|JP Morgan Flem Jap Smlr Cos It
||EPS - Basic
||Market Cap (m)
|Equity Investment Instruments
JP Morgan Flem Jap Smlr Cos It Share Discussion Threads
Showing 26 to 48 of 50 messages
|added to my holding today on the recent drop
|Smaller cos in Japan is one of the few areas where there is growth. With a low yen, cheaper energy and nacent signs of China recovery, this growth could continue.
The sub shares appear very atractive. I hold.
|Reaching for the skies.
JPSS profitable on a 6% increase in JPS in 18 months - a good buy.|
|I've been a holder for some time now - no 'real' movement in the price of JPS in proportion to actual share prices....
Can anyone explain to me why buy JPS for Abenomics reasons, when, at the same time, the GBYJPY exch rate has gone from circa 120 to 190 (60% increase?. Thereby de-valuing the underlying Japanese share prices in proportion.
Yes, Japanese share prices have increased, but exch rate has suppressed any real increase in JPS value
Am I wrong?
The same will happen with Dragi's QE?|
|Recently built quite a hefty holding here but 243p for the subscription share exercise price seems some way off. It will be interesting to see how this goes this year i expect abenomics, the oil price drop and yen weakness aiding exports to be very favourable.
|The whole of Japan is on fire.|
|The NAV has actually fallen since month-end from 206p to 204p. This despite the Nikkei jumping by 6%. Reason? - the fall in the Yen I suppose.|
|Should be time to buy a few back soon|
|A pretty high forward P/E at the moment
|Does anyone have a feel for where the Jap Smaller Co market is going? Still down?|
|Is this what you are looking for ?
free stock charts from www.advfn.com|
|LEX, in the FT, was quite negative regarding Japanese shares this a.m.
Foreigners buy Japan
Published: June 18 2007 12:51 | Last updated: June 18 2007 23:01
The triumph of hope over experience looms large over the Japanese stock market. The market is still less than half its 1989 peak and during the past 12 months has lagged behind the US, Europe, the UK and Hong Kong. Undeterred, foreigners keep lapping up Japanese shares, accumulating a record 28 per cent slice of the market by the end of March 2007. That pits foreigners along with the Japanese government against other investors, from domestic retail to banks, who saw their share of the market shrink.
Who is reading the market correctly? Locals were badly burnt when the market collapsed and are now more comfortable buying up high-yielding overseas currencies. Goldman Sachs' dealings with investors suggest Europeans are the most pessimistic foreigners on Japan not surprisingly, since the yen's depreciation against the euro has further undermined year-to-date performance while US and Asian investors are more gung-ho.
The rest of this article is for FT.com subscribers only|
|Two other trusts that specialise in Japanese small caps are IJD and FJV. They all trade differently but FJV has the tightest spread usually. This stock was the most volatile in the last pop that's why I'm in at £2.30. I'm confused by the comment above about discount to NAV. The NAV on ADVFN is shown at £2.51 today, i.e 8.4% discount.|
|what are the other trusts in this sector, and how does this trust compare to its peers?|
Just checked out your link to Trustnet. The latest "discount" is -8.4 , so
my understanding of that is, the share price is at a PREMIUM of 8.4% to the
asset v/share. The pros ( and particularly cons ) of that, are for another
'JPS' is an 'Investment Trust' fund, so, unlike Unit Trusts, is traded like
conventional ( single company ) shares. The equivalent of the initial ( unit
trust type ) charge is, of course, the dealing bid/offer spread.
FWIW, I would be more inclined to focus on factors like the price discount
( or premium )to the asset value per share, and the potentially high returns
( and losses ) from this Sector/country, than to be overly concerned with
the charges. This is, undoubtedly, a high risk/high reward vehicle.
One other point; an at least moderately able fund manager SHOULD be capable
of outperforming any related tracker,( and hence, ETF, should there be any.)
Any higher charges/costs incurred, would then, surely, be worth paying.
Hope this helps; oh ---- and good luck.
|sorry, forgot to ask. I can't see any ETFs that track Japanese SMEs. I already own a Nikkei tracker, but would perhaps prefer a tracker for smaller caps, esp as the fees for ETFs tend to be much lower.|
|I like the look of investing in JPS (or another fund for Japanese SMEs) but am finding it difficult to find enough information about the charges - i see from the header there is a 1.25% annual fee - but what about initial fees?
Is it bought just like a normal share using ticker JPS? If there are initial charges is this taken out when I make my purchase? i.e. I buy £1k and get charged £50 immediately if it's 5%?
Any suggestions as to whether there are better performers out there?
|Anyone like to call the bottom on this one?|
|'Podcast' /audio webcast:
Japan's rising stock opportunities
24th April 2006
Stuart Cox, Fund Manager, Japanese Portfolios Group, JP Morgan Asset Management
Click the following link to listen:
Cantos web page (note: you may need to register with Cantos to gain access):