At the end of April Japan celebrates Golden Week. It's a period of four annual national holidays. This year, in addition to the usual Golden Week celebrations, a new Emperor will be crowned. To mark this occasion the Japanese government has declared two additional national holidays.
This results in a ten-day holiday between 27 April and 6 May 2019. During these dates all Japanese banks and financial institutions, including the stock market, are closed.
How will Japanese funds be affected?
Some funds will suspend dealing. That means you won't be able to buy or sell any affected fund throughout the period. Any deals placed between 27 April and 6 May will be placed when the fund reopens, and you’ll receive confirmation shortly after.
Other funds plan to remain open for dealing but they have the right to suspend dealing if there are large outflows from the fund.
If you want to trade before the period starts, you need to give your dealing instruction before 8am on Friday 26 April.
We've listed some of the most popular Japanese funds below to show if they'll be open for dealing or suspended throughout the period.
|Baillie Gifford Japanese Smaller Companies||Open for dealing*|
|HSBC Japan Index||Dealing suspended|
|Invesco Japan||Dealing suspended|
|iShares Japan Equity Index||Dealing suspended|
|JO Hambro Japan||Dealing suspended|
|JO Hambro Japan Dividend Growth||Dealing suspended|
|Legg Mason Japan Equity||Dealing suspended|
|Lindsell Train Japanese Equity||Dealing suspended|
|Man GLG Japan CoreAlpha||Dealing suspended|
|Schroder Tokyo||Open for dealing*|
*All funds remaining open reserve the right to suspend dealing if they see significant outflows
This article is not personal advice. If you are unsure please seek advice.
All investments can fall as well as rise in value so you could get back less than you invest. Investments are intended to be held for the long term.
If you need more information or would like to enquire about a fund that's not on the list, please contact us.