Jupiter backs Japan conviction with Sicav launch

Manager Simon Somerville plans to employ a Garp strategy, with 40-50 positions and a small-mid cap bias

Jupiter believes Japan is showing ideal valuations versus its Asian counterparts as it plans to launch its Japan Select Sicav next month. The fund, managed by Simon Somerville, will focus on Japan but will have the flexibility to invest up to 20% in other Asian countries such as Hong Kong, South Korea, Taiwan, Singapore and Malaysia. Somerville says he will hold around 90% of the positions already held in Japan Income, with a smaller and mid-cap bias. He will employ a growth at a reasonable price (Garp) strategy, with between 40 and 55 positions. Though the fund also has the flexibi...