Twitter icon Email alerts icon Latest News RSS icon Magazine icon Stay connected:

View the article online at http://citywire.co.uk/wealth-manager/article/a724326

Neptune’s AA-rated Chris Taylor: you can make 10 times your money in Japan

by Robert St George on Dec 13, 2013 at 08:01

Taylor observed that he was happy to employ that currency hedge, unlike his peers. ‘The others give you the option of buying a hedged version.’

Taylor challenged the usefulness of leaving hedging to the investor, not least because switching between the share classes can incur capital gains tax. Of funds that had hedged and unhedged options, he suggested: ‘Ask them for half the fees back, because you are making the second most important asset allocation decision.’

Thanks in part to his currency hedge the Neptune Japan Opportunities fund has returned 62% over the past year, ahead of both his benchmark Topix’s 34% and the 35% from his sector.

Taylor nevertheless acknowledged that a 10 times return was far from guaranteed. ‘If Japan does not pull off this trick, it will go bust.’

He concluded: ‘Equities can go down as well as up. If you have a long enough memory, you’ll know that even Japanese equities can go down.’

Sign in / register to view full article on one page

leave a comment

Please sign in here or register here to comment. It is free to register and only takes a minute or two.

News sponsored by:

Long time coming: is the recovery here to stay?


Ian McVeigh and Steve Davies, managers of Jupiter's UK Growth fund, talk about their predictions for the UK equity space. Click here to watch a series of sponsored interviews with Jupiter's fund managers on the UK equity market.

Today's top headlines

More about this:

Look up the funds

  • Neptune Japan Opportunities A Acc GBP
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them

Look up the fund managers

  • Chris Taylor
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them

Archive

On the road

Click here to find out more from the Audience Development team.

Sorry, this link is not
quite ready yet