Credit Suisse to shut ailing £2m Japan fund

The 19-year-old fund has halved in size over the last year to below just £2m, and was not expected to improve. Morningstar ranks the fund 56th out of 58 in the IMA Japan sector in the last 12-months, down 16.2% compared to the -7.2% sector average. “At below £2m in size, the fund has become uneconomical to run and we do not expect a huge amount of inflows in the near future given Japan as a sector is not currently proving a popular investment region for IFAs and their clients,” Credit Suisse UK asset management product development head Toby Hogbin says. "For the limited number of clients...