View more on these topics

JO Hambro adds second Japan fund to range

JO Hambro Capital Management has launched a second Japanese offering under the management of Scott McGlashan and Ruth Nash.

The Japan select fund will target high yielding returns from large-cap in the Topix 100.

JO Hambro says the launch has been made to capitalise on the growing use of dividend to signal business confidence from listed companies in Japan.

The portfolio will include both the 20 highest yielding stocks and the 20 with the fastest growing dividend semi-annually.

The select fund is expected to have a capacity of £2bn, a significant increase on the £200m figure slated for the current Japan fund which launched in 2004.

McGlashan says: “Dividends by Japanese companies grew by 14 per cent last year and have been growing at a double digit rate since 2003. In the ten years prior to that, it was common for them to cut dividends. With the breakdown of the old cross-shareholding system, Japanese companies have now realised that they can no longer afford to ignore shareholders.

“Having repaid debt over the past 15 years, corporate Japan is in rude health and we expect payout ratios to continue to rise. The emerging dividend culture will be the foundation for the next Japanese bull market and this fund is positioned to benefit from this exciting change.”

Recommended

PYV links liabilities in one plan

PYV has brought out a management liability portfolio plan for advisers and mortgage brokers which combines covers for claims made by the Government, regulators, employees and shareholders.

Societies must merge, says KPMG

KPMG predicts more building society mergers in the near future. Its Building Society Database 2008 says mergers are necessary if the 59 societies are to compete with bigger lenders.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com