Fisch mulls higher Japan exposure for Schroder Convertible fund

Fisch Asset Management is planning to increase exposure to Japan in the Global Convertible fund it manages for Schroders.

Kurt Fisch, who runs the £229m Schroders fund for Fisch Asset Management in Switzerland, says Japanese equities typically outperform as the global economy emerges from recession. This bodes well for convertibles, too, he says. "When global growth accelerates, Japan is a relative good performer, and therefore we like it now." Schroders' fund has about 10% exposure to Japanese convertibles - a normal weighting on historical standards - but Fisch says this could grow. If Fisch overweights Japan, as he has for other portfolios, it would be the first time since 2006. The Schroders fu...