The Bank of Japan's 5trn ($61bn) asset purchase programme helped lift the Nikkei to a one-year high in March. But since then it has slid 11.8% on fears about the global economy. Yet Chern-Yeh Kwok, manager of the Aberdeen Global Japanese Equity Fund, tells Investment Week that "despite the headwinds" it's still possible to make strong returns.
Kwok's £152m fund boasts a three-year annualised performance of 5.82% against a benchmark of 0.65% and a sector average of 1.2%. It is also in the top quartile over one, three and five years. So far in 2012 it is up 13.04% against a sector average of 11.86%.
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Aberdeen Global Japanesetop ten holdings
| Canon Inc | 6.5% |
| Shin-Etsu Chemical Co | 6.1% |
| FANUC Corp | 5.2% |
| Keyence Corp | 4.6% |
| Honda Motor Co | 4.5% |
| Bank of Yokohama | 4.1% |
| Unicharm Corp | 4.0% |
| Astellas Pharma | 3.9% |
| Toyota Motor Corp | 3.9% |
| Nabtesco Corp | 3.5% |
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