Investment Objective
The investment objective of the Fund is to achieve stable (compared with volatility of equity markets in Japan in general) and long-term capital appreciation by investing in Japanese companies focusing on their fair value. The Investment Manager will take long positions towards Japanese companies which the Investment Manager considers to be priced below their fair value, have the financial strength to successfully survive recession, and can profit from recovery. The Fund aims to increase returns through shorting over-priced equities the prices of which, in the Investment Manager's view, may be corrected in due course.
Performance
| JAN | FEB | MAR | APR | MAY | JUN | JUL | AUG | SEP | OCT | NOV | DEC | YTD | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 0.4 | 0.4 | 0.5 | 0.3 | 0.0 | 0.9 | 0.4 | 0.9 | 0.2 | 0.5 | 0.7 | 0.2 | 0.9 | |
| 2019 | 0.4 | 0.7 | 0.9 | 0.6 | 0.6 | 0.2 | 0.5 | 0.2 | 0.9 | 0.4 | 0.3 | 1.0 | 0.8 |
