JPMorgan Japanese Inv. Trust PLC Update research from QuotedData
23 Marzo 2023 - 3:53AM
RNS Non-Regulatory
TIDMJFJ
JPMorgan Japanese Inv. Trust PLC
23 March 2023
JPMorgan Japanese Investment Trust - Update research from
QuotedData
23(rd) March 2023
Backing the new Japan
JPMorgan Japanese Investment Trust (JFJ) has a large exposure to
good quality companies that are at the forefront of the
modernisation of the Japanese economy. The portfolio embraces
businesses in robotics, ecommerce, digitalisation, healthcare, and
renewables. It also backs some great Japanese brands and businesses
that are helping the economy adapt to an ageing population.
These are 'growth' stocks and, as we discussed in our last note,
even though Japan has not, as yet, experienced the interest rate
rises that triggered the selloff in growth stocks in other markets,
their share prices have plunged, and this has impacted on JFJ's
performance.
The trust's managers, Nicholas Weindling and Miyako Urabe,
highlight the valuation opportunity that this has created; Japan
was out of favour before this fall, the stocks in the portfolio are
cheaper yet still boast superior earnings growth prospects than the
average Japanese company, and the yen is undervalued (a stronger
yen relative to the pound would boost JFJ's returns). This could be
a good chance to back a former sector-leading trust, while
underlying valuations look cheap.
Full Research:
https://quoteddata.com/research/jpmorgan-japanese-investment-trust-backing-japan-qd/
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