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Schroder Tokyo - removal from the Wealth 50

Dominic Rowles | Wed 03 April 2019

Investments can go down as well as up so there is always a danger that you could get back less than you invest. Nothing here is personalised advice, if unsure you should seek advice.

We've removed Schroder Tokyo from the Wealth 50 list of our favourite funds.

The fund's current manager, Andrew Rose, will step down on 28 June 2019. He'll be replaced by Masaki Taketsume, who's been the fund's co-manager since October 2017. Taketsume previously worked in Schroders' Japanese equity research team as a technology analyst since 2007.

He's worked closely with Andrew Rose for a number of years and will continue to use the same approach that's led to good returns in the past. If he succeeds, we think the fund could deliver respectable returns. He'll also have the support of Schroders' team of analysts, which is positive.

But the Wealth 50 highlights managers we believe to be exceptional. Those with long, successful track records and excellent performance potential. These are the things that give us confidence to hold onto a fund, even when the going gets tough.

Taketsume hasn’t been in fund management long enough to convince us he'll deliver strong performance in the future. All fund managers go through periods where their investment style is out of favour. But if a manager is less experienced, it's harder to have confidence they'll pull it back.

We’re not suggesting selling the fund, if it still meets your objectives. We just feel that for making a new investment there are funds more likely to make the most of Japan's potential.

This article and our Wealth 50 are not personal advice. If you're not sure if an investment is suitable for your circumstances, please seek advice.

Important information - Please remember the value of investments, and any income from them, can fall as well as rise so you could get back less than you invest. This article is provided to help you make your own investment decisions, it is not advice. If you are unsure of the suitability of an investment for your circumstances please seek advice. No news or research item is a personal recommendation to deal.


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