Fidelity's Price says Japan's emerging entrepreneurship provides unlisted opportunities for trust

‘Reopening’ is another theme in the portfolio

Entrepreneurship is on the rise in Japan, according to the manager of the Fidelity Japan Trust, who said that the trust’s ability to hold unlisted, as well as listed, companies has helped its performance standout among peers.

Nicholas Price, who has been managing the £303m investment trust since 2015, said he has observed "a lot of entrepreneurship which wasn't there in Japan 10 years ago when I was looking at companies". Price said the emerging entrepreneurship in Japan is down to "a change among young people" and their acceptance that there is "not a job for life". "A lot of them graduate from great universities and traditionally they just went straight into a job for life at a blue chip company and didn't come out of that company until they were 60-years-old and retired," he said. Fidelity eyeing 3 t...