Schroder Japan Growth Fund plc

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Why invest?

Offers superior long-term growth potential by identifying attractive investment opportunities in Japan’s equity market.
A successful track record, with revenue per share more than trebling in the past five years.¹
Managed by a fund manager with more than 30 years of experience investing in Japan, supported by a long-established and highly experienced local team of analysts.

¹Source: Schroders as at 31 July 2017.

Meet the managers

Andrew Rose

Japanese Equities Fund Manager

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

Japanese Equities Fund Manager

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

Investment objective

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.

Investment policy

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.

Disciplined and repeatable approach

Investor profile

May be suitable for investors who:

are aiming for capital growth and willing to invest in a higher-risk fund
are willing to accept possible short-term losses for the benefit of potential long-term gains
are looking for exposure to the potential growth from Japanese equities
are comfortable with the risks associated with an equity-based investment
have a medium- to long-term investment horizon of three to five years or more

May not be suitable for investors who:

are seeking a lower-risk fund
don’t want to put their capital at risk
are uncomfortable with the level of risk associated with equity-based investment
have a short-term investment horizon
can’t tolerate short-term volatility
are uncomfortable with the risks associated with investing in small and medium-sized companies

Getting started

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.

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What are the risks?

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.

Contact Schroders

Schroders is a world-class asset manager operating from 32 countries across Europe, the Americas, Asia, the Middle East and Africa.

Worldwide locations

For any further questions, please contact us.

Please remember that the value of investments and the income from them may go down as well as up and investors may not get back the amounts originally invested.

Marketing material.

Issued by Schroder Unit Trusts Limited, 1 London Wall Place, London EC2Y 5AU. Registered Number 4191730 England.

Schroder Unit Trusts Limited is an authorised corporate director, authorised unit trust manager and an ISA plan manager, and is authorised and regulated by the Financial Conduct Authority.

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"We seek to take advantage of local knowledge to provide access to areas of the Japanese market with the greatest potential for added value."

Andrew Rose and Masaki Taketsume

Co-managers of the Schroder Japan Growth Fund

Why invest?

Meet the managers

Andrew Rose

Japanese Equities Fund Manager

Masaki Taketsume

Japanese Equities Fund Manager

Investment objective

Investment policy

Disciplined and repeatable approach

Investor profile

May be suitable for investors who:

May not be suitable for investors who:

Getting started

Never miss an update

Latest insights

Learn more about our approach to managing investment trusts and access the latest ideas and opinions from our investment teams.

What are the risks?

Contact Schroders

Important Information