Fid.Jap.Val. Share Discussion Threads

[knowing] 13/9/2010 15:51

FJV moving up now.

[knowing] 12/9/2010 23:02

NY B I traded these last time from 7p to 12p but really depends on the Japanese recovery and the share price of FJV. Just seen this news regarding the economy in Japan which is now showing signs of recovery. I was over in Tokyo last week and if you look at the amount of people out drinking,shopping and having dinner then things look busy

[ny boy] 10/9/2010 10:49

Knowing> You still in these? What's the story, recovery likely, looking at Japan but there have been so many false dawns, trouble is sooner or later one will pay off and it will be the move and I don't want to miss it!

[knowing] 10/9/2010 10:42

Dropped off below the Nov 09 level now.

[marcinzablocki] 31/3/2010 23:23

Thanks Knowing.

[knowing] 30/3/2010 12:59

It's a subscription share which will allow you to buy FJV at 55p at anytime upto Feb2013. Detail is in the header.

[marcinzablocki] 30/3/2010 12:53

Can anyone explain if this is a company or a fund?
What does "SUB" mean?

And when is it going to get going as I see it going down daily?

Thanks for any info you can give!

[knowing] 22/3/2010 16:21

David Jane, manager of the £214 million M&G Cautious Multi Asset fund, has been switching money out of China and Brazil into Japan because he believes this country now offers terrific opportunities for investors.

"The corporate sector and political environment are improving," he says. "There have also been changes in Japan's economy, and the prospects for [its] exporters are better in an improving world economy."

Japan occupies one of the most prominent positions in the three-year-old portfolio, which seeks to maximise total return by investing in a diversified range of assets.

"It's not very correlated with other global markets, which means I can reduce risk in the portfolio while getting some positive exposure to a world economy that's recovering," Jane adds. "It is a great story - and that's what the markets buy."

The fund, which aims to deliver steady, competitive returns by backing the best asset classes and investment themes it can find, has exposure to traditional equities, bonds and property, as well as areas such as collateralised debt obligations.

And as diversification is fundamental to the process in order to avoid taking excessive amounts of risk, it's designed to participate in rising markets and preserve capital when times are hard.

The investment process starts with an analysis of the macroeconomic environment to determine investment themes. Subsequent exposure to the various asset classes will be via direct holdings or collective investment schemes.

Part of Jane's investment philosophy involves looking for the pieces of information that will pull his assumptions apart, rather than simply trying to back up existing prejudices. "It's easy to prove stocks will go up by finding all the bullish stories about a company, but you should instead seek ways of proving yourself wrong," he says. "If you're unable to do so, then the idea will probably work."

He believes a successful multi-asset fund manager should understand where the risks are and construct a portfolio that deals with them yet still provides returns. At present, Jane sees the principle risks as being the effects of quantitative easing, inflation and deflation, and currencies.

In such an environment, he wants exposure to the economic recovery but is rather less enthusiastic about government bonds: "You can argue about the scale and pace of it but economies around the world are all recovering, so I own a fair amount of equities. But I've tipped the balance away from emerging markets as valuations are no longer adding up."

Jane believes the fund's flexibility to allocate capital between asset classes in such an unconstrained way, as well as its ability to respond decisively to changing financial conditions and asset valuations, are its key selling points.
"Well-run multi-asset funds will dominate the retail sector in the years to come," he predicts.

[pip_uk] 03/3/2010 11:10

I`ve bought a few at 14p, overvalued at the moment but if the Japanese market gets going could end up being very nice indeed.
Money Week likes Japan that`s good enough for me.

[knowing] 02/3/2010 23:04

Well very nearly in the money and little stock around must be the drivers here.

[jhan66] 27/11/2009 08:03

NAV was 55p (probably less now)
build in 20% discount. When the NAV is nearer 70p you'll be able to buy the underlying shares at 55p on the open market.

In the current climate we could have a long wait for 70p market price.