Bumper year, more to come?
Fidelity Japanese Values (FJV) provided very strong absolute returns during 2017. It benefited from a rising Japanese stock market and from the strong gains in mid/small cap growth stocks. Stock selection was the key driver of performance with FJV’s holdings in services, retail trader and foods being key contributors. Despite this strong performance, FJV’s manager is positive on the outlook. Loose monetary policy and better economic growth are contributing to a gradual, and much-needed, pick-up in inflation. Corporate profits and margins are at record highs, and the manager sees room for further improvement driven by strong domestic fundamentals and a favourable global outlook. He adds that, while the labour market is tight, capex is at record levels, reflecting investments in improving efficiency.
QuotedData you with provides access to research on Investment Companies, Investment Trusts and Mining companies. Our aim is to provide you all the information you might need to make your own investment decisions. We cannot offer you advice on your investments.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.