Lindsell Train Japanese Equity A

Ranked 6 out of 139 in - Japan over 12 months
All calculations are in GBP unless stated

Managed by

Michael Lindsell

Michael Lindsell was born in England in 1960. He attended Bristol University where he gained a BSc degree in Zoology. Michael started his career as an investment manager in 1982 with Lazard Brothers and moved to Scimitar Asset Management in Hong Kong in 1985. He joined GT Management in 1992 as the CIO in the Tokyo office before returning to the UK in 1997 to run GT’s global and international funds. Following the acquisition of GT by Invesco in 1998 Michael was appointed head of the combined global product team. Michael co-founded Lindsell Train Ltd in 1999 and in 2004 he was appointed as sub-investment manager to the Close Investments Japanese Investment Fund. Michael has been managing funds for over 27 years and he holds a Certified Diploma in Accounting & Finance. Outside of fund management he lists tennis, rugby and the cinema/theatre as his interests.

Objective

The Sub-Fund intends to achieve its investment objective by investing directly in a concentrated portfolio of Japanese equities, primarily those listed or traded on a Recognised Exchange in Japan. The Investment Manager takes a strategic long term view when selecting investments for the Sub-Fund. The Investment Manager seeks to identify companies whose characteristics are a high return on capital usually associated with a low capital intensity and a high dividend paying potential usually aligned with abundant cash flow generation. The investment performance of the Sub-Fund will be measured against the total return on the Tokyo Stock Exchange (First Section) Index (TOPIX) in Yen or other relevant currency terms (the Index).

Showing fund performance in United Kingdom View performance globally

Performance

Japan over : 31/03/2018 - 31/03/2019

Total Return

Quarterly Performance

to 31/03/2019 Annual Q1 Q2 Q3 Q4
2019 6.7%
2018 2.0% 7.2% 7.5% 2.5% -13.6%
2017 26.0% 10.3% 6.1% 1.0% 6.6%
2016 26.6% 3.2% 14.4% 13.5% -5.5%
2015 31.0% 24.8% -4.2% -1.3% 10.9%
2014 0.7% 1.0% 1.2% 0.8% -2.2%
2013 22.3% 27.6% -1.1% -3.1% 0.0%
2012 -3.6% 1.7% -2.2% 2.1% -5.0%
2011 -6.0% -6.7% -1.6% 3.7% -1.3%
2010 19.7% 15.8% -4.4% -0.2% 8.4%
2009 -13.9% -22.9% 4.4% 15.6% -7.4%
2008 9.6% -3.7% -5.0% -3.9% 24.6%
2007 0.4% 1.0% -1.0% -1.1% 1.5%
2006 -0.1% 6.9% -4.7% -0.9% -1.0%
2005 20.6% 0.3% 3.1% 6.6% 9.4%
2004 15.4% 8.3% 5.7% -4.3% 5.4%
2003 40.5% -0.8% 9.4% 23.7% 4.7%
2002 -10.5% 5.9% 6.5% -10.9% -10.9%
2001 -26.0% -4.3% 5.6% -13.9% -15.0%
2000 -20.9% -9.8% 3.6% -4.9% -11.1%
1999 106.0% 17.8% 14.1% 9.4% 40.0%

Month by Month Performance

Returns Vs Risk

Asset Allocation

Breakdown

28/02/2019

Top 10 Holdings

Stock Size
Kao Corp ORD 9.65%
Nintendo Co Ltd ORD 9.41%
Shiseido Co Ltd ORD 7.08%
Obic Business Consultants Co Ltd ORD 6.98%
Astellas Pharma Inc ORD 6.88%
Mandom Corp ORD 5.02%
Hogy Medical Co Ltd ORD 4.84%
Milbon Co Ltd ORD 4.79%
Takeda Pharmaceutical Co Ltd ORD 4.74%
Kirin Holdings Co Ltd ORD 4.65%
28/02/2019

Registered For Sale In

  1. United Kingdom

Fund Info

  • Launch date30/10/1998
  • Share Class size1,254Mn
  • Base currencyJPY
  • ISIN IE0004384180

Purchase Info

  • Min. initial investment200,000
  • Min. regular additional investment0

Charges

  • Annual management1.15%
  • Initial investment4.50%

Related News

Performance is for the period shown (month end to month end, bid/bid, gross income reinvested, calculated in the currency and currencies indicated).