UK - Martin Currie Investment Management is to open its high alpha Japanese mid-cap equities fund to UK schemes.
The Martin Currie GF Japan Mid-Cap fund is currently only available to US-based schemes. But from February 23 it will be offered to UK and European institutional investors. It aims to outperform the MSCI Japan index by three percentage points per annum, and over three years it has returned 7.2% while the benchmark has returned -4.7%.
Martin Currie believes that schemes should invest in Japanese stocks to take advantage of the improvement in the Japanese economy following its 13-year recession.
In particular, it claims that mid-cap stock can provide schemes with consistent outperformance due to its exposure to the growing sectors of the Japanese economy – such as services – and corporate restructuring which has led to more better margins.
Director, institutional business development Donny Hay (pictured) said: “Martin Currie believes the Japanese equity market offers significant upside potential after 13 years of decline and this fund, which mainly targets domestic medium-sized companies, is ideally placed to benefit from this trend.”
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