Jpmorgan Japanese Invest... Share Discussion Threads

[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 20:52

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 10:29

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 08:49

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 18:37

300p within sight. It has been a good 2015

[nod] 04/3/2015 23:15

Blue skies.

[nod] 23/2/2015 02:15

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.

[nod] 04/2/2015 04:05

Sp is 16% below NAV

[nod] 01/2/2015 10:11

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.

[nod] 02/4/2014 20:14

Over the past three months the performance of JFJ has been well below the Nikkei. Perhaps this is partly down to the premium being lowered on the JFJ fund.I don't have a feel for the state of the Japan economy over the next 12 months. Consumer confidence and spending in the West has been improving but how much are Japanese companies benefiting from this?

[tokyo sexwhale] 02/3/2014 12:53

Views on where we go from here? Resumption of the uptrend ?

[nod] 06/2/2014 17:40

The Nikkei has taken a pasting the past two weeks to hit a 4-month low. JFJ similarly down.

[nod] 13/1/2014 10:55

New highs.

[nod] 28/12/2013 21:32

The definition of hedging is an investment taken out to limit the risk of another investment. Hedging isn't free. It is a pairs trade - you win on one side and lose on the other. I'm sure JP Morgan understands the tool and had good reason not to utilise it.I've not always been happy with JFJ's performance versus the sector but this year I can't complain.

[a0148009] 28/12/2013 10:32

nod - of course you have done very well with this stellar rise all I am saying is that some funds have discretion to hedge the currency, JFJ does not, hindsight
has nothing to do with it. They have also improved the performance utilising maximum permitted gearing if you read the annual report.

AO

[nod] 28/12/2013 09:15

There are other ways to bet on currency movements than investment funds. JFJ has gone up 45% in the past 12 months while the currency depreciation of the Yen against Sterling has been 25%. Could JFJ have placed bets that would have given the fund a better annual return? Probably. Hindsight is a wonderful investment tool.

I'm happy with 45%
:)

[a0148009] 23/12/2013 13:52

Trouble is they do not hedge the currency consequently the fund has not enjoyed the full stellar performance of Nikkei with 30% or more depreciation of Yen against sterling, better off in a fund which hedges currency unless you think the yen is going to firm up.

AO

[nod] 22/10/2013 23:01

I think we'll see new highs a few times over the next two months.

[nod] 27/9/2013 10:35

Five Rings for Japan in 2020As Forbes called it - the World's most valuable presentation to win the Olympics.It's difficult to contemplate selling JFJ now with the next 6 years to look forward to.

[nod] 20/9/2013 10:46

A very good climb over the past month to get back close to 5-year highs.

[nod] 21/7/2013 01:03

Recovered nicely over the past month and has outperformed the benchmark. Results show notable outperformance over one and three years. Suggests some good stock picking going on.