Maximising exposure to our highest conviction in-house research ideas
1 Source: Schroders as at 31 July 2017.
Andrew Rose has been part of the Japanese team at Schroders since 1981. In 1987, he started working as a Japanese equity fund manager and then became the senior investment officer in the Tokyo office in 1996. Andrew worked in London as joint head of Japanese equity in 1999, before returning to Tokyo in 2001 to head the Japanese equity team. Andrew currently works in London. He holds a degree in Japanese and Politics from Sheffield University and a degree in International Economics from Kobe University.
Masaki Taketsume is based in London with 24 years of investment experience. He joined Schroders in 2007 as the analyst for the Japanese technology sector analyst, based in Tokyo. Immediately prior to Schroders, Masaki was a Japanese equity research analyst at Deutsche Trust Bank & Deutsche Securities from 2005 to 2007. His career in investment began with fund management roles at both Nikko Asset Management from 1994 and Deutsche Trust Bank from 1998. He holds a BA in Economics from Keio University, CMA from The Securities Analysts Association of Japan, CFA Charter holder
The principal investment objective of the Company is to achieve capital growth from an actively managed portfolio principally comprising securities listed on the Japanese stock markets, with the aim of achieving growth in excess of the TSE First Section Total Return Index in sterling over the longer term.
The Manager utilises an active stock driven investment approach, drawing on Schroders' extensive research resources in Japan. The portfolio is principally invested in a broad range of companies quoted on the Tokyo Stock Exchange, the regional stock markets of Fukuoka, Hiroshima, Kyoto, Nagoya, Niigata, Osaka and Sapporo and the Japanese over the counter (OTC) market. Investments may also be made in companies listed elsewhere but controlled from Japan or with a material exposure to the Japanese economy. There are no constraints on size of company or sector allocation. This flexibility will allow the Manager to take advantage of changes in market sentiment and in the domestic economic cycle as it develops.
The portfolio is mainly invested in equities but may also be invested in warrants, convertibles and other derivative instruments where appropriate. The Company may invest up to 5% of its assets in securities which are not listed on any stock exchange, but would not normally make such investment except where the Manager expects that the securities will shortly become listed on a Japanese stock market.
Investment trusts offer a flexible and effective way to gain exposure to some of the world's most dynamic markets and regions, and can be used to meet a variety of investment outcomes. For more information on how Schroder Japan Growth Fund Plc shares can be bought and sold, visit our How to invest page.
Past performance is not a guide to future performance and may not be repeated. The value of investments and the income from them may go down as well as up and investors may not get back the amount originally invested.
The Company invests in smaller companies that may be less liquid than in larger companies and price swings may therefore be greater than investment companies that invest in larger companies.
The Company will invest solely in the companies of one country or region. This can carry more risk than investments spread over a number of countries or regions.
The Company holds investments denominated in currencies other than sterling, investors should note that exchange rates may cause the value of these investments, and the income from them, to rise or fall.
The Company may borrow money to invest in further investments, this is known as gearing. Gearing will increase returns if the value of the investments purchased increase in value by more than the cost of borrowing, or reduce returns if they fail to do so.