Jpmorgan Japanese Invest... Share Discussion Threads

[spangle93] 02/6/2023 09:13

More Kepler research

Dividend: "4% of NAV on the share price at the time of writing would equate to 4.6% thanks to the significant Discount, which underlines the value in the shares"


Also today, the half-year report


They see positives in both the japanese economy and companies, so who knows, maybe on this cycle, the 500p barrier might crack.

[spangle93] 03/3/2023 20:13

Updated Kepler research - they think Japan could be a good country to be in during 2023, and that although volatile risky, "for investors with a long-term time horizon, we think JFJ is an attractive way to benefit from the exciting growth potential in Japanese companies."

[spangle93] 30/5/2022 13:31

Not a pretty graph

Latest Kepler study says it's all related to US interest rate rises rather than intrinsic fortunes of the holdings.

[lozzer69] 22/2/2022 09:56

Down 30pc from ATH. Still hanging in here as surely Japan will start to rise as lots of so called experts predict.

[thamestrader] 05/10/2021 09:26

...and in a reversal of fortunes, JFJ is recently performing somewhat worse than my Japan tracker (SJPA). Some of its holdings must have turned toxic.

[thamestrader] 13/9/2021 09:55

Looking much better of late. Related to change of Japan's leadership it seems.

[nod] 17/5/2021 08:01

Perhaps down to the increase of Covid cases in Japan and the fear of economic impact. Several Asian countries that were doing so well have been hit by recent outbreaks. Japan, Taiwan, Thailand, ..The WHO warning about 2021 has cast a cloud over exporting countries.

[lozzer69] 13/5/2021 12:15

Now down over 20 pc from ath. Still a hold for me but disappointed with recent performance.

[lozzer69] 08/3/2021 08:35

Down from a high of 744 this has taken quite a hit. But still a long term hold for me.

[loganair] 05/12/2020 14:57

JPMorgan Japanese:


For the neutral observer, it’s good to see Baillie Gifford is not getting its way everywhere and in Japan we have a bit of an upset for the company. A ‘blockbuster’ 12 months to the end of August saw last year’s third-placed JPMorgan Japanese (JFJ) overtake former sector leader Baillie Gifford Japan (BGFD) to win our award this year.

Stifel analyst Anthony Stern was impressed with JFJ’s 20% growth in net asset value for the financial year, not just because it trounced the 1% dip in Japan’s Topix index (in sterling terms), but because Nicholas Weindling and Miyako Urabe’s portfolio of growth stocks proved comparatively defensive in the coronavirus crash, declining 15% in the February-March sell-off, which was about half the descent of rivals BGFD and Fidelity Japan Values (FJV).

Although the other two trusts have rebounded faster since then, JFJ’s 42% rally from the March lows is still impressive and, combined with its earlier resilience, leaves it with the best three-year NAV return and information ratio, with BGFD not making it into the short list although the smaller companies focused Baillie Gifford Shin Nippon does.

[ekuuleus] 13/10/2020 06:54

indeed.

I'm shocked by the very strong performance on this in the last 6 months. More than double. Stunned.

[nod] 12/10/2020 23:59

Ekuuleus, yes I did thanks. It's frustrating that client records are not passed over when funds change hands. It's time consuming to get ID signed for just about everything we do these days. Meanwhile, the real money launderers in financial centres carry on.

[spangle93] 12/10/2020 20:34

Shin Nippon hasn't been too shabby either - wasn't it the biggest IT riser in September.

Nonetheless, Japan has definitely been the place to be over the last 2 months or so. I hold both these two ITs.

There is some overlap - 3 of the top 10 holdings for the two trusts are the same companies.

[lozzer69] 12/10/2020 14:57

Not sure anyone is on this post but bought into JFJ early this year. Very impressed with manager who was on a video chat. I like the fact that he and the team are in Tokyo and track record is impressive. Still on a discount unlike BG shin nippon.

[ekuuleus] 29/1/2018 17:28

did you get that sorted nod?

[nod] 22/3/2017 08:34

A big fall here, don't know why. I haven't got my cash yet from JP Morgan. It's funny when you sell funds and you live overseas they always decide the fund managers don't have the appropriate identification verification information on their records. Yet, we've provided the identification required to the previous managers of the fund and sometimes the managers before them.I've lost track of the fund managers on this fund. It was Jardine Fleming, hence the JFJ ticker.Why do investor identification and verification records never get passed on when funds are sold? It's very time-consuming to get joint-holder documents verified by a JP or whoever.

[nod] 06/3/2017 12:04

I've closed my JFJ investment at end February. My return was over 150% so that's okay for a fund.

[nod] 31/12/2016 10:12

I've been in JFJ for eight years now. My timing was good but the return of around 150% over 8 years is much less than I had anticipated. Growth has been steady rather than spectacular.

[nod] 20/11/2016 20:43

JFJ appears to be going against the trend in Japan, which is considerably up over the past 4 months. Many big investors think the up trend is going to continue helped by the USA."A lot of things are lining up for Japanese equities," said Bryan Goh, the Singapore-based chief investment officer of Bordier & Cie, which oversees about $9 billion. "It looks like the economy is stabilizing and the weak currency is certainly helping. There's some momentum behind this bull run."The market's latest tailwind comes from America, where Trump's shock election victory has fueled speculation that increased government spending will lead to higher U.S. interest rates and a stronger dollar. That's good news for Japan because it translates into a weaker yen and an improved earnings outlook for exporters like Toyota Motor Corp. The Japanese currency has dropped 6 percent versus the greenback over the past month, more than any other major Asian currency."This is a very big regime change in U.S. economic policy that could be a game-changer for the yen and the Japanese stock market," said Naoki Murakami, a Tokyo-based market strategist at AllianceBernstein, which oversees about $483 billion worldwide.Trump-induced equity gains over the past two weeks have built on optimism over the BOJ's decision to refrain from pushing interest rates further into negative territory, a policy that had battered bank shares earlier this year. A better-than-estimated 2.2 percent Japanese economic growth figure for the third quarter also added to the bullish sentiment, despite evidence that private consumption remains tepid."Market behavior is looking good and government policy is supportive," said Rob Weatherston, a manager of Japanese equities at Old Mutual Global Investors in Hong Kong.

[nod] 31/10/2016 15:42

This turned out to be a good place to hold some funds as the pound crashed.

[nod] 15/4/2016 21:52

A double benefit for this fund. Strong yen has increased value when converted. Japan shares are rising on China optimism. Countries trading heavily with China saw impact at end of week e.g. South Korea Won and Kiwi Dollar rose on China numbers.

[thomasthetank1] 15/4/2016 11:29

Read Stockdale's note on JPMorgan Japanese Investment Trust (JFJ), out this morning, by visiting hxxps://www.research-tree.com/companies/uk/trusts%2c_etfs_%26_funds/jpmorgan_japanese_inv__trust …
“The sharp rally in the yen is running into fundamental headwinds, though history reminds us that the current rally could run for much longer. We believe that the Japanese economy is going to have a fiscal crisis in a few years, unless inflation rises from current levels, which is unlikely to happen if the yen strengthens further. We therefore expect to see strong monetary and fiscal measures from the authorities in Japan. We believe that the combination of a stable yen and government support still makes the Japanese equity market one of the best medium-term investment opportunities. We continue to ... JPMorgan Japanese Investment Trust (JFJ).…”

[nod] 23/7/2015 09:49

300p has been crossed a couple of times since April. Mixed signals in the data today but optimism that the next quarter will be better."Japan's exports increased the most in five months in June, boosted by growth in automobile and electronic parts.The value of overseas shipments rose 9.5 percent from a year earlier, the Ministry of Finance said on Thursday, versus an estimated 10 percent gain. Export volumes were unchanged, signaling limited support for industrial production that has pressured economic growth.Japan's recovery stalled in the three months to June, with weakness that Bank of Japan Governor Haruhiko Kuroda is betting won't persist this quarter. Today's data indicate that foreign trade dragged on growth, said Marcel Thieliant, an economist at Capital Economics."Export volumes have been struggling to rise despite the weak yen," said Atsushi Takeda, an economist at Itochu Corp. "China will continue to pose a risk to Japan's economy. Inventory adjustments in China don't bode well for Japanese exports."

[nod] 08/4/2015 19:37

300p within sight. It has been a good 2015

[nod] 04/3/2015 23:15

Blue skies.