Close Fund Management is to launch its second Japanese accelerated return fund in late December offering five times the return of the Nikkei 225 over six years.
The sterling-hedged fund will offer a maximum of 80 per cent over six years and offers 100 per cent capital protection if the index has not fallen 50 per cent below start point at any point during the life of the fund.
The firm hopes to capitalise on a recent turnaround in the Japanese economy resulting in increased employment, rising household income and an improved property market. Its first Japanese accelerated return fund is up 44.5 per cent after two years.
CFM managing director Marc Gordon says: “The success of our first Japanese fund has led us to launch another Japanese-focused fund that can exploit the opportunities that this buoyant and growing economy can offer.”