Equitable Unit Trust Managers has launched a Japan fund, to capitalise on expectations of further ec...
Equitable Unit Trust Managers has launched a Japan fund, to capitalise on expectations of further economic recovery.
Launched last week, the unit trust will be managed by Jeff Atherton who has been managing Japanese pension funds on behalf of Equitable Life for the past five years.
The fund currently holds around 60 stocks, but this is expected to increase to around 70-80 as the portfolio grows in size.
There will also be warrants and convertibles included if required to provide a more defensive or aggressive exposure. Initially the portfolio will be heavily weighted toward new Japan, with a particular emphasis on blue chip electronic and electrical companies. It is currently light on traditional banks.
Minimum investment in the fund is £500 or there is a monthly savings plan available of £40 per month across the range of Equitable's funds.
There is a 5% initial charge and 0.5% annual management fee. Equitable does not pay commission.