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Legg Mason IF Japan Equity A

Ranked 124 out of 129 in - Japan over 12 months
All calculations are in GBP unless stated

Managed by

Hideo Shiozumi

Japanese specialist and tennis fan Hideo Shiozumi aims to fill his portfolios with companies which offer high growth over the medium term. He also likes to have a decent selection of small-caps in his funds and prefers these to be in the retail and distribution sectors. His only UK fund is the Legg Mason Japan Equity fund which has a concentrated portfolio of 30-40 holdings. Performance of the fund can be very volatile in the short term but in the medium to long term the results have been very impressive and justified this bumpy ride. Shiozumi aims to maximise performance during good stockmarket periods and minimise his losses in bear phases. Born in Japan on 23 December 1943, Shiozumi chose to study in the US and gained a BA in Economics from Guilford College, Greensboro. He is a veteran of the fund industry and draws on over 33 years’ experience. His career started out when he joined Robert Fleming as an investment analyst in 1970. He spent 12 years with the group, rising to portfolio manager, before his ambition led him to set up his own company Shiozumi & Co (now Shiozumi Asset Management) where he is the president.


To achieve capital growth through investment in securities of Japanese companies. The Fund seeks to achieve its objective by investing principally in the securities of Japanese companies, which have above average growth prospects relative to the shares of Japanese companies as a whole.

Showing fund performance in United Kingdom View performance globally


Japan over : 28/02/2016 - 28/02/2017
  • Rank 124/129 Total Return
  • Rank 129/129 Standard Deviation
  • Rank 129/129 Max Drawdown
Fund Name Currency Return
122 CC Japan Income & Growth USD S Inc GBP


123 Janus Japan U GBP Acc Hedged

Currency exposure is hedged

Currency exposure is hedged



124 Legg Mason IF Japan Equity A GBP


125 JPM Japan A Acc GBP


126 JPMorgan Japan Equity A Dis USD GBP


Fund Name Currency Loss
125 Alma Eikoh Japan Large Cap Equity Fd I GBP Hdg C

Currency exposure is hedged

Currency exposure is hedged



126 Neptune Japan Opportunities A Acc GBP GBP


127 Tiburon Taiko D GBP Hedged

Currency exposure is hedged

Currency exposure is hedged



128 RWC Nissay Japan Focus B JPY GBP


129 Legg Mason IF Japan Equity A GBP


Total Return

Quarterly Performance

to 01/01/2017 Annual Q1 Q2 Q3 Q4
2016 28.7% 20.6% 22.0% -1.4% -11.3%
2015 49.4% 16.8% 4.0% 1.4% 21.2%
2014 -1.4% -5.7% 2.5% 4.1% -1.9%
2013 63.7% 45.1% 6.0% 15.2% -7.6%
2012 8.6% -7.9% 8.1% 7.4% 1.5%
2011 27.1% 2.6% 12.7% 15.2% -4.6%
2010 19.9% 6.8% 0.8% -4.7% 16.8%
2009 -11.7% -18.6% 8.0% 17.2% -14.3%
2008 -11.5% -12.1% -12.8% -7.2% 24.4%
2007 -34.3% -6.9% -17.3% -16.8% 2.7%
2006 -50.6% -11.3% -23.3% -14.8% -14.7%
2005 69.9% 11.5% 8.3% -2.5% 44.2%
2004 28.4% 32.9% 22.9% -21.9% 0.6%
2003 52.6% -3.2% 5.7% 41.0% 5.8%
2002 -21.9% -4.2% 7.9% -11.5% -14.7%
2001 -16.4% -2.2% 8.6% -21.5% 0.4%
2000 -42.4% -2.3% -9.2% -12.1% -26.1%
1999 293.3% 63.3% 38.7% 40.3% 23.8%
1998 35.4% 9.6% 2.9% -11.1% 34.9%
1997 -37.1% -7.9% 14.5% -27.8% -17.3%

Month by Month Performance

Returns Vs Risk

Asset Allocation



Top 10 Holdings

Stock Size
PeptiDream Inc ORD 9.67
Nihon M&A Center Inc ORD 9.60
M3 Inc ORD 6.08
Cyberdyne Inc ORD 5.22
Start Today Co Ltd ORD 5.20
Sosei Group Corp ORD 4.53
Don Quijote Holdings Co Ltd ORD 4.41
SMS Co Ltd ORD 4.34
Welcia Holdings Co Ltd ORD 4.24
Temp Holdings Co Ltd ORD 3.34

Registered For Sale In

  1. United Kingdom

Fund Info

  • Launch date22/10/1996
  • Share Class size77Mn
  • Base currencyGBP
  • ISIN GB0033507467

Purchase Info

  • Min. initial investment3,000
  • Min. regular additional investment0


  • Annual management1.00%
  • Initial investment0

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Performance is for the period shown (month end to month end, bid/bid, gross income reinvested, calculated in the currency and currencies indicated).