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Legg Mason IF Japan Equity - New rating
The Legg Mason IF Japan Equity fund has a growth style and invests in small and medium-sized companies with the aim of producing a capital return above the Topix index.
This fund is managed by Hideo Shiozumi, who is based in Tokyo with a small team of only three analysts. Shiozumi believes that Japan is experiencing cultural and social changes which he dubs “New Japan.” His portfolio is primarily focused on e-commerce as consumers increase their use of the internet, and healthcare, where companies aim to take advantage of the unfavourable demographics in Japan. His team then looks for companies with rapid and consistent earnings growth, specifically companies that have grown by a minimum of 20% per year and whilst there are no guarantees, it is predicted to continue to grow by at least this level in the future.
Stocks are held strategically over a long time period and the portfolio tends to be concentrated, holding 30-50 stocks.
Given the concentrated portfolio and unconstrained nature, this fund has high volatility and therefore is only appropriate for higher risk investors or as part of a diversified portfolio.
The fund has been awarded a three star rating and will feature on our top-rated funds list – our research team’s premier selection.
The value of investments, and the income derived from them, can go down as well as up and you can get back less than you originally invested. Different funds carry varying levels of risk depending on the geographical region and industry sector in which they invest. You should make yourself aware of these specific risks prior to investing. Current or past yield figures provided should not be considered a reliable indicator of future performance. This is not advice to invest.