Man GLG Japan CoreAlpha Fund Professional Accumulation Shares (Class C)

Category Japan Large-Cap Equity

This fund can be held in an Investment ISA, SIPP and Investment Account

Last buy/sell price

270.90p

arrow-down-3.30p (-1.20%)

Fund Code

SGJCA

B0119B5

GB00B0119B50

Prices updated as at 19 Apr 2024

Prices in GBX

Investment objective

The investment objective of the Fund is to provide capital growth by outperforming (net of fees) each of (i) TOPIX Total Return Index and (ii) the Russell/Nomura Large Cap Value Total Return Index, both converted to sterling, in a rolling five year period. To achieve the objective, the Fund invests at least 80% of its assets in (i) equities of Japanese companies; or (ii) companies which derive a substantial part of their revenues from activities in Japan.

Important documents: Please ensure that you have read the Key Information Document/Technical Guide , Pre-sale Illustrations document & Doing Business with Fidelity document (incorporating the Fidelity Client Terms) and the fund information documents. These can be found within the Charges & documents section.

Our view

Stephen Harker is Head of Japanese Equities and leads the CoreAlpha team. He has over 35 years of industry experience and has concentrated on the Japanese equity market since April 1984. There are four core team members and, although Stephen takes final responsibility, they take a team and generalist approach.

They focus on top 300 companies with low valuations. The investment management style for the Fund is a large-cap contrarian one with a value tilt. They invest in the stocks which have underperformed significantly and for a long time. Performance since inception has been strong, against peers and market, and is consistent with the process and risk profile of the fund. In general, the fund will outperform when value stocks are outperforming and when small caps are underperforming. The risk of this strategy is a protracted period of underperformance for undervalued stocks.

Important Information

Please note the value of investments can go down as well as up so you may get back less than you invested. This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to an authorised financial adviser. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and(3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.