Man GLG Japan CoreAlpha Professional Class - Income (GBP)
Our view on this Fund
This fund is on the Wealth Shortlist of funds our analysts believe have the potential to outperform their peers over the long term. However, this is not a recommendation to buy.
Lead manager Stephen Harker and senior manager Neil Edwards will step down from this fund at the end of March 2021. Jeff Atherton, who's been a co-manager since 2011, has already taken over as lead manager, while Harker and Edwards remain co-managers for now. Atherton has 30 years' experience investing in Japan and analysing and researching companies based there. It means he has a deep understanding of the Japanese market.
A lot of experience will be lost following the departure of Harker and Edwards, and the fund will have less resource behind it. This has naturally dented our conviction.
That said, the remaining team has a strong pedigree investing in Japan and are focused on the job in hand. They're not involved in running other funds, and are dedicated to the Man GLG Japan CoreAlpha strategy.
The fund will remain on our Wealth Shortlist as we feel it's still in capable hands. Atherton is a highly experienced Japanese equities investor and we believe he can lead the team and fund successfully going forward. We will inform investors if our views changes.