Fidelity Japan Trust Plc (LON:FJV) is the topic of conversation when Hardman & Co Analyst Mark Thomas joins DirectorsTalk Interviews.
Mark talks us through his latest report entitled ‘FJV: 10 questions for the AGM on 17 May 2022’, explains the impact of the Ukraine crisis on the trust, why performance has dipped recently, and what will see it return to outperformance, performance in a higher inflation environment and the outlook for Japanese equities for the rest of 2022.
Fidelity Japan Trust PLC aims to be the key investment of choice for those seeking Japanese companies exposure.
The Trust has a ‘growth at reasonable price’ (GARP) investment style and approach – which involves identifying companies whose growth prospects are being under-appreciated or are not fully recognised by other investors. Although these companies may exist in all areas of the market the investment process often naturally leads the Trust to focus on medium-sized and smaller companies, where lower levels of analyst coverage creates more frequent or greater mispriced growth opportunities.