McGlashan calls the shots on Japan

Japanese equity fund manager Scott McGlashan made the headlines not long ago by telling advisers that the time had come to return to Japanese equities. The reason McGlashan's call made the news was because, four years ago, while at Perpetual, he took the unusual step of advising investors to move assets out of Japan, something that has left him with a reputation for honesty. McGlashan, of Jade Absolute Fund Managers, which manages the £7.2m Close Finsbury Japanese Equity fund, believes that, with average P/E ratios on Topix having fallen to roughly comparable levels to the S&P Compo...