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First State Japan Equity III Acc

Ranked 57 out of 68 in - Japan over 12 months
All calculations are in EUR unless stated

Managed by

Martin Lau

Having graduated from Cambridge University with a Bachelor of Arts degree and a Masters in Engineering, Martin Lau has progressed from a somewhat industrious education to Investment Fund Management and now has over 10 years experience in the industry. Born in Hong Kong in 1972, Lau started his investment career in 1995 at BZW in London as part of their risk management team. He subsequently spent six years with Invesco as a fund manager responsible for the greater China funds, Smaller Companies fund and regional portfolios. Lau currently manages a range of China and Asia funds for First State. He describes his investment style for many of the funds he runs as bottom up stock selection with strong macro overlay. He also focuses heavily on quality, growth and price. A keen badminton player, Lau also enjoys playing tennis, walking and going to the cinema.

Sophia Li

Sophia Li is a portfolio manager at First State Stewart Asia, part of First State Investments. Sophia joined the team in August 2009 and is responsible for providing stock ideas to portfolio managers, primarily in the Northern Asia markets. She is also lead manager of the First State Japan Equity Fund. Sophia holds a Masters degree in Statistics from Harvard University and a Bachelor of Science degree from Fudan University. She is also a CFA charterholder.

Objective

The investment objective of the Fund is to achieve long-term capital growth that exceeds the MSCI Japan Index over rolling five year periods before fees and taxes. The Fund will invest primarily in a diverse portfolio of equity securities which are established or have significant operations in Japan and which are listed, traded or dealt in on Regulated Markets worldwide. The Fund may invest in any industry [or sector] .

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Performance

Japan over : 31/07/2016 - 31/07/2017

Total Return

Quarterly Performance

to 30/06/2017 Annual Q1 Q2 Q3 Q4
2017 5.3% 2.5%
2016 6.3% -0.8% 11.1% -0.6% -3.0%
2015 -0.9% -7.9% 16.7%

Month by Month Performance

Returns Vs Risk

Asset Allocation

Breakdown

31/05/2017

Top 10 Holdings

Stock Size
Keyence Corp ORD 5.91
Ryohin Keikaku Co Ltd ORD 5.18
Recruit Holdings Co Ltd ORD 4.97
Start Today Co Ltd ORD 4.73
Tsuruha Holdings Inc ORD 4.50
Misumi Group Inc ORD 4.00
Nitori Holdings Co Ltd ORD 3.97
Daito Trust Construction Co Ltd ORD 3.44
Asahi Intecc Co Ltd ORD 3.15
Kusuri No Aoki Holdings Co Ltd ORD 3.02
31/05/2017

Registered For Sale In

  1. Hong Kong
  2. Ireland
  3. Macau
  4. United Kingdom

Fund Info

  • Launch date02/02/2015
  • Share Class size34Mn
  • Base currencyUSD
  • ISIN IE00BSJWPM96

Purchase Info

  • Min. initial investment500,000
  • Min. regular additional investment0

Charges

  • Annual management1.00%

Performance is for the period shown (month end to month end, bid/bid, gross income reinvested, calculated in the currency and currencies indicated).