Fund Objective

There is no fund objective available from this fund manager.

View on Past Performance

In the 6 months to 29 August 2008 the share value of the Fund rose 1.0% compared to a 0.1% rise in the Topix Index, in sterling terms. Japan's Prime Minister, Yasuo Fukuda, has resigned after less than a year in office. While this creates some short-term political uncertainty, it is unlikely to have much impact on the fundamental attractions of the Japanese stock market.During the month, we added to our existing holdings in Ricoh, Mitsui & Co., Mitsui Sumitomo Insurance Group, and Toyota Motor. We believe that these are good quality companies trading at attractive valuations.

Fund Details