figure 1.00%

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Investment process

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
-0.17% 0.06% 1.79% -0.23% 0.70% 0.75% 0.43% 0.54% 50.00% 50.00% 100.00%

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

James Salter

Salter joined Polar Capital in February 2001 from Bonfield Asset Management. Before that he spent time at both Schroders, where he was a senior fund manager for their Japan Growth Fund, and Martin Currie, as a director and fund manager of their Japanese Funds. Salter began his career at F&C where he was assistant fund manager. He has over 19 years of investment experience and has helped establish the Japanese team at Polar Capital. He is a member of the CFA institute. Salter was born in London in 1965 and attended the University of Reading and the University of London, studying Classics and Anthropology respectively.

Track record

James Salter has 15.9 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.54%. During the worst period of relative performance (from July 1998 - September 1998) there was a decline of 13% relative to the index. The worst absolute loss has been 50%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is more than 99%.

Periods of worst performance

Absolute -50.00% (April 1996 - September 1998)
Relative -13.00% (July 1998 - September 1998)

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 Documents

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