The Fund aims to generate long-term capital growth by investing in the shares of Japanese companies, or companies that generate a significant amount of their business in Japan. The Fund will apply a 'value' based stock picking approach, investing in a concentrated portfolio of large, medium and small capitalisation companies.
The Fund will apply a 'value' based stock picking approach, investing in a concentrated portfolio of large, medium and small capitalisation companies that exercise a significant part of their economic activities in Japan or are organised under the laws of Japan.
- Team of 5 industry and investment specialists
- 85+ years of combined industry experience
- Typically 45‑55 positions
- No benchmark or tracking error constraints
- Fundamentally-driven analysis and stock selection
FE Crown Fund Ratings do not constitute investment advice offered by FE and should not be used as the sole basis for making any investment decision. All rights reserved.
Fund Managers & Analysts
Gerard Cawley, CFA
Chris Smith, CFA
James Salter, CFA
Gerard Cawley, CFA
Gerard joined Polar Capital in January 2005 and is fund manager of the Polar Capital Japan Value Fund.
Prior to joining Polar Capital, Gerard gained five years’ experience in Japanese equities at Schroder Investment Management.
- BA in Business Studies, Dublin City University Business School
- CFA Charterholder
- 18 years
Chris Smith, CFA
Chris joined the Polar Capital Japan team in January 2012. He is an analyst on the Japan Fund and a co-manager of the Japan Value Fund which he has managed since January 2018.
Prior to joining Polar Capital, Chris gained five years’ experience working in accountancy.
- BSc (1st Class Hons) in Applied Accounting
- Chartered Certified Accountant and a CFA Charterholder
- 7 years
James Salter, CFA
James joined Polar Capital in 2001 to launch the Polar Capital Japan Fund. He is head of the Japan investment team and has managed the Fund since launch.
Prior to joining Polar Capital, James began his career at Foreign & Colonial in 1989 where he was promoted to an assistant fund manager, and then left to join Martin Currie to take joint responsibility for the Japanese funds in the capacity of a director. Before establishing the Japanese franchise at Bonfield, which he transferred to Polar Capital, he was the senior fund manager of the Schroder Japan Growth Fund plc.
- BA (Hons) in Classics and Anthropology, University of Reading Japan Area Studies, SOAS (School of Oriental and African Studies), London
- AIIMR qualified (with a distinction in regulation)
- 29 years
Masahiko joined Polar Capital in December 2006 from Schroder Investment Management where he was a senior analyst.
Prior to joining Polar Capital, Masahiko was an analyst at Prudential Asset Management (1997-2000).
- MBA, Waseda University, Tokyo
- Chartered member of The Security Analyst Association of Japan
- 21 years
Sachin joined the Polar Capital Japan team in October 2014 having previously worked as the Firm’s Head of Trade Support.
Sachin joined Polar Capital as an operations executive in 2005 as a post-graduate.
- BSc in Actuarial Science, London School of Economics and Political Science MSc in Actuarial Science, University of Kent
- 14 years
Cumulative Performance (%)
|JPY Class S Dist||-0.92||7.44||7.44||-4.09||37.38||43.62||-||139.05||14.56|
Discrete Annual Performance (%)
Portfolio Exposure & Attribution
Top 10 Positions (%)
|Mitsubishi UFJ Financial||4.5|
|Sumitomo Mitsui Financial||3.9|
|Showa Aircraft Industry||3.2|
|Nippon Telegraph & Telephone||3.1|
|Sumitomo Electric Industries||2.9|
Performance Attribution - 1 Month (%)
Performance attribution is calculated in JPY.
Market Capitalisation Exposure (%)
|Large (Topix 100)||31.1||59.0|
|Medium (Topix mid 400)||23.3||30.7|
|Small (Topix small)||39.3||10.3|
|Textiles & Apparels||2.8||2.2|
|Securities & Commodity Futures||2.9||2.1|
|Information & Communication||6.3||-1.9|
Fact Sheet History
Tax & Distribution Reporting
Report & Accounts
Codes & Fees
|JPY Class S Dist||PCJAIJI ID||IE00B8843R79||B8843R7||1.02%||*|
|GBP Class S Dist||PCJAIBI ID||IE00B6TBKM73||B6TBKM7||1.02%||*|
|US$ Class S Dist Hedged||PCJAIUH ID||IE00B7JYM942||B7JYM94||1.02%||*|
|GBP Class S Dist Hedged||PCJAIBH ID||IE00B8C0M523||B8C0M52||1.02%||*|
|EUR Class S Dist Hedged||PCJAIEH ID||IE00B8C1QM02||B8C1QM0||1.02%||*|
|US$ Class R Dist Hedged||PCJARUH ID||IE00B88DDG32||B88DDG3||1.62%||-|
|GBP Class R Dist Hedged||PCJARBH ID||IE00B4WY8142||B4WY814||1.62%||-|
|EUR Class R Dist Hedged||PCJAREH ID||IE00B7G7VV19||B7G7VV1||1.62%||-|
|JPY Class I Dist||PCJAIJY ID||IE00BYMD0W65||BYMD0W6||1.27%||-|
|GBP Class I Dist||POJAVIG ID||IE00BYW63T38||BYW63T3||1.27%||-|
|GBP Class I Dist Hedged||POJAIGH ID||IE00BFX4HT11||BFX4HT1||1.27%||-|
|USD Class I Dist Hedged||POJAIUH ID||IE00BFX4HR96||BFX4HR9||1.27%||-|
|US$ Class I Dist||POJAVIU ID||IE00BYW63S21||BYW63S2||1.27%||-|
|EUR Class I Dist||POJAVIE ID||IE00BYW63V59||BYW63V5||1.27%||-|
|EUR Class I Dist Hedged||POJAIEH ID||IE00BFX4HW40||BFX4HW4||1.27%||-|
|US$ Class R Dist||PCJARUI ID||IE00B3KK5164||B3KK516||1.62%||-|
|JPY Class R Dist||PCJARJI ID||IE00B88S7N36||B88S7N3||1.62%||-|
OCF is correct as at the date of the latest published KIID.
Countries in which this fund is available
Please click on each country to see share class availability