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Fidelity Japan Trust (FJV)

Business description

Fidelity Japan Trust (formerly Fidelity Japanese Values) aims to achieve long-term capital growth by investing predominantly in equities and related securities of Japanese companies. Although its investment approach remains unchanged, it has recently changed its benchmark from a mid- and small-cap Japan index to the TOPIX index (total return, in sterling terms), and its AIC sector from Japanese Smaller Companies to Japan.

Stock data

Market cap.£202m
Last close149.50p
High / Low (52 weeks)167.0p / 136.0p
Stock market listingLN
Forecast net debt (m)N/A
Forecast gearing ratio (%)N/A
TeamInvestment Companies
SectorInvestment Companies

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Investment summary

Fidelity Japan Trust (FJV) has a bottom-up, research-intensive investment process, a flexible approach to gearing and a focus on stocks across the market cap spectrum that offer growth at a reasonable price (GARP). Lead manager, Nicholas Price, has just notched up three years in charge, but has been with Fidelity in Japan for 25 years, first as part of the well-resourced analyst team and later as a portfolio manager across a range of mandates. FJV was known as Fidelity Japanese Values until May 2018, but changed its name as one of a number of administrative changes designed to align with the trust’s all-cap, growth-focused strategy. Short- and longer-term performance have been strong, both in absolute terms and relative to indices; the discount widened over the summer while NAV performance remained positive, supporting near-term re-rating potential.

Last updated on 18/09/2018

Latest research

Latest video

Bitesize briefing - Fidelity Japan Trust

Key management

Claire Dwyer, Associate Director, Investment Trusts

Company address

Beech Gate, Millfield Lane, Lower Kingswood, Tadworth,
Surrey
United Kingdom
0800 41 41 10
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