Which Japan funds are buying opportunities?

SINGAPORE (June 28): Britain’s decision to exit the European Union saw Japan’s benchmark Nikkei index slumping 7.9% to February levels last Friday. Since then, the index has recovered some ground, gaining 2.5%. Should investors decide to jump into Japanese stocks now, which funds are best positioned in the medium to long term?

This year, the best Japan-focused funds sold in Singapore are those invested in small/mid-cap stocks (see table). They are led by the $986 million Parvest Equity Japan Small Cap fund, up 4.5%; the $158 million Fidelity Japan Aggressive fund, up 3.6%; and the $174 million PineBridge Japan Small Cap Equity fund, up 3.5%. This compares to the bottom five performers, which are all large-cap funds and have returns ranging from –12% to –15.7%.

 

To continue reading, Sign in to access this Premium article. Subscription entitlements: Less than $9 per month 3 Simultaneous logins across all devices Unlimited access to latest and premium articles Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login) SUBSCRIBE NOW Related Stories Spilling the beans on the cost of Brexit Unfettered by Brussels, UK flexes new trading possibilities Using cloud and data analytics to address the demands of the digital business Stay updated with Singapore corporate news stories for FREE Enter a valid email address SEND ME UPDATES Follow our Telegram | Facebook Thank you! Please check your email inbox to confirm your newsletter subscription. Trending Now 1 Game publisher Garena secures its base in Southeast Asia; gets ready to 'level up' 2 SMRT Corp - Corporate moves 3 Australian consumer watchdog clears Wilmar for Goodman Fielder acquisition 4 Singapore eDevelopment to issue perp bonds of up to $300 mil with 8% annual coupon 5 Yangzijiang Shipbuilding downgraded to ‘hold’ by OCBC; fair value at $1.24 ×