JPMorgan Japanese Investment Trust (JFJ) performed exceptionally well last year. However, as our last update note warned, in periods of market exuberance, JFJ’s performance may lag its benchmark. Over the past couple of quarters, investors have become more excited about the prospects of post-COVID economic recovery in Japan and globally. As lower quality stocks have bounced, JFJ has given up some of its considerable outperformance relative to its benchmark, TOPIX, in recent months. Nevertheless, the managers remain enthused about the medium-term prospects for JFJ’s portfolio and are committed to their stance of backing the ‘new Japan’.
24 May 2021
Medium-term outlook undimmed
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Medium-term outlook undimmed
JPMorgan Japanese Investment Trust (JFJ:LON) | 502 -45.1 (-1.8%) | Mkt Cap: 732.0m
- Published:
24 May 2021 -
Author:
James Carthew | Matthew Read | Jayna Rana - Pages:
JPMorgan Japanese Investment Trust (JFJ) performed exceptionally well last year. However, as our last update note warned, in periods of market exuberance, JFJ’s performance may lag its benchmark. Over the past couple of quarters, investors have become more excited about the prospects of post-COVID economic recovery in Japan and globally. As lower quality stocks have bounced, JFJ has given up some of its considerable outperformance relative to its benchmark, TOPIX, in recent months. Nevertheless, the managers remain enthused about the medium-term prospects for JFJ’s portfolio and are committed to their stance of backing the ‘new Japan’.