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Fund of the Week: trusting in Japan for my pension
The GLG Japan CoreAlpha fund, run by Stephen Harker, Neil Edwards and Jeffrey Atherton, has been through a rough patch, but its long-term figures are highly impressive.
If your pension is anything like mine it has suddenly started to look a little rosy.
After what has felt like an interminable period I am finally back in the black.
Such is my scepticism I do not think it will last for long. However, I am very interested in the performance of one of my holdings: the GLG Japan CoreAlpha fund run by Stephen Harker, Neil Edwards and Jeffrey Atherton. It is fair to say that their deep value, contrarian style has not had a good time of late, and the fund sits bottom of the group over short periods.
This, though, is uncharacteristic for a fund with extremely good long-term numbers.
I believe that Japan has a lot going for it, it's cheap, it sits in the fastest growing region on the planet, and its currency has to weaken at some stage. This is a punchy call as it has had many false dawns over the years, but I feel that the third-largest economy in the world might well be in for a purple patch.
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From the Forums
by Gavin Lumsden on Jun 05, 2015 at 08:57