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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Revolut launches its first stocks and shares ISA with BlackRock and Vanguard ETFsA year after getting its UK banking licence, Revolut is now launching its first stocks and shares ISA with a suite of exchange-traded funds (ETFs) from BlackRock and Vanguard.
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What does Trump’s ‘Big Beautiful Bill’ mean for the US economy?Donald Trump’s budget bill will slash taxes, but is expected to add at least $3 trillion to US national debt
