Our view on this Fund
Since the re-election of Shinzo Abe as Prime Minister Japanese stock markets have performed strongly as investors believe his policies will boost the economy. This fund has captured recent gains well.
Information from the fund manager
Please note: The information in this box has been provided by, and is issued by, the fund manager and not Hargreaves Lansdown. Hargreaves Lansdown accepts no liability for the reliability or accuracy of the data provided by third parties.
HL sector comment: Japanese Smaller Cos
Our view on this sector
Sentiment towards Japan has improved dramatically recently. Haruhiko Kuroda, the governor of the Bank of Japan, announced a huge stimulus package, including doubling its quantitative easing (QE) programme to 7 trillion yen (£46 billion) each month. The sheer scale of this round of QE is far bigger than we have seen from any other country, including in the US, and in an economy around one-third of its size.
It is hoped these measures will weaken the yen further, provide a boost for exporters, and create inflation. If they are successful it could provide a major boost for the Japanese stock market, which our analysis still shows is among the cheapest major stock markets. It could be an opportune time to consider increasing exposure.
HL group comment: Invesco Perpetual
Our view on this Fund Management Group as a whole
Invesco Perpetual was formed by the merger of Invesco and Perpetual in December 2000 following the acquisition of the two companies by Amvescap (now Invesco Ltd). It is one of the largest investment managers in the UK and offers a diverse range of funds across a number of sectors. The group trades as Invesco Ltd outside the UK and is listed on the New York Stock Exchange.
Invesco Perpetual believes there are no short cuts to long-term investment success. The group has excelled in managing UK equities, headed by the highly acclaimed Neil Woodford.