Chesson values businesses that offer both earnings and cashflow

Post-Lehman adjustments to Invesco Perpetual Japan portfolio have paid off for vehicle

Paul Chesson has been managing Invesco Perpetual Japan since January 2000 – a period during which the vehicle has consistently outperformed its peer group. Launched in May 1998, the £276.62m fund is ranked third out of 44 funds in the sector over five years to 28 September, climbing 48.5% against an average 9.1% rise, according to Morningstar. Chesson, shortlisted for the best Japan manager at the 2009 Investment Week Fund Manager of the Year Awards, is again top decile over three years, up 19.5% against an average decline of 13%. Over one year the fund is up 28.9%, against an average...