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%.

 

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