Greenwood builds up Japan holdings

Iimia's fund of funds manager Nick Greenwood is rebuilding his position in Japan in anticipation of ...

Iimia’s fund of funds manager Nick Greenwood is rebuilding his position in Japan in anticipation of a bounce in the Asian equity market. The Japanese market has lagged the rest of the world over the past 18 months but Greenwood believes the market’s long-term fundamentals look good. Greenwood said he was buying David Mitchinson’s JPMorgan Fleming Japanese Smaller Companies investment, which is sitting on a 13.5% discount, and Prospect Epicure J-REIT Value, a new closed-ended fund which trades Japanese property shares. “Much of the problems in Japan stem from a weak Yen and huge outflo...