BNP Paribas hard closes £1.4bn Japan fund

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BNP Paribas Asset Management has hard closed its Japanese smaller companies fund following recent high inflows.

The Parvest Equity Japan Small Cap fund has attracted flows via the wholesale distribution team and the BNP Paribas Group Network, the asset manager said in a statement.

The £1.4bn fund has suspended new subscriptions effective 30 June.

It has delivered annualised returns of 24.5 per cent over the three years to 31 May.