Exclusive to subscribers to the Money Makers Circle Contents - What's new this week - Latest trust profile - Trust news over the past week - Recent issuance and buybacks - Good reads - Videos and other recordings - Trust price and NAV performance - Z-scores - Investment Trusts Handbook - Appendices
What's new this week This week on the podcast, I discuss one of the big topics of the day, the remarkable Japanese election result, with Nicholas Weindling, the manager of J.P.Morgan Japanese (JFJ). What are the implications for Japanese equities, bonds and the yen of the resounding victory won by ...
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JPMorgan Japanese (ticker: JFJ) was launched in 1927 as The Capital & National Trust and has been focused on Japanese equities since 1982. This trust has been managed by Nicholas Weindling since 2007 with Miyako Urabe coming on board as co-manager more recently in 2019. JFJ invests in a relatively concentrated portfolio of quality growth stocks and normally uses a low double-digit level of gearing, benefiting from low-rate yen loans. Returns since Weindling became the lead manager in 2010 have been 9.0% on an annualised NAV basis compared to 7.6% for the TOPIX benchmark although JFJ has un...
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