JPMorgan Japanese’s objective is to achieve capital growth from investments in Japanese companies by long term outperformance of the Company’s benchmark index, the Tokyo Stock Exchange 1st Section Index (‘TOPIX’) expressed in sterling terms. In order to achieve its investment objective and to seek to manage risk, the company invests in a diversified portfolio of quoted Japanese companies. The number of investments in the portfolio will normally range between 50 and 100. The average number of holdings in the portfolio has reduced in recent years as the manager has focused on those companies that have strong balance sheets and are not affected by macro-economic issues. The company makes use of both long and short term borrowings to increase returns and focuses on first hand company research and analysis.
We have written some notes that explain how the fund works:
- Are we there yet? is an update note published on 17 January 2024
- Backing the new Japan is an annual overview note published on 22 March 2023
- Unjustified selloff creates opportunities is an update note published on 5 July 2022 which examines the impact of the selloff in growth stocks
- Bright long-term future was our annual overview note published on 17 December 2021 following the trust’s annual results
- Medium-term outlook undimmed was an update note published on 24 May 2021 following the company’s interim results
- Strength to strength was an update note published on December 2020 following the company’s full-year results
- Number one for a good reason is our initiation note, which was published on 9 September 2020
You can access the company’s website here