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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Jpmorgan Japanese Investment Trust Plc | JFJ | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 3.00 | 0.52% | 580.00 | 08:57:30 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 580.00 | 580.00 | 580.00 | 577.00 |
| Industry Sector |
|---|
| EQUITY INVESTMENT INSTRUMENTS |
| Top Posts |
|---|
Posted at 02/6/2023 08:13 by spangle93 More Kepler researchDividend: "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. |
Posted at 03/3/2023 20:13 by spangle93 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." |
Posted at 30/5/2022 12:31 by spangle93 Not a pretty graphLatest Kepler study says it's all related to US interest rate rises rather than intrinsic fortunes of the holdings. |
Posted at 22/3/2017 08:34 by nod 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. |
Posted at 20/11/2016 20:43 by nod 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-indu |
Posted at 23/2/2015 02:15 by nod Asian stocks rose Friday, with Japan's benchmark index extending gains to a new 15-year high on prospects for better earnings. Many markets closed for the Lunar New Year holiday.The Nikkei Stock Average rose 0.4% to 18332.30, the highest level since May 2000. In recent months, Japanese stocks have risen steadily as investors have taken a renewed interest in companies that have shifted their focus back to growth and efficiency. |
Posted at 01/2/2015 10:11 by nod Japan appears to have benefitted from the turmoil in Europe and if course from continued low oil prices. It's funny how economists now suggest that lower oil prices may contribute to deflation around the globe. We will have to wait and see on that but Japanese investors seem more confident for a change. |
Posted at 23/2/2013 08:09 by nod Where are the customers' yachts? Written in 1940 is an awesome read. It's about JPM and all BIG brokers who under perform for investors and over perform for themselves. I'm only with JPM because they acquired the previous fund manager and since then this fund has gone nowhere and has under performed its peers even with JPM swapping its sector. One of my worst ever funds in 35 years of investing. |
Posted at 30/5/2008 20:29 by haveagoodday From Times OnlineMay 28, 2008 Japan: the land of the rising return? David Budworth Given the turbulence in the markets over recent months you might not have noticed that the Japanese stock market has been doing rather well. Since hitting a low of 11,788 in mid-March the Nikkei 225 index of Japan's leading companies has leapt 16 per cent, making it one of the top performing markets worldwide. Two months is, of course, a very short time frame on which to base investment decisions. But it is worth taking note, as the burst in performance has coincided with a new found optimism in Japan amongst fund managers. Many think that the Japanese market, which has been in the doldrums for most of the past decade, could finally be turning a corner. Paul Chesson, head of Japanese equities at Invesco Perpetual, a fund manager, says: "We still believe that the stock market as a whole will be tough going over the next year. However, there are now more shares in the market where I believe we can make double-digit returns over the next year than we have been able to find for some time." Other fund managers, like Stephen Harker at SG Asset Management, say that Japanese equities are the most attractively valued for 25 years. More than half of Japanese companies trade at less than book value - the accounting value of their assets - according to Goldman Sachs, an investment bank. Dividend yields are also rising, with Japanese equities now yielding more than bonds. According to Hargreaves Lansdown, a financial adviser, this has only happened twice before - in 1998 and 2003. Both times, this was followed by a rally in the market. After over a decade of falling prices the Japanese economy also appears to have turned its back on deflation, which has made it difficult for companies to raise prices and discouraged the Japanese consumer from spending money. Japan's nationwide consumer price index (CPI) rose 1.2 percent in March from a year earlier, the biggest rise since March 1998. Although this was largely down to rising energy prices, economists say that there are encouraging signs that inflation is beginning to appear in the broader economy. Seasoned investors will, quite rightly, say that they have heard such talk before. There have been many false dawns in the land of the rising sun that have come to nothing. But the underlying factors, this time around, make Japan looks a more compelling investment than it has for many years. The next 12 months look likely to to remain tough as the credit crisis works itself out. But if you are prepared to hold for the long-term now looks like a good time to invest. |
Posted at 01/7/2007 22:52 by knowing Tokyo shares seen retesting 7-year high as first-half gains may extendTOKYO (Thomson Financial) - The Tokyo stock market is expected to extend its first-half gains into the second half, propelling the benchmark Nikkei 225 index toward 20,000, its highest level in seven years and more than 10 percent above the close on Friday. In a continuation of trends seen in the first half, the industrialization of the so-called BRIC countries -- Brazil, Russia, India and China -- and a firm economic outlook in other parts of the world are expected to encourage investors to buy shares of exporters, while concerns about the strength of domestic demand remain, analysts said. In the first half, Hitachi Zosen, Japan Steel Works and Sumitomo Metal Mining enjoyed the biggest percentage gains among Nikkei components as investors eyed growing demand in the BRIC countries and greater Asia for industrial materials and cargo transportation. Those gains helped power the blue-chip market gauge to a 5.3 pct gain to 18,138.36 on Friday from 17,225.83 on December 29, its last trading day in 2006. Not all stocks took part in the rally. Shinsei Bank, Casio Computer and Sky Perfect JSAT suffered the steepest percentage declines, hit by earnings worries. The Nikkei touched a seven-year closing high of 18,240.30 on June 21, after overcoming the global stock market turmoil triggered by a sharp sell-off in the Chinese market in late February. The steep decline on the Shanghai stock exchange caused the Nikkei to shed its year-to-date gains and sent it to a March 5 closing low of 16,642.25, a full 8.6 pct below the February 26 close of 18,215.35. For the rest of the year, the Nikkei is likely to advance further into territory not seen since mid-2000, as the benefits of a weaker yen are felt, boosting investor confidence in the export-oriented Japanese economy, analysts said. "The market will probably trend higher to a little above or below 20,000 on the Nikkei by the year-end. This is based strictly on the condition that the yen stays near current levels and thereby leads to the upgrading of earnings projections by major exporters," said Hiroyuki Fukunaga, strategist at Rakuten Securities. The dollar has climbed to just below 124 yen in recent sessions, up almost eight yen from its March level with half of the four-month gain coming after Japanese companies had hammered out earnings projections that were based on an outlook for a firmer yen. By sector, producers of steel and other industrial materials, as well as shipping companies and shipbuilders, are expected to remain investor favorites in light of strong demand from BRIC countries and broader Asia. "Steel makers and marine transporters are best placed to benefit from surging demand in such emerging countries as China. Nippon Steel and Mitsui OSK Lines, the leaders of these sectors, are a must to have in portfolios," said one trader at a European asset management firm. Nippon Steel has forecast that its revenues would expand 11 pct to 4.76 trln yen in the current fiscal year. Mitsui OSK has forecast an 8 pct rise in revenues to 1.70 trln yen in the year to March 2008. Shares of carmakers, such as Toyota Motor, may also gain in popularity as the yen weakens, raising hopes that these companies that are heavily dependent on offshore demand may beat the earnings projections made in April and May, analysts said. A weak yen buoys the yen-converted value of earnings received in foreign currencies. Shares of high tech companies, on the other hand, may not enjoy as much investor interest despite their deep ties to demand abroad, as they are faced with stiffer competition from players in not only the US and Europe but also Asia, analysts said. Bridgestone, the world's largest tire maker, on Wednesday lifted its earnings guidance for the year to December, attributing its improved outlook to the weaker-than-expected yen so far this year, as well as surprisingly firm sales in the US. Analysts said Bridgestone's announcement is the first sign of the impact the weak yen is having and bodes well for all the carmakers, the major constituents of the Nikkei index. "There is a possibility that the yen's recent weakness may lift earnings sharply" at carmakers, while their business fundamentals have also improved, thanks partly to the increasing weight of China and other emerging markets, said Shinya Naruse, a car-sector analyst at Nomura Securities. Rising gasoline prices have made fuel-efficient cars popular, and this should also help Japanese carmakers escape much of the impact of softer demand in the US where top Japanese carmakers generate roughly 60 pct of their operating profits, he said. The Nomura analyst on Wednesday lifted his investment recommendation on the auto sector to bullish from neutral, and said car shares are broadly undervalued at current levels. But although most analysts are bullish on the stock market, they caution that political uncertainty may pressure the Nikkei towards 17,500 or slightly lower before the upper house election on July 29. "The election, along with a probable rate hike by the Bank of Japan, is the most significant event when looking at the market's prospects through the year-end," said the trader at the European asset manager. Investors are wary that the vote may sap Prime Minister Shinzo Abe's ruling Liberal Democratic Party and drag on the government's efforts to reform the Japanese economy. Reforms have been a key market driver in recent years. The Nikkei began its advance in October 2005 when the Parliament passed a bill to privatize the postal services, a plan proposed by Abe's predecessor, the reformist prime minister Junichiro Koizumi. At that time, the Nikkei was trading around 13,000. "If a loss by the LDP in the vote removes foreign investors' hopes in Japan's chances to reform, they may unload the holdings built in positive response to the passing of the postal services reform bill. That would be a major pressure on the market," Rakuten's Fukunaga said. The lack of a steady recovery in consumer demand may continue to be a source of concerns for investors as it has been for the Bank of Japan which aims to "normalize" its super low interest rates. Even so, investors expect the central bank to raise its overnight call rate target by 25 basis points to 0.75 pct after the election, most likely in August. "Share prices have factored in the possibility of one rate hike this year, while uncertainties remain on chances of a second move," said Tsuyoshi Segawa, strategist at Shinko Securities. Investors will monitor closely the effects of one or two rate hikes on the economy and on the yen, analysts said. The best timing to launch into buying will be around September if a possible August rate hike fails to spark the active unwinding of yen carry trades, which would cause the yen to strengthen again. "An upgrading of earnings projections by carmakers and other exporters in or around September will trigger the buying spree which I expect to send the Nikkei rising towards its highs for the year," Rakuten's Fukunaga said. (1 usd = 123.21 yen) |
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