Invesco Japan Class Y - Accumulation (GBP)
Our view on this Fund
This fund does not feature on our Wealth 50 list of what we believe are the best funds in each sector. If a fund is not within our Wealth 50 this is not necessarily a recommendation to sell. However, if you are thinking of adding to your investments we believe Wealth 50 funds are superior alternatives. View funds on the Wealth 50 »
This fund is managed by Paul Chesson, an experienced fund manager who has been investing in Japanese shares at Invesco Perpetual since 1997. He adopts a high-conviction investment approach, which is often contrarian in nature and means the manager is prepared to move around the positioning of the portfolio relatively aggressively if his views change.
While Paul Chesson has outperformed the Japanese stock market over a long period of time, performance has been volatile and overall we do not feel investors have been sufficiently compensated for the risks taken. In our view, there are other talented fund managers in the Japan sector who have demonstrated more consistent performance and a greater ability to add value through astute stock-picking over a prolonged period. Furthermore, investors are able to access these managers at a lower ongoing fund charge, which can make a real difference to performance over the long term.