Japanese Equity Fund
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Investment Manager:
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Close Investments Limited
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Investment Adviser:
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Lindsell Train Limited
(Appointed 1 February 2004)
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Launch Date:
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30th October 1998 (A Share Class)
1 March 2006 (B Share Class)
1 March 2006 (B-Distributing Share Class*)
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Sub Fund Adviser:
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Michael Lindsell
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Investment Policy
The Close Investments Japanese Equity Fund (“the Sub Fund”) is an actively managed fund investing in a selective portfolio between 20 – 30 stocks. The investment style is bottom-up, where companies are screened to find good medium term growth prospects, strong balance sheets and attractive valuations.
Investment Objective
To increase real value of client capital over the longer term from a focused portfolio of equities (and if considered appropriate, convertible securities) primarily quoted on stock markets in Japan. The investment performance of the managers will be measured against the TOPIX index (with income reinvested) and their target will be to secure out-performance over the long term. It is not the current intention to invest in underlying collective investment schemes provided however that the Sub-Fund can invest up to 10% of its net assets in underlying collective investment schemes if the Investment Manager so determines.
Benchmark
Japan (TSE) First Section (TOPIX) JPY
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