Neptune rolls out Japan Institutional fund to retail investors

Chris Taylor Neptune 700Neptune is opening up its Japan Institutional fund to retail investors.

The £286m Neptune Japan Institutional fund was launched in June 2015 for institutional investors. Following subsequent demand from retail investors, namely UK discretionary fund managers, Neptune is offering the strategy to the wider market.

Neptune Japan Institutional differs to the older Neptune Japan Opportunities fund in that it offers both unhedged and hedged currency share classes.

In Neptune Japan Opportunities manager Chris Taylor – who runs both portfolios – selectively applies a portfolio-level currency hedge.

Both funds aim to provide capital growth by investing in between 40 and 60 Japanese companies, with nine out of 10 of the top 10 holdings the same across the portfolios.

Neptune Japan Institutional is up 42 per cent over one year against the IA Japan sector average of 33.1 per cent, while Neptune Japan Opportunities returned 24 per cent, FE data shows.

Neptune Japan Institutional – which is being renamed Neptune Japan Equity – was launched on the Standard Life platform on 11 May 2017.