Legg Mason IF Japan Equity Fund

The fund was established in 1996 by Hideo Shiozumi, who continues to manage the fund today. He has over 47 years investment experience within Japan. The fund has a great track record so meeting Hideo was a chance to understand his process and what he invests in. Hideo also indicated that he wants to continue running the fund for at least another 3 years which would be 50 years’ experience and beyond that he cannot say. With that in mind, it would be necessary to understand the succession planning for the fund which wasn’t something we covered.

Hideo started by explaining that this is a high conviction growth fund focusing on new Japan. The fund is not driven by large exporters which are sensitive to currency, and tend to be more about ‘old Japan’. He likes to find companies that are in early stages of development and then hold them. Many holdings have been kept for 7 or 8 years, and some for much longer. His view is that patience will deliver the long-term returns. The top ten represents just over 50% of the fund….read more

Fund Facts Morningstar

Notes

Please note...

Shininglights.co.uk is not regulated by the FCA. The information is purely a guide and it is the responsibility of the investor to carry out their own research before making any final decisions. We will ensure that the information is as accurate as possible but we cannot be held accountable for any errors or omissions. No products are sold on this site, nor do we endorse any particular product or investment.

Where there are links to third party sites this is not an endorsement of that site, and we cannot be held responsible for the accuracy of the information on that site.

Where there is reference to performance you should note that past performance is purely a guide and investments can fall as well as rise.

The information on the site belongs to shininglights.co.uk and cannot be replicated or copied without our permission.