Henderson’s Bill McQuaker
“Hideo Shiozumi’s fund invests in a concentrated portfolio of small and mid-cap Japanese companies that have growth characteristics and are exposed to the domestic economy. The fund has returned 80 per cent over 1 year, outperforming the MSCI Japan GR index by over 49 per cent. Alongside this exceptional capital growth, the fund has delivered a volatility of over 30 per cent over the same period.
“The small and mid cap nature of the stocks in the fund should participate in any continued strength in Japanese equities as monetary policy action continues and economic data improves. The fund is also positioned to benefit from structural change in Japan, with exposure to industries that benefit from deregulation and the shift from a manufacturing to service lead economy.”