Melchior Japan Advantage A Accumulation GBP
At a glance
| Initial charge | 5.00% |
|---|---|
| Initial saving | 3.00% |
| Annual charge | 2.15% |
| Annual saving | 0.100% ² |
| Total Expense Ratio | 2.43% |
| Launch date | 11-12-2007 |
| Launch price | £1.00 |
| Sector | Japan |
| Fund size | £104 million |
| Number of holdings | 116 |
| Fund type | OEIC |
| Type of units | Accumulation |
Ways to Invest
Find out how to invest in this fundHL Research - Our view on this Fund
Akira Yoshimi has been quick to react to changes in the market. At the start of this year the fund was biased towards the export sectors which proved beneficial. As investors became risk averse he increased exposure to more defensive areas like food, telecoms and utilities which are expected to weather the storm. He feels we could be reaching a bottom in the market and is looking to invest in companies well placed to benefit from any recovery.
Full research
About the Fund Manager
Akira Yoshimi
Located in: Tokyo
Akira Yoshimi joined FuNNeX in August 2005. Prior to this, Akira worked for the investment management team at Daiwa International Capital Management (currently Daiwa SB Investments). He joined in 1987 as a Japan Equity Fund Manager. Later roles included leader of Japanese Equity Value-Oriented Team managing JPY150bn for institutional clients.
Income details
| Running yield | N/a |
|---|---|
| Income paid | N/a |
| Type of payment | Dividend |
All yields are variable and not guaranteed. There is currently no yield information available for this fund.
Distribution dates
Distribution dates are currently unavailable.
Top 10 holdings
| Nomura Asset Management Co. Ltd. TOPIX Exchange Traded Fund | 4.29% |
|---|---|
| Toyota Motor Corp. | 4.00% |
| Nippon Telegraph & Telephone Corp. | 3.32% |
| Mitsubishi UFJ Financial | 3.03% |
| Mizuho Financial Group | 2.48% |
| Kyushu Electric Power Co. | 2.17% |
| Honda Motor Co. | 2.10% |
| Mitsui Fudosan Co. | 2.03% |
| Mitsui & Co. | 1.94% |
| Nintendo Co. | 1.91% |
Top 10 sectors
| Banks | 10.00% |
|---|---|
| Automobiles & Parts | 9.69% |
| Leisure Goods | 7.02% |
| Support Services | 6.28% |
| Electricity | 5.76% |
| General Retailers | 5.44% |
| Pharmaceuticals & Biotechnology | 4.89% |
| Non-Classified | 4.29% |
| Construction & Materials | 3.77% |
| Industrial Engineering | 3.61% |
Top 10 countries
| Japan | 94.45% |
|---|---|
| Non-Classified | 4.29% |
| Cash and Equiv. | 1.26% |
² Annual saving is not available in the SIPP.
³ If you elect to receive the income from a Vantage ISA, Fund or Share Account, we will collect any dividends for you and then pay them directly into your bank account within the first 10 working days of the following month.
Last valuation as at 01-12-2008. Data accurate as at 31/10/2008.
